Trump Sues Ways and Means and NY Officials to protect tax returns

[brycejones]

https://twitter.com/x/status/1605294103641567232

oh please, please

Totally cool with Kevin Brady's returns being released as well. Fuck it. You want to serve at the federal level in the House, Senate, Cabinet, VP, Pres, or SCOTUS your tax returns are released.

 

[Fenixgoon]

Totally cool with Kevin Brady's returns being released as well. Fuck it. You want to serve at the federal level in the House, Senate, Cabinet, VP, Pres, or SCOTUS your tax returns are released.

personally i think that's a fantastic idea

 

[Pens1566]

Brady thinking that's a valid threat just shows how fucking stupid he really is.

Yes please. Release them all. We'll start with Kavanaugh ...

 

[KMFJD]

https://twitter.com/x/status/1605377339809988608

shocking nobody

 

[Pens1566]

https://twitter.com/x/status/1605377339809988608

shocking nobody

They blatantly violated any LAW that didn't suit them, why would they follow some measly POLICY???

 

[emperus]

Totally cool with Kevin Brady's returns being released as well. Fuck it. You want to serve at the federal level in the House, Senate, Cabinet, VP, Pres, or SCOTUS your tax returns are released.

100% agreed.

 

[eelw]

Brady thinking that's a valid threat just shows how fucking stupid he really is.

Yes please. Release them all. We'll start with Kavanaugh ...

Because he couldn’t be on the record to threaten to release Hunter’s tax records.

 

[JEDI]

hm.. crowd sourced audit of trump's tax returns, going over it line by line

look at your Reddit

 

[Pens1566]

Because he couldn’t be on the record to threaten to release Hunter’s tax records.

Meh, let him.

 

[SMOGZINN]

Brady thinking that's a valid threat just shows how fucking stupid he really is.

Yes please. Release them all. We'll start with Kavanaugh ...

It was not us he is threatening. He is threatening the Justices that let the committee have the returns. He is informing them that they will be punished for disloyalty.

 

[JEDI]

https://twitter.com/x/status/1605588632152088577

Nice zing at Donald Trump Jr.

cant wait for the crowd sourced audit to figure out how Trump had -$4M income in 2020 while as Pres.
if it was carry over losses, why didnt he use it for 2018/2019 tax years?

 

[Pens1566]

It was not us he is threatening. He is threatening the Justices that let the committee have the returns. He is informing them that they will be punished for disloyalty.

Oh, I know. I don't think I've seen anyone that is against it yet.

 

[fskimospy]

https://twitter.com/x/status/1605588632152088577

Nice zing at Donald Trump Jr.

cant wait for the crowd sourced audit to figure out how Trump had -$4M income in 2020 while as Pres.
if it was carry over losses, why didnt he use it for 2018/2019 tax years?

I suspect lots more will come out once people start digging into them but to me the most interesting part so far is exactly what we always thought - he is a terrible businessman, haha.

 

[GoPackGo]

https://twitter.com/x/status/1605588632152088577

Nice zing at Donald Trump Jr.

cant wait for the crowd sourced audit to figure out how Trump had -$4M income in 2020 while as Pres.
if it was carry over losses, why didnt he use it for 2018/2019 tax years?

What about $24M in 2018? Where did that come from?

 

[Captante]

What about $24M in 2018? Where did that come from?

What was the conversion rate for rubles to dollars back then exactly?

 

[pauldun170]

What about $24M in 2018? Where did that come from?

He dumped assets

For example, Trump reported a $22 million capital gain in 2018 and a $9 million gain in 2019 from asset sales, sending his income into the black following years of enormous losses.

https://www.wpsdlocal6.com/news/tru...cle_34b958f4-8145-11ed-9133-8fc5b8de065d.html

also during that time frame

Judge finalizes $25 million settlement for 'victims of Donald Trump's fraudulent university'

Trump University attendees are getting paid back.

abcnews.go.com

 

[Fanatical Meat]

Ignoring all the previous returns, can someone explain why a person can have a 24 Million income and only pay 1 Million in federal taxes?
That is a little more than 4% with my meager income I pay more than that.

 

[JEDI]

Ignoring all the previous returns, can someone explain why a person can have a 24 Million income and only pay 1 Million in federal taxes?
That is a little more than 4% with my meager income I pay more than that.

wait till reddit crowd source goes though his returns line by line for the definite answer.

 

[fskimospy]

Ignoring all the previous returns, can someone explain why a person can have a 24 Million income and only pay 1 Million in federal taxes?
That is a little more than 4% with my meager income I pay more than that.

I’m pretty sure one reason is you can roll business losses from previous years into later ones when you do actually make money to reduce your taxes.

That being said the IRS has already uncovered a number of very suspicious deductions he took. If I remember right one example is he claims to have contributed huge sums to charity (lol)…all in cash. (LOL)

 

[uallas5]

https://twitter.com/x/status/1605377339809988608

shocking nobody

Remember when the GOP was constantly harping about the IRS only investigating conservative groups? Pepperidge Farms remembers.

 

[hal2kilo]

Post Nixon mandatory Presidential tax audits were required. That didn’t happen with Steve Mnuchin in charge of Treasury for the first two years.

Trump's Taxes: I.R.S. Didn’t Audit Trump for 2 Years in Office, House Committee Says (Published 2022)

The House Ways and Means Committee voted to release six years of Mr. Trump’s tax returns, and members revealed that the I.R.S. failed to follow its own policy because it did not audit Mr. Trump during his first two years in office. It may be days before the tax information is revealed.

www.nytimes.com

The actual head of the IRS said his tax returns were too big fish for them to handle. Thanks Pubs for decimating the powers of the IRS. Still whining about hiring all the new employees, Pubs, huh?
I'm sure they tried real hard. They assigned one agent.

 

[darkswordsman17]

The actual head of the IRS said his tax returns were too big fish for them to handle. Thanks Pubs for decimating the powers of the IRS. Still whining about hiring all the new employees, Pubs, huh?
I'm sure they tried real hard. They assigned one agent.

The people that were concerned about the "87,000" new IRS Agents were worried because they'd been grifting themselves. Plus it'd probably take that many to sort through the shell company bullshit that Turmp and other wealthy people have been pulling to evade taxes.

 

[HomerJS]

I’m pretty sure one reason is you can roll business losses from previous years into later ones when you do actually make money to reduce your taxes.

That being said the IRS has already uncovered a number of very suspicious deductions he took. If I remember right one example is he claims to have contributed huge sums to charity (lol)…all in cash. (LOL)

Any chance that charity was his own foundation which he had to subsequently close??

 

[woolfe9998]

https://twitter.com/x/status/1605377339809988608

shocking nobody

LOL remember when republicans decided the IRS was so biased against conservatives during the Obama years? I'm sure they give exactly zero fucks about his.

 

[soundforbjt]

The people that were concerned about the "87,000" new IRS Agents were worried because they'd been grifting themselves. Plus it'd probably take that many to sort through the shell company bullshit that Turmp and other wealthy people have been pulling to evade taxes.

This is just his helicopter in Scotland: https://www.wsj.com/articles/how-do...cs-obscures-his-business-interests-1481193002