>

I wonder if that means he fired his old tax preparer that year
"Donations" seem to be a key strategy at the heart of the grift
Foreign Bank Accounts include: United Kingdom, Ireland, CHINA, and Saint Martin
All very well and normal to have our President bank in China >

The chiiina bank >

Jina >



President Trump did not release his tax returns during his presidency, which is unusual for a modern U.S. president. This led to legal battles over whether Congress or other authorities could obtain his tax returns.


The House Ways and Means Committee, which is responsible for overseeing federal tax policy, requested Trump's tax returns from the Internal Revenue Service (IRS). The IRS initially refused to release the returns, but the committee ultimately obtained them through a legal process known as a "summons."


The committee released some information from Trump's tax returns, including that he paid no federal income tax in 10 of the 15 years before he became president, and that he had significant business losses and debts.


The committee plans to use the tax returns as part of its investigation into various issues, including whether the IRS is properly enforcing tax laws and whether the president has conflicts of interest.


President Trump and his legal team have opposed the release of his tax returns, arguing that it is a violation of his privacy and that the committee does not have a legitimate legislative purpose for obtaining them. >


including whether the IRS is properly enforcing tax laws

Whether? They're not. Trump got Mnuchin to hide his tax returns from the auditors and they violated federal law by not doing the mandated audits while Trump was in office. >

And then Mnuchin probably used his public position to enrich others. IE all of the money handed out. Threw a little meat to the starving masses (stimulus) packaged on top of beelions, and beellions handed out to everyone else. >

Then convinced the rubes it was stimulus and COVID (and not the tax reform) that’s pushing prices up for everything. 🤮 >

Classic “conservative” economic theory.  Any time the annual budget deficit gets under control pass massive tax cuts.  Blame resulting deficit increase on democrats.  Rinse and repeat.  Our taxes are the lowest they have been in 100 years.  Deficit is the highest.  Hmm. >

"The committee report also listed several overarching issues it believed the IRS should have investigated. For example, Trump claimed large cash donations to charities, but the report said the IRS did not verify them. The report also said that while Trump’s tax filings were large and complicated, the IRS does not appear to have assigned experts to work on them."
What a bunch of shit apples >

That's why Republicans keep defunding it...
They want an IRS that's too underfunded to go after anyone rich enough for a lawyer.
It's why when staffing was going to increase, they tried to trick the rubes into thinking armed IRS agents would start knocking on their doors. >

Tried?  They succeeded.  All my dipshit Republican relatives are afraid the irs is gonna kick their door down any day now. >

Lol. What are they hiding that they are afraid of the IRS. 
Edit:spelling >

They think the irs is going to take their guns too. >

They are not smart people, got it. >

Republicans also defunded the education system.  It is a multi-prong strategy. >

They'll defund everything but the police, the one group that actually does want to take their guns away. >

“They'll defund everything but the police, the one group that actually does want to take their guns away.”
That’s the thing that bugs me the most. The cops are most affected by lax gun laws but none of them dare open their mouths to oppose anything. Where are all the so called good ones? >

Cops know it wouldn't be a popular move among their right-wing supporters to be openly anti-gun, and they don't have to be because it's essentially already legal for a cop to kill someone and take their property for no reason, anyway. >


In a video statement last Friday, Trump called the planned release “an outrageous abuse of power,” and falsely claimed that Democrats had “illegally obtained and leaked my personal tax returns, which show only that I’ve had tremendous success.” 
That was thanks to Trump claiming $15 million in business losses, which resulted in him having negative $4 million in adjusted gross income. Trump then claimed a $5 million refund.  
Trump reported millions in negative income in 2015, 2016, 2017 and 2020, and he paid only $750 in federal income taxes in 2016 and 2017.

Tremendous success? I guess the last election was a tremendous success as well >

So I pay more than 10 times the income tax that the Donald pays… does that mean I am a ten- billionaire? >

Taxes should be based on wealth, not income.  Income can be manufactured to be negative if you can afford the right accountants. >

That wouldn't work. It would mean rich people would have to pay taxes. >

Id say that it should probably be both.
Basically if you have more than 20M in assets, then every 5 years your assets get assessed and you pay something small on that growth.  Small as in 6%
Once the assets are sold, you get a tax credit for the amount of tax already paid on them.
This makes it so that the ultra wealthy don't hold all their treasure in assets and pay 0% tax on that treasure because they simply take out loans against the assets rather than selling them.
Moreover, for people with 20M+, any loans taken are reported as income until paid back.
Right now rich people are stocking all their treasure in assets, taking loans against those assets and repaying those loans with more loans.
Since asset growth and loans aren't taxed, they pay no taxes for this activity >

The idea that someone like Trump can sit on a mountain of property and fuck the system so hard that he pays less than 2 million in taxes over 6 years is objectively and morally wrong. Legal or not there is some high-class fuckery going on and it should be every working person's demand that it stop. >

Absolutely bonkers. If anything demonstrates how fucked the system is…. Unbelievable >

I hope he gets so angry he runs as a third party candidate for POTUS in 2024 >

Probably a bluff as a threat to the RNC.  He would have to provide significant funding/infrastructure to an independent campaign and doubt he would do that.  He would get some money from his cult, but I doubt it would be enough. >

You're right, it's 100% a threat 
"you better not have another candidate or I'll run 3rd party so you lose" >

We can only hope >

Split the party! Split the party! >


“the Democrats should have never done it, the Supreme Court should have never approved it, and it’s going to lead to horrible things for so many people."

Nope. Just you. 
If Congress wanted my tax returns, SCOTUS would never know about it.

Rep. Kevin Brady ... said Democrats had ... [overturned] decades of privacy protections for average Americans.”

Nope. This will have zero effect on "average Americans." >

Many of those voters only care about themselves.  Makes sense that the only way to get them to oppose something is to convince them that they will be at risk too.  Otherwise, they won't give a shit. >

If his not-for-the-government tax returns were transmitted to his various creditor banks electronically (as opposed to sending paper copies), isn't that wire fraud? Just asking. >

If it was sent via USPS, then it would be mail fraud. That's a felony. >


That's a felony

For the common folks, it certainly would be >

Considering the Postal Service police were the ones to arrest Steve Bannon, I'd say they have a chance to be the ones to take Trump in as well >

1.1 Gigabytes?!?!!!
Great Scott! >

Sounds pretty heavy. >

There’s that word again >

Why are things so heavy in the future? >

Is there something wrong with the earth's gravitational pull? >

"The panel's top Republican, Rep. Kevin Brady of Texas, has called the release of the documents "unprecedented," and said it will "jeopardize the right of every American to be protected from political targeting by Congress.”
A simple Google search revealed this --- "between 1974 and 2012, every president but Gerald Ford has made a voluntary release of the tax returns they filed while in office. Ford released no complete returns, but released 10 years of summary data including gross income, taxable income, major deductions, and taxes paid."
---
In other words, even though the trumpanzes are slowly leaving, he's going to have stalwarts that are going to fight for him... the fact that trump went literally his entire political career saying he's being audited, and even after getting out of office made pleas all the way to the Supreme Court asking them to hide his information tells a lot.
What was the infamous quote of his, oh right... 
"If you’re innocent, why are you taking the Fifth Amendment?" 
Says the man who invoked the fifth amendment after being questioned for his business dealings in September of 2022 over 400 times in court. >


Rep. Kevin Brady of Texas, has called the release of the documents "unprecedented," and said it will "jeopardize the right of every American to be protected from political targeting by Congress.”

When Brady made this statement, they went on to make the threat that it would be fair play to release the tax returns of private citizens like union leaders. 
So not only does Brady make the fallacious assertion that somehow releasing Trump's taxes is unprecedented since every president in the last 50 years has done it, but he makes it clear the Republicans are planning to use the IRS as a weapon.  Just like Trump did against Comey and McCabe. >

I mean I also wouldn’t be pissed to see the tax returns of union leaders, as well as anyone else with corruptible power. I’ve never understood why taxes aren’t public record anyway. >

Like... Yes please. I would love to know that the labor leaders- those who are entrusted with the true power of the laborers of the country- are not compromised by the capitalist bastards they are meant to keep in check. >

Exactly. In this age of fat sacks of money deciding political questions, we need to know how our leaders are making rent. I’d even be happy to make my own tax returns (pitiful tho they are) public record if it meant I could see the returns of the people that believe they should be in charge of me. >

Can the IRS still do an audit? Since there are so many red flags made public? >

Why would they? It’s quite clear then IRS has no interests in pursuing “difficult” tax cheats. In order to get into Trumps finances, would require a team of auditors, probably take months and need more court subpoenas to reveal truths. 
But someone making $40k/yr with a W2 that’s getting few dollars a month from their little side gig on Venmo? That’s an easy job they can knock out in a week. >

This is exactly right. The IRS goes after the low hanging fruit, a.k.a. the little guy. You know, hard working folks who don't have a squad of lawyers and tax accountants who form a defense line around them while they defraud the government out of trillions of dollars.
Those lost trillions are made up by the rest of us because we're easy pickings. If the IRS had the resources, they could go after the real money.
It's why the GQP are determined to defund the IRS. >

Have they tried setting up a Patreon? >

Only if they're ready to file a 1099k for anything they receive over 600 dollars. >

In 2018 Micheal Cohen said in his deposition that Trump kept two books, one for investors and one for the IRS, and that he's been cooking the books for decades. Has any of that been shown in these tax returns? 
I tend to believe what Cohen said because at the end of his deposition he said "Mark my words if Trump loses the election he will not go peacefully" and he was 100% correct. >

Not sure about his personal taxes (not that I'm aware of), but his company, Trump Org, was found to be keeping 2 sets of books and indicted recently in part for that. >

You're right I got the two mixed up. >


The panel's top Republican, Rep. Kevin Brady of Texas, has called the release of the documents "unprecedented," and said it will "jeopardize the right of every American to be protected from political targeting by Congress.”

Trump and his shenanigans were unprecedented, Mr. Brady. >

Hasn’t every president from Nixon onwards publicly released his tax returns? Ridiculous statement. >

Yep. But for Trump, this is the deep-state being mean to him. >

This is just them being bigly ugly to me
✋🤚
✋          🤚
✋🤚
* Tiny hands enlarged to show detail. Tiny trump hands not actual size
EDIT: For those of us that needed the disclaimer >

Tiny accordion hands gets you an upvote >

Looks like his audit is finally completed! >

Oh no, it's only just begun! >

Oh yeah. I meant the imaginary audit is now complete. >

Yes, his tax returns were more protected and secret than the highest classified documents he stole and waved around at Mar-a-Lago. F this guy. >

The Deep State protected Trump. >

Oh so all these crazy people and Republicans are right there is a Deep State... It's them and they're the ones running the show an getting all the protection. Talk about projection of the highest order. >

But when I pull 5k out of my retirement to pay for life's expenses, the IRS sends me a bill 2 years later that I owe them. >

Don't retire,  problem solved >

I get that this is a joke, but they actually force you to pull money out of your retirement account starting at 72(formerly 70 1/2) even if you're working. It's called a required minimum distribution. >

The fact that they couldn’t get his tax returns until 2 years after he left office is proof that this system of checks and balances is designed to fail >

There just plain is no rule of law in the US anymore. This has all exposed what a complete fraud the entire country has become, and this shit is going to change. >

If this happened while trump was still POTUS, you know r/conservative would be having a meltdown. I'm sure most of them have done a 180 and are now criticizing him >

They're begging us to stop talking about him. >

Getting to that "we never liked him to begin with" phase? >

The second he criticized DeSantis r/conservative instantly turned on him. "Trump only cares about Trump", "He needs to learn to shut his mouth", "I never really liked him". >

Yeah they like DeSantis because he's still a terrible evil child molester but he's young and somewhat competent at being an evil child abuser. And he looks like a normal human on the outside >

The best way to break down a malignant narcissist is to embarrass them. Lots of entertainment for normal-functioning people ahead. >

I read the 39 page summary of his filings and unresearched inconsistencies. Two inescapable conclusions:
1. This is a horrible businessman, who hardly ever generates a profit
2. This is no billionaire >

I don't get it. How do you get to live the life of an obscenely wealthy person without being obscenely wealthy? What is the secret? >

Other people's money. >

Head start if you can begin with daddy's. >

I'm reading it now. How can one man spend so much on Beanie Babies? JFC. >

and all those faberge eggs! >

I'll tell you when I've had enough! >

I think it’s a great precedent and not a dangerous one. If there’s ever a Dem that pulls what trump did, I want Congress to do this to them, too. That’s the difference between the two parties: Dems hold our politicians accountable. >

Could someone upload all the files to some AI and we could just ask things from it? Maybe in haiku format? >

Remember: every other serious candidate for the last 40 years did this voluntarily and Trump repeatedly said he would as well, though he obviously had no intention of keeping that promise. 
This doesn’t change any norms, it reinforces one’s we already had, and which are good to keep. >

Make it mandatory for ALL public officials to release their taxes of 2 years before through the time they are in office regardless of party. Enough of this bullshit. Let's see what outstanding debt they owe before they take office and let's see where the money comes from while they are in office. >

I thought he wasn’t taking the presidential salary, yet there it is in his taxes… >

Finally a promise he made is fulfilled. >

Well, he said he would release them. >

It's weird to me that this was such a big issue. In Norway pretty much everyones taxes is public record, only excluding things you'd expect like people in witness protection or for other reasons have a hidden address and whos income should be kept hidden for their protection, people who were younger than 17 at the end of the year, homeless people and people who died that year. Some might feel its creepy that anyone can look you up, but you can also see who looked you up. It helps a lot with transparency. >

Well, that's probably because you live in a country where propaganda hasn't been deployed as a weapon for half a century to keep the poor and middle class from learning the rich are stealing from them.
We live in the Poor Billionaires of the United States. >

The overwhelming propaganda is a key threat - one of the biggest. We (America) need to make it a crime to intentionally mislead and harm Americans. We lost over a million people to COVID, due in part to willful misinformation. Have we done anything to ensure we're more protected from bad actors in the future? >

"Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires."
-John Steinbeck >

Start digging. Focus on sources and uses of interest ... i.e. where from (investment income) and where to (loan payments, look at the schedules real close). I want to understand who his interest expenses flow to. Get past the Schedule Ds and focus on his entities. That is where you will find the interest expenses for his real estate ventures (no way he owns any in his personal name.)
After interest, focus on sources of 1099 income and on income not required to be disclosed because it flowed through trusts. Once you are in that data set, look for payments from non-standard sources. One time payments, etc. >

So, Trump isn't a billionaire. Got it. >

Which section of the returns states his net worth? >

If the IRS isn't going to do anything what are we supposed to do with them? >

What are his creditors going to do with them? That's the question keeping Trump awake. >

This. People go on and on about Trump finally going to prison. I don't think that will happen since it would make him a martyr to so many.
The real comeuppance for Trump is to spend the rest of his days in court room after courtroom, desperately trying to keep an army of creditors at bay, watching his shitty little empire fall apart. >

I would love to see him end up loosing every case. Every asset he owns seized and forced to live a shell of his former life. >

All politicians tax should be released >

It's nice of them to force Trump to fulfill a repeated campaign/rally promise. >

I heard on NPR Radio, that the IRS didn't audit his taxes as they were mandated to, every year he was in office.. Why....because the IRS only assigned one auditor to Trump's taxes and he was a junior auditor as well as unable to fight off all Trump's legal team in regards to the access to the tax receipts! So the IRS agent was hung out to flap in the breeze! >

Can't wait for no consequences to be levied against him. He should be in jail for so many things and it's extremely disheartening he just gets away with it. >

I'm not about defeatism but that orange turd will never be behind bars. Especially with the title of "ex president of the US"... Why being an ex president is such a layer of teflon in the US is beyond me. >

People don't put smoking guns in their tax returns.  I suspect what we will find will be embarrassing for Trump, but probably not illegal. They will need to dig deeper to find the illegal activity. >

They won’t need to dig far.  Compare tax valuations with loan applications and see if they match.  This is surface level stuff and we’ve been told that this is exactly how he operated by his long term attorney.  It doesn’t help that Mazars came out and said his last decade of returns cannot be trusted. >

George Santos learned many tricks from this guy >

He appears to have not donated his Presidential salary to charity in 2020.  Like not even a sham to his private charity…like not AT ALL.
Rubes are such easy marks for his bullshit >

The right will be screaming this is unfair but won’t understand that this is why they live in squalor…the rich get richer while the poor get poorer.
When will they realize conservatism hurts poor people and so many others. >

He should be thrilled that all the red tape is no longer there and he can share them as he wanted. >

Dude paid more tax to China than he did to the USA in 2020,what a guy! >

So proof of trump has a horrible businessman is public.  The only thing he's good at is running business into the ground.  He's lucky NBC, looking for a host for their Apprentice show, picked him up out of the gutter.  What's hilarious is that we now know that he didn't even pick who got fired each week, the show's producers did.  He was just a front man.  A phony to the last. >

Simple question:  How is review of tax returns not a part of obtaining security clearance for anyone who has access to national security information?  
I mean tax returns are kinda basic information for everything from getting a mortgage, student financial aid, potential investors in your business.  And if IIRC all IRS employees returns are subject to review.
Trump's resistance on this point has been a massive red flag all along. >

years of legal battles after repeated promises and lies.  
nothing says "my tax returns are perfect!" like fighting all the way to the supreme court to prevent anyone from seeing them >

The IRS has no natural positive constituency. Conversely, they have a very powerful opponent, the rich. Overall, most people fear them or hate them. Tax system is screaming for fairness and simplicity. A straight up graduated tax for individuals, family’s and corporations.
Edit: Spelling >


Melania Trump, meanwhile, reported earning $3,868 from modeling in 2020, with expenses of $3,868 completely offsetting the income.  

How spicy would it be if she goes to prison too?
Started out as a gold digger, but ends up in prison? >

Knowing how unhappy this makes CovidDontheCon is the best part >

On a Friday before a long weekend, that's how you bury a story >

Trump has always been and will always be a loser shyster grifter. >

NY Times “Key Numbers” breakdown >

And a great comment that sums it up if you hit the paywall >


promised to give it to charity

He donated $0 to charity in 2020.  So that was a lie