Donald Trump's taxes could be public soon [Mod Edit: OP speculation based on Q&A from editors] (1 Viewer)

Domefan504

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Someone has the poison pill? Only matter of time now.

N.Y. Times editor: I'd risk jail to publish Donald Trump's taxes - Sep. 12, 2016

"I think every journalist on the planet wants Donald Trump's tax returns," said Laura Poitras, a filmmaker who made an Academy Award-winning documentary about NSA leaker Edward Snowden.
Related: Why Trump owes it to voters to release his tax returns
But she told both Baquet and Washington Post Associate Editor Bob Woodward, who was also there, that the lawyers for their newspapers would probably warn them that they'd face jail time for publishing such information.
"If the Post or the Times were to get Donald Trump's tax returns, would you publish them?" she asked.
Both said yes, that they'd argue with the attorneys to do so.
Baquet said Trump's taxes are important because he is "a presidential candidate whose whole campaign is built on his success as a business man, and his wealth," and that his taxes could cast light on whether that's true.
I think the Times has it and is just holding out till the right time or put this out because they want it and will make someone very rich for the info.
 

efil4stnias

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he will die defending the release of his tax returns.

I have said this from DAY 1- if they are released, his entire perception of being this patriotic, tax paying, altruistic philanthrope and shrewd business man will come crashing down.

Literally - crashing to the ground and prove once and for all the charlatan he is.
 

Saint_Ward

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Eh, I wouldn't get worked up about this. They were at a forum and were asked a hypothetical question about journalism ethics vs legality.
 

coldseat

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he will die defending the release of his tax returns.

I have said this from DAY 1- if they are released, his entire perception of being this patriotic, tax paying, altruistic philanthrope and shrewd business man will come crashing down.

Literally - crashing to the ground and prove once and for all the charlatan he is.
In all honesty, do people who support and will vote for Trump really believe that he is this person? Like actually believe it?

Or do they acknowledge he isn't this false persona that he's built up, but just think, "Never Hillary"?
 

efil4stnias

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In all honesty, do people who support and will vote for Trump really believe that he is this person? Like actually believe it?

Or do they acknowledge he isn't this false persona that he's built up, but just think, "Never Hillary"?
i know several who whole-heartedly believe this.

Like....seriously believe it. Then, i know others who are simply "Never Hillary" ( which is EXACTLY what he meant by the whole " i could shoot someone...etc etc)

some Rs are sooooo Rs they would NEVER vote D in ANY election regardless of candidates flaws.

Now as to the how many? i have no clue. 3 ppl i know support Trump for the former reasons and 2 because they are dyed-in-the-wool Rs.
4-life.

its amazing. Educated, well positioned and successful people
 

wcklink

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he will die defending the release of his tax returns.

I have said this from DAY 1- if they are released, his entire perception of being this patriotic, tax paying, altruistic philanthrope and shrewd business man will come crashing down.

Literally - crashing to the ground and prove once and for all the charlatan he is.
I'm just wondering what you and everyone else that wants the returns think they will get from them?

That he doesn't pay a lot in taxes, unless he's doing something illegal, he is filing a return to his max benefit. If he's stupid enough to pay more than the law requires, then he shouldn't be president.

That he didn't give a lot to charity. Perhaps he needs to set up his own, modeled on the Clinton Foundation.

Anything else you think you will find?
 

not2rich

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I'm just wondering what you and everyone else that wants the returns think they will get from them?

That he doesn't pay a lot in taxes, unless he's doing something illegal, he is filing a return to his max benefit. If he's stupid enough to pay more than the law requires, then he shouldn't be president.

That he didn't give a lot to charity. Perhaps he needs to set up his own, modeled on the Clinton Foundation.

Anything else you think you will find?
I dunno, man. Why do you want to see Hillary's private e-mails, or her medical records?

All I know is that Trump thinks releasing his tax returns will cause him more damage than the criticism he's received for not releasing them. If there's really nothing to hide and nothing to find, why all the stonewalling?

And Trump did set up his own charitable foundation, but apparently it's only for donating other people's money, and funding occasional gifts to Trump's own family. You can read about it in the Wash. Post or NYT, I forget which one.
 

mt15

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I'm just wondering what you and everyone else that wants the returns think they will get from them?

That he doesn't pay a lot in taxes, unless he's doing something illegal, he is filing a return to his max benefit. If he's stupid enough to pay more than the law requires, then he shouldn't be president.

That he didn't give a lot to charity. Perhaps he needs to set up his own, modeled on the Clinton Foundation.

Anything else you think you will find?
I seriously doubt you really want to know, but I saw an interview on TV with someone who has seen the tax return. I posted it the day I saw it, and I think the man was on Bloomberg, but I can't fully remember now. He said he was allowed to speak in generalities only and this is what he said would be problematic for Trump if his taxes are made public.

1. It will reveal his total worth isn't what he repeatedly says it is.

2. It will reveal he doesn't donate what he says he does to charity.

3. There will be concerns about foreign influence in his businesses, with this one being the main sticking point.

(This, IMO, is a reference to being deeply in debt to Russian oligarchs.)

I think he knows, or rather he's been told by someone in the campaign, that his tax returns will reveal something so repugnant to regular voters that it would essentially end his bid for the presidency. We already know he has managed to pay zero taxes in the past because some of his returns had to be made public years ago, probably when he was applying for a casino license.

(BTW, Trump does have his own charitable foundation, which is in hot water for several legal issues, or rather illegal moves.)
 

coldseat

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I'm just wondering what you and everyone else that wants the returns think they will get from them?

That he doesn't pay a lot in taxes, unless he's doing something illegal, he is filing a return to his max benefit. If he's stupid enough to pay more than the law requires, then he shouldn't be president.

That he didn't give a lot to charity. Perhaps he needs to set up his own, modeled on the Clinton Foundation.

Anything else you think you will find?

Do you think he should release them? Or is this a non-issue to you?
 

Galbreath34

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I'd say Trump obviously thinks there something in them that would be "misinterpreted" and very damaging.
 

wcklink

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I seriously doubt you really want to know, but I saw an interview on TV with someone who has seen the tax return. I posted it the day I saw it, and I think the man was on Bloomberg, but I can't fully remember now. He said he was allowed to speak in generalities only and this is what he said would be problematic for Trump if his taxes are made public.



1. It will reveal his total worth isn't what he repeatedly says it is.



2. It will reveal he doesn't donate what he says he does to charity.



3. There will be concerns about foreign influence in his businesses, with this one being the main sticking point.



(This, IMO, is a reference to being deeply in debt to Russian oligarchs.)



I think he knows, or rather he's been told by someone in the campaign, that his tax returns will reveal something so repugnant to regular voters that it would essentially end his bid for the presidency. We already know he has managed to pay zero taxes in the past because some of his returns had to be made public years ago, probably when he was applying for a casino license.



(BTW, Trump does have his own charitable foundation, which is in hot water for several legal issues, or rather illegal moves.)


So you know it won't tell you his net worth or reveal any Russian ties. It will show you how much he earned, what his effective tax rate is, and what he may donate to charity personally. That's all your going to get. If he followed the law and paid zero taxes, good for him, he didn't write the law only followed it.

BTW, didn't Obama nominate and the senate seated a tax cheat as treasury secretary?


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wcklink

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Do you think he should release them? Or is this a non-issue to you?


I think it's a non issue for anyone and an exercise in futility and I couldn't care less if any candidate released returns. Rather see health exams from a board of physicians than tax returns. Also rather see Hilary's speech transcripts, much more telling than tax returns prepared by the best tax experts money can buy. Although we did discover that Bill Clinton donated his used underwear to charity, the most useful thing we've ever gotten from tax returns.


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Galbreath34

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So you know it won't tell you his net worth or reveal any Russian ties. It will show you how much he earned, what his effective tax rate is, and what he may donate to charity personally. That's all your going to get. If he followed the law and paid zero taxes, good for him, he didn't write the law only followed it.

BTW, didn't Obama nominate and the senate seated a tax cheat as treasury secretary?


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Oh, it would reveal economic ties to Russia if there there in those return years. The interest statements on loans, and any consulting fees etc would be on the full returns if released. Any ties based on income or claimed deductions for interest or investment are required to be confirmed by 1099 or other forms filed with the IRS. You can't just say you got a speaking fee from "someone" or that you earned or paid interest for an "unspecified" debt or investment. It all has to be specific.

That's how Sanders was able to go after Clinton for specific speaking fees to Wall Street banks. The names of who is paying you and who you're paying interest to are part of the full returns.

The charity or the net worth or level of income are one thing, and may be more or less foggy. He could weasel and claim he gave more to charity but wanted to pay more taxes so didn't claim them, and such. He can't weasel out of it if Gazprom, VTB or others show up heavily in his returns.
 

mt15

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Exactly, the amount of interest paid and who he paid it to will reveal a lot.

The other theory I've heard is that he knows the return would be scrutinized fairly heavily if made public and there are some things in it that he would prefer the IRS didn't get any help discovering while the audit is still ongoing. This actually makes a lot of sense.

As the tea party branch of my family says, do anything to get out of paying taxes as long as you won't go to jail if it's discovered.

They divide their tax cheats into "jaily" vs "non-jaily" and instruct their accountants that they're fine with cheating as long as it's not the "jaily" kind. :covri:
 

efil4stnias

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I'm just wondering what you and everyone else that wants the returns think they will get from them?

That he doesn't pay a lot in taxes, unless he's doing something illegal, he is filing a return to his max benefit. If he's stupid enough to pay more than the law requires, then he shouldn't be president.

That he didn't give a lot to charity. Perhaps he needs to set up his own, modeled on the Clinton Foundation.

Anything else you think you will find?
I'm 100% certain he doesn't file a 1040EZ.

So there will actually be plenty to glean from them. From his continual admissions of massive charitable donations (which aren't true) to his overly embellished net worth ( I would be surprised if he has 1/5th of what he claims to have )...and yet Hillary is the habitual liar.

I'll just be able to introduce the pot to the kettle.

Not to mention, we will get a REALLY GOOD insight into his business acumen. You know his indebtedness and the creditors he is indebted to. You know ...since he rails on our debt and how others are "beholden".

If IT REALLY didn't show anything egregious, then why all the defensive posturing? Simple really...release them and I will gladly eat crow. But I'm almost certain that you know exactly what those returns would lead to. Which is why you take the tact of " it's no big deal". Of course it is otherwise they would be public.



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Domefan504

Domefan504

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I think it's a non issue for anyone and an exercise in futility and I couldn't care less if any candidate released returns. Rather see health exams from a board of physicians than tax returns. Also rather see Hilary's speech transcripts, much more telling than tax returns prepared by the best tax experts money can buy. Although we did discover that Bill Clinton donated his used underwear to charity, the most useful thing we've ever gotten from tax returns.


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So what does Trump have to hide then? Why not disclose it and be done?

Most GOP nominees since 1970s have released their tax returns, Fox's Chris Wallace says | PunditFact

Tax History Project -- Presidential Tax Returns
 

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