Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

thesquanderer

(11,990 posts)
Fri Oct 16, 2020, 07:57 AM Oct 2020

What no one ever asks Trump about his taxes...

Last edited Fri Oct 16, 2020, 11:18 AM - Edit history (1)

Two things I've never seen mentioned/asked...

1.) Okay, he doesn't want to release returns that are under audit. Well, he's been filing tax returns for over 50 years. You mean to say they are ALL under audit? Obviously not. So let's be generous and say that the IRS is auditing his last ten years' of returns, every single one of those years from 2010 to 2019. Fine. Release 2000 to 2009. At least it gives us SOME idea of where his money comes from and goes to. They can't ALL be under audit.

2.) What exactly is the *rationale* for not releasing a return under audit? He says it would be a stupid thing to do, but why? The tax return as you presented it to the IRS is what you claim is true. The IRS might disagree (hence the audit), but that doesn't change the fact that the return, as filed, is what YOU believe is true. An audit has no impact on that. What exactly do he or his accountants see as the downside of releasing a tax return that is under audit, compared to one that is not?

8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

htuttle

(23,738 posts)
1. He doesn't want his creditors to see it, since he told them different lies
Fri Oct 16, 2020, 08:02 AM
Oct 2020

He tells the IRS he's broke, and tells the banks he's rich.

Which is probably fraud, in numerous ways.

thesquanderer

(11,990 posts)
4. That's equally true whether the returns are under audit or not.
Fri Oct 16, 2020, 11:22 AM
Oct 2020

Creditors will see the same thing whether he releases a return that is under audit or one that is not. And if someone brings the IRS evidence of fraud, they will pursue it, regardless of whether or not the person is already under audit.

So while I agree that this could indeed be a reason he doesn't want his returns released at all (though obviously not a reason he'd admit to if he were asked the question!), it's still not an explanation for not releasing them as long as they're under audit.

marybourg

(12,633 posts)
2. 2) Tens of thousands of " amateur auditors "
Fri Oct 16, 2020, 08:06 AM
Oct 2020

will be combing through his returns to a depth and breadth the understaffed IRS couldn’t on their own.

chriscan64

(1,789 posts)
6. He works harder to hide them than naked pictures of his wife.
Fri Oct 16, 2020, 11:27 AM
Oct 2020

He is less threatened by speculation that he is hiding something than the exposure of what he actually is hiding.

thesquanderer

(11,990 posts)
8. re:"less threatened by speculation that he is hiding something than the exposure of what he's hiding
Fri Oct 16, 2020, 02:21 PM
Oct 2020

Bingo!

The fact is, we all KNOW his argument about not releasing them due to audit is BS. But if a reporter asked him the 2 questions in my OP, it would help call him on it for all the world to see.

Maybe it wasn't clear from my OP, but the point isn't that we need answers to these questions (nor do I expect that we would get any cogent answers to these questions), but just having him try to weasel out of the answers would further demonstrate what BS his answers about this have been. Because there are probably still some people who think his answer about the audit is actually a reasonable one, when it is not.

Latest Discussions»General Discussion»What no one ever asks Tru...