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

pnwmom

(108,978 posts)
Fri Apr 14, 2017, 07:18 PM Apr 2017

Dear NY Legislature: please pass a law releasing DT's STATE tax returns.

Pretty please with sugar on top?

California, Connecticut, and Hawaii are other states where he has significant assets and would be filing state tax returns.

https://www.washingtonpost.com/opinions/theres-a-quick-and-easy-way-to-see-trumps-tax-returns/2017/04/11/2765cd38-1b0a-11e7-bcc2-7d1a0973e7b2_story.html?utm_term=.908922cf4b6c

Trump’s New York state resident income tax returns show his salary, dividends, capital gains, rental real estate income and other income from all sources — including sources outside New York. If Trump fills out a “Resident Itemized Deduction Schedule” — as most high-income individuals in New York do — he also reports his gifts to charity. And if he is using phantom losses from previous years to offset tax on his current-year income, then the New York state return shows that too.

New York’s Department of Taxation and Finance keeps copies of Trump’s state returns from as far back as 1990. Current New York law prohibits state tax officials from disclosing an individual’s returns, but the New York legislature could amend that law to require the state tax authority to post the president’s returns from the past quarter-century on its website. For the sake of evenhandedness, the legislature might apply the same rule to its other elected officials. Gov. Andrew M. Cuomo is unlikely to object: He releases his returns every year, as do the state’s two senators, fellow Democrats Charles E. Schumer and Kirsten Gillibrand.

Federal law does not stand in New York’s way. The Internal Revenue Code prohibits state officials from disclosing a taxpayer’s federal return, but it does not stop New York from disclosing information that Trump reports on his state forms.

A bill requiring the disclosure of Trump’s state tax returns should sail through the New York State Assembly, where Democrats enjoy an overwhelming majority. It would also stand a strong chance of passing the State Senate, where Democrats occupy roughly half the 63 seats. Moderate Republicans might come on board as well.

Latest Discussions»General Discussion»Dear NY Legislature: plea...