How can Trump release a new tax plan if he doesn't release his own tax returns?

[UltravioletDingo]

Mnuchin confirmed today that Trump has no intention to release his tax returns, which is another Trump lie to add to the list. How do we know if he's going to give himself and his rich friends a tax break if we don't what's in his tax returns? This administration is just full of conflicts of interest, and it's disgusting. I can't believe this is happening.

Congress needs to invoke the law from 1924 to be able to see his tax returns. I think part of the issue is also due to Trump's hubris and vanity. He obviously doesn't want the world to see that he's actually not worth as much as he says he is.


[link:http://www.cnn.com/2017/04/26/politics/trump-taxes-reform/|

[DFW]

1. If he can shoot someone on 5th Avenue and not lose a voter.......

Probably the last fully truthful statement he has made to anyone's recollection.

But if he can do that, he can certainly ask a Republican-dominated Congress to pass tax cuts that will benefit him and people like him. And you know what the worst part is? People who are scraping by, and will STILL be scraping by afterward, will applaud and cheer him on, and really think that their share is JUST around the corner, if only the libbruls would let it happen.

[world wide wally]

2. America is dead.

It died along with congressional approval of anything Trump wants to do.
I honestly believe that if Trump wanted to skim 1% off the top of all the income tax paid for his personal pocket, Congress would approve it.

[Hoyt]

3. He's not going to release them, and it is not likely there is anything

in them to help us. There is plenty of other stuff to attack him on.

[Make7]

4. Well, from what we do know - he will benefit from getting rid of the AMT and estate tax.

Last edited Fri May 26, 2017, 07:47 PM - Edit history (3)

(More accurately, his family will benefit from the latter.)

Of the Federal taxes he paid for 2005, 85.5% were due to the Alternative Minimum Tax.

Without the ATM he would have paid $5.3 million in taxes - instead of the $36.6 million he ended up owing.