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Hillary Clinton
Related: About this forumHILLARY GROUP: Why Hasn’t Bernie Sanders Released His Tax Returns? (Or Cruz Or Kasich, Either…)
Why Hasnt Bernie Sanders Released His Tax Returns? (Or Cruz Or Kasich, Either )SNIP
"But those proclaimed disclosures were neither accurate nor honest. None of those candidates has released even a single tax return.
What they made public instead was merely a summary known as IRS Form 1040. That form is no more a tax return than the Preamble is the Constitution.
No, a tax return is the entire document filed with the IRS the forms, schedules, and statements that reveal the numbers and calculations about income, deductions, and tax liabilities behind the summary information on Form 1040. Without the full tax return, the public cannot know sources of income, justifications for deductions, or how aggressively tax law was applied to reduce the income tax due.
History tells us that disclosing complete tax returns, not just a summary form, is vital to determining a presidents trustworthiness. It was only 45 years ago that (freshly resigned) Vice President Spiro Agnew plead guilty to one count of tax evasion, making him a felon. Without the action of an IRS employee who illegally leaked President Nixons 1969 through 1972 tax returns, we would never have known about the tax crimesin which the president was an unindicted co-conspirator, and for which one of his advisorsplead guilty. If all we had were Nixons and Agnews Form 1040s, their tax crimes would have remained unknown."
SNIP
"As for Sanders, the single Form 1040 he released raises more questions than it answers, especially since the junior senator from Vermont has a history of making incomplete and misleading financial disclosures.
In 2014, he reported an adjusted gross income of $205,271, most of it from his Senate salary.
What appears unusual are his itemized deductions, totaling $56,377, a whopping 27.4 percent of his income. People in his income class of $200,000 to $500,000 on average take 15.6 percent of their income as deductions, while those in the $100,000 to $200,000 range averaged 18.8 percent. Both averages are far below the Sanders itemization rate.
Sanders and his wife paid $27,653 in federal income tax, or 13.4 percent of their adjusted gross income.
When I tried to look more closely at Sanders taxes, Michael Briggs, the chief spokesman for his campaign, sent a statement that is simply not true, although he may not have understood why at first. In an email, Briggs wrote that Sanders and his wife Jane made public his federal and state income tax returns last year when he became a candidate for president and intends to do so again this year.
....That background raises difficult questions about Briggs responses, which i tried to explore despite his failure to answer follow-up questions.
SNIP
"
Mark Lippman of Daily Koswas evidently the first to report the Vermont senators incomplete disclosures. He also noted that the value of Jane Sanders retirement accounts appreciated in value from $285,000 in 2011 to $481,000 in 2014. Nothing wrong there, by the way, though readers may find the 68.8 percent increase puzzling because Lippman failed to give context. The broad stock market rose 64 percent during that period, indicating the big gain was basically owed to stock market returns, plus about $400 a month in additional deposits to Ms. Sanders retirement portfolio.
Why Sanders would play games with his income taxes is a mystery.
MORE:
Very interesting read.
http://www.nationalmemo.com/why-hasnt-bernie-sanders-released-his-tax-returns/
Armando @armandodkos
Kudos to Pulitzer winner @DavidCayJ for crediting Daily Kos member Mark Lippman in his story on Sanders tax returns.
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HILLARY GROUP: Why Hasn’t Bernie Sanders Released His Tax Returns? (Or Cruz Or Kasich, Either…) (Original Post)
misterhighwasted
Apr 2016
OP
Love her to pieces. I can't wait till she is Madem President of the U.S.A.
misterhighwasted
Apr 2016
#6
Cha
(297,446 posts)1. Too busy yammering lies about Hillary?
Thank you, mister~
misterhighwasted
(9,148 posts)2. And spending $16 mill on his social media army of censorship
I know the FEC also wanted some answers to his unaccounted -for campaign donations from LAST month.
This FEC deadline was yesterday. 3-31.
We'll be keeping a steady watch for the results.
Is it me, or does the bernie campaign seem to be fraying at the seams?
Hey Cha!
Getting close to the delegate end & Hillary is standing stronger than ever against the boys club.
Bless her strong generous heart.
We'll get her there..
Cha
(297,446 posts)5. Feel the Math
MADem~
Thank you!
misterhighwasted
(9,148 posts)6. Love her to pieces. I can't wait till she is Madem President of the U.S.A.
fleabiscuit
(4,542 posts)3. BS - Release those taxes! K&R
misterhighwasted
(9,148 posts)4. ..YES YES. Release those Taxes bernie sanders.
Why wouldn't he?
Why?
?
Iamaartist
(3,300 posts)7. lol
Taxman
By The Beatles
Let me tell you how it will be
There's one for you, nineteen for me
'Cause I'm the taxman, yeah, I'm the taxman
Should five per cent appear too small
Be thankful I don't take it all
'Cause I'm the taxman, yeah I'm the taxman
:
misterhighwasted
(9,148 posts)8. "The Taxman Cometh"
Iamaartist
(3,300 posts)9. lol
misterhighwasted
(9,148 posts)10. Campaign headquarters: "its getting hot in here!"
Her Sister
(6,444 posts)11. yeah Release the taxes BS!
SunSeeker
(51,607 posts)12. K & R
DemonGoddess
(4,640 posts)13. K&R!