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Yo_Mama_Been_Loggin

(108,430 posts)
Wed Dec 21, 2022, 10:23 PM Dec 2022

Trump tax returns reveal questionable $300 million in deductions deserving scrutiny by prosecutors:

In a column for Bloomberg, former Donald Trump biographer Tim O'Brien claimed information contained in Donald Trump's tax returns -- which will be made public in one form or another by the House Ways and Means Committee -- already have some red flags in them that should interest prosecutors.

On Tuesday the committee announced it would release the former president's tax returns, with CNN reporting, "The committee also released a report Tuesday that detailed six years’ worth of the former president’s tax returns, including his claims of massive annual losses that significantly reduced his tax burden," before adding, "The committee also released a supplemental report from the Joint Committee on Taxation that included details on Trump’s tax returns from 2015 to 2020, ahead of the planned release of the returns themselves."

According to O'Brien, who has seen some of Trump's tax documents previously, the former president wouldn't be in this position if he had not run for office in 2016 which, in turn, invited the scrutiny he avoided for years as a New York real estate developer.

With that in mind, he wrote, "What a fine mess he has gotten himself into. There are certainly more surprises to come, but a pair of summaries of the House Ways and Means Committee’s analysis of Trump’s personal and business tax records from 2015 through 2020 contained interesting revelations that will trouble the former president and certainly draw the attention of prosecutors."

https://www.msn.com/en-us/news/politics/trump-tax-returns-reveal-questionable-300-million-in-deductions-deserving-scrutiny-by-prosecutors-biographer/ar-AA15wLrq

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Trump tax returns reveal questionable $300 million in deductions deserving scrutiny by prosecutors: (Original Post) Yo_Mama_Been_Loggin Dec 2022 OP
The IRS "reviewed" orthoclad Dec 2022 #1
The IRS managed to audit Obama 8 times in 8 years and have already audited Biden twice... RockRaven Dec 2022 #3
And they did the painful line-by-line audits of Comey and McCabe spooky3 Dec 2022 #4
So much corruption in so many directions orthoclad Dec 2022 #5
As a former IRS auditor, I think the numbers suggest not only spooky3 Dec 2022 #2
Foreign Income... NowISeetheLight Dec 2022 #6
:-) spooky3 Dec 2022 #9
Questionable Deductions? ProfessorGAC Dec 2022 #7
Kick dalton99a Dec 2022 #8

RockRaven

(15,076 posts)
3. The IRS managed to audit Obama 8 times in 8 years and have already audited Biden twice...
Wed Dec 21, 2022, 10:58 PM
Dec 2022

The corruption of the IRS could not be more overt if they had tried.

orthoclad

(2,910 posts)
5. So much corruption in so many directions
Thu Dec 22, 2022, 01:12 AM
Dec 2022

that it's impossible to keep up. I'm sure that's part of the strategy. Remember the Gish Gallop?
https://en.wikipedia.org/wiki/Gish_gallop

spooky3

(34,525 posts)
2. As a former IRS auditor, I think the numbers suggest not only
Wed Dec 21, 2022, 10:57 PM
Dec 2022

Questionable deductions and other problems, but also unreported income, possibly from foreign sources that are hard to trace. I hope this is investigated.

ProfessorGAC

(65,382 posts)
7. Questionable Deductions?
Thu Dec 22, 2022, 09:30 AM
Dec 2022

These had to be the business filings, because there's zero chance that there was enough personal income to need $300M in deductions.

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