Trump's tax returns released by House committee after years of legal battles

[BumRushDaShow]

Source: NBC News

A House committee made public six years of former President Donald Trump's tax returns Friday, the culmination of years of legal wrangling and speculation about what might be contained in the filings. The House Ways and Means Committee had voted to make the thousands of pages of returns public in a party-line vote last week, but their release was delayed while staffers redacted sensitive personal information like Social Security numbers from the documents.

Friday's release included both personal and business records. Trump blasted the release in a statement and on his Truth Social platform, saying “the Democrats should have never done it, the Supreme Court should have never approved it, and it’s going to lead to horrible things for so many people."

He also maintained the returns he fought to keep hidden — despite modern precedent that presidents make their returns public — "show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises.”

The panel’s top Republican, Rep. Kevin Brady of Texas, called the release of the documents “unprecedented,” and said Democrats had unleashed “a dangerous new political weapon that reaches far beyond the former president, overturning decades of privacy protections for average Americans.”

Read more: https://www.nbcnews.com/politics/donald-trump/trumps-tax-returns-released-house-committee-years-legal-battles-rcna62408

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Just dropped (ZIP file) - https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/wysiwyg_uploaded/Attachment_E.zip

Link to tweet

Ways & Means Committee
@WaysMeansCmte
·
Follow
Today, the Committee released the final piece of supporting evidence in our investigation into the IRS's mandatory audit program under the prior administration.

Find Attachment E here ⬇️
waysandmeans.house.gov
Ways and Means Committee Votes to Release Investigation of the IRS's Mandatory Audit Program Under...
WASHINGTON, DC--The Ways and Means Committee voted to publicly release the Committee's investigation of the Internal Revenue Service's (IRS) Mandatory Audit Program under the prior administration. The...
9:01 AM · Dec 30, 2022

Was waiting for Attachment E to actually appear on their site and it finally got uploaded - https://waysandmeans.house.gov/media-center/press-releases/ways-and-means-committee-votes-release-investigation-irs-s-mandatory

Attachment E will be made available on the Committee's website as soon as possible.

Article updated.

Original article -

A House committee made public six years of former President Donald Trump's tax returns Friday, the culmination of years of legal wrangling and speculation about what might be contained in the filings.

The House Ways and Means Committee had voted to make the thousands of pages of returns public in a party-line vote last week, but their release was delayed while staffers redacted sensitive personal information like Social Security numbers from the documents.

The panel's top Republican, Rep. Kevin Brady of Texas, has called the release of the documents "unprecedented," and said it will "jeopardize the right of every American to be protected from political targeting by Congress." n a video statement last Friday, Trump called the planned release "an outrageous abuse of power," and falsely claimed that Democrats had "illegally obtained and leaked my personal tax returns, which show only that I've had tremendous success."

Some of the returns were also from Trump's businesses. A39-page reportfrom the Joint Committee on Taxation released last week included summaries from Trump's personal tax forms and business entities, which showed he's been paying relatively little in taxes.

[bucolic_frolic]

1. The Defeated Former Guy said he would release them, then they were under audit forever

So he had his chances to step up like a patriotic American pol. He blew it.

[CaptainTruth]

16. +1

[musclecar6]

2. Aw Gee

The worlds biggest ConMan, liar and a cheat seems to be upset when he told us over and over and over that he would release his taxes except he was under audit. Remember that. Course now we come to find out he never was under audit, he was hiding something. So now when it’s released he should be OK with that but of course he’s not because he’s always up to something trying to hide something he shouldn’t be doing.

It’ll be interesting when his tax returns are gone over by people that know what to look for, over the next few days. I’m sure it’ll all be on the up and up, first time in his life, and it will be nothing to see there.

[mahatmakanejeeves]

3. The newest CR shown at their website is the one for December 27, 2022.

https://www.congress.gov/congressional-record

[BumRushDaShow]

5. They just uploaded the zip file (I added the link in the OP comments)

TGIF

[bullimiami]

4. Now there needs to be an investigation of the irs.

Trump can’t be the only blatant rich tax cheat who has been conveniently overlooked.

It can’t be funding as this would have more than paid for itself.
He was convicted of cheating in like 1987 and after that they didn’t think he needed close supervision?

[BumRushDaShow]

7. In this case, both Steve Mnunchin and Charles Rettig

and not necessarily "the IRS" as many are just grunt civil servants and contractors. The purveyors were the-then 45 Treasury Secretary (Mnunchin) who refused to allow the release and Rettig (the-then IRS Commissioner), who apparently stalled and obfuscated the whole thing.

When it comes to all the other blatant cheats, they have accountants and lawyers who got paid well to take every advantage of all the tax loopholes that the little person can in no way even come close to exploiting. The last "major" (there have been many smaller mods since) modification to the tax code was the tax giveaway to the rich in 2017.

[bullimiami]

9. This seems to predate them for decades. Institutional failure or corruption.

It’s one thing to take full advantage of the very skewed tax loopholes.
Straight up cheating is another.
Common people are in trouble for it every day.

[BumRushDaShow]

10. That but also a horrible tax code that can be exploited

by those "in the know" with the money to pay accountants to do it.

The fact that what was exposed with the 2007 global economic meltdown and UBS plus all the other Swiss accounts issues - notably the Credit Suisse leak (let alone the havens like the Cayman Islands), gives one an idea of how much of a nightmare it is to do anything.

I.e., the tax laws need to be completely revamped but attempts to do so always seem to lead towards a "simplification" that slams the bottom of the financial totem pole time and time again.

As long as the wealthy can "write off" just about anything, there will be a problem.

[TheRickles]

13. The working class pays taxes, the middle class pays accountants, the upper class pays politicians.

Not sure where that quote originates, but it's pretty accurate, unfortunately.

[BumRushDaShow]

15. That sums it up nicely

and I have seen that quote before too - but it's been awhile.

[dalton99a]

6. Kick

[LetMyPeopleVote]

8. House panel releases Trump tax returns in another setback for former president

This makes me smile

Link to tweet

https://www.washingtonpost.com/politics/2022/12/30/trump-tax-returns-congress/?utm_source=alert&utm_medium=email&utm_campaign=wp_news_alert_revere&location=alert

The House Ways and Means Committee on Friday released Donald Trump’s tax returns, dealing yet another setback to the former president and 2024 White House candidate as he faces multiple federal and state investigations.

The Democratic-led panel released the financial documents for six years, capping a protracted legal and political battle that could have been prevented had Trump followed presidential precedent and released his returns voluntarily.

Democrats have pushed for more than three years to make Trump’s tax returns public, and the documents were finally made available to the Ways and Means Committee late last month after the Supreme Court denied a last attempt by Trump to withhold the records......

“The American people want to have trust that the most powerful individual in this country, who has vested in them all the powers of the executive branch, is making decisions based on the interest of American people and not their own self financial interest,” Rep. Jimmy Gomez (D-Calif.), who sits on the Ways and Means Committee, said in an interview.

[MichMan]

11. Complete tax returns of every single person in Congress, Cabinet, and SC all need to be available

to be viewed by the public anytime. Same for state and local

[ificandream]

12. I hope he's stewing big time today.

[Lonestarblue]

14. I know it's bad of me, but I hope he's getting ready to have a stroke!

[Bayard]

20. I hope McDonald's doesn't run out of french fries

[QED]

17. Now it's time for the talking heads to explain it all.

[dlk]

18. After tax attorneys have had some time to review them

They may have some new and interesting insights.

[judesedit]

19. While I'm still paying $25 a month to pay off $1500 from a few years ago when I didn't pay enough.

And I make less than $15,000 a year after Medicare Part B. Shameful. I'll be paying for a few years probably. And that mf'r pays nothing.