Clearly he thinks disclosing what is in his tax returns is going to be more damaging than the flak he is getting by not disclosing them, but to claim it will prove his "net worth" is an incredibly dumb statement that Choosy can't seem to walk back.
I agree that his charitable donations, or lack thereof "could" be quite damaging to his campaign. Whatever is in there, he doesn't want the voters to know....They're bringing up Bill Clinton's trips on a sex offender's airplane. Only at the very end of the long article did Fox mention that Trump knew the guy too.
Of course, Trump's lawyer lied about how well Trump knew the sex offender so Trump may be reluctant to use this information against Hillary Clinton because Trump might be smeared with his own brush.
.....Trump claims he cannot release them because he's being audited by the IRS, the MSM will hound him until he either decides to release them or drops out of the race completely. I suspect Trump would rather drop out than be exposed to the world that he is not a billionaire as he lets on.
... then legally he can not submit himself to the people as a candidate for president.
It doesn't mean he wouldn't do the same sort of shenanigans Dick Cheney, the Bush's, and even the Kennedy's pulled during their times in power.
Even though it was part of his self-promoting and branding efforts, Trump has publicly revealed his income ($341 million annually) and acknowledged he pays as little tax as he has to.
There are plenty of really really powerful reasons to deny Trump the White House. Going after him financially, is not the way to do it. Except for Bernie Sanders, he might be the financially cleanest political candidate since Hubert Humphrey in 1972
and here he is, last man standing.
Can someone please point out to me just where your net worth appears on your tax return?
Has EVERYONE taken a sip of Laffy and Choosy's stupid juice? There might be some damaging items in his tax returns, but NOWHERE will his net worth be revealed in his tax return. Sheesh, it's like talking to five year olds about rocket science here sometimes.
I'm a fucking genius.
That said, Trump claims his net worth is 10 Billion; Forbes says 4; I have a strong hunch that his net worth is considerably less than the latter figure.
Lastly, the moron should release his tax returns; what the fuck is he hiding ?
I agree about his tax returns, It appears to be a calculated risk on Trumps part that the backlash over not releasing his returns will be smaller than what will happen if he does release them. That hardly makes him a moron, it could however make him a man with something to hide.
BTW claiming to be smarter than an idiot doesn't really make you that smart. It's like being runner up in the SPOTY competition. Does anyone really care if FatVern is "smarter" than fg or if it's actaully the other way around?
A candidates financial disclosure , which does not revel net worth, but is in some ways more telling than tax returns.
Having said that it is not required by law but traditional for candidates to release several years of tax returns.
While there are no legal restrictions, I'm sure his attorney's have advised him not to release the returns under IRS audit.
However, I think trump should release several years of returns that are not under IRS audit, with a statement giving reasons (that his opponents cannot refute) why he is not releasing the returns under audit
Thank You
2016 = 28
or even his “gross worth,” so all of the media reports implying otherwise are misleading. In claiming a 10 billion dollar plus net worth, Trump is probably valuing his real estate holdings at top dollar, if not an inflated top dollar. The tax returns at best will show only how much real estate taxes he has paid but property tax valuations are usually substantially less than FMV valuations.
And there is the matter of the Trump “brand” which has probably exploded in value because of the sui generis publicity he has received in running for president. I guarantee that if Trump loses the election, his licensing fees will go way, way, up when he returns to business.
Martha Stewart sold her “brand” for $350 million. Some say this was a quarter of its worth pre her indictment. Do you think she remotely compares with Trump? If her brand was worth 2 billion at peak value, what about Trump after the election? No one knows the value of the Trump brand today. I can see experts disagreeing on the value of the Trump brand by billions of dollars.
So I think while the tax returns will show gross and net income, this is a long way from showing Trump’s net worth. But he certainly will be at least a billionaire
Agreeing on a net worth at the level where Trump is, is about as likely as agreeing on a TER ten.
This was one of Mari's better posts, but I doubt anyone is going to confuse him with somebody actually smart. It does make him a hell of lot smarter than those who think Trumps net worth is going to be found in his tax returns.
...tossing in a Latin phrase in his post. It's really a stretch to call Trump's publicity "sui generis" but it's quite appropriate to take all of marikod's posts together and state that he's not a lawyer...res ipsa loquitur.
The only thing that Mari claims to be that hasn't been totally disproven is his claim to be an "unemployed porn star"
Time after time he has proven he most definitely doesn't understand even the basics about the law, investing, politics, etc. He is just more proof that a little knowledge can be quite dangerous in the age of the internet.
I will give him credit for largely getting this one right though. That gives him one or two small wins against dozens, or maybe even hundreds of losses.
I agree with you and Gag regarding the net worth issue: 1. Because of what both you and Gag has stated, but 2. once you get over a certain dollar value, pretty much everyone's eyes glaze over, and it becomes a non-issue. Nor, do I think the revelation about the amount of taxes he pays will be a big issue. I can't remember which Republican presidential candidate said it, perhaps Romney, that's it's patriotic to pay as little taxes as possible, and many people agree with that sentiment. I do think, what could prove to be somewhat damaging is if it's revealed, is that his charitable donations don't line up to what he has publicly claimed. Most people understand about quietly using charitable donations for tax purposes, but to boost about having made them, in public, and then find that they are baseless, I think that could hurt him.
Clearly he thinks disclosing what is in his tax returns is going to be more damaging than the flak he is getting by not disclosing them, but to claim it will prove his "net worth" is an incredibly dumb statement that Choosy can't seem to walk back.
I agree that his charitable donations, or lack thereof "could" be quite damaging to his campaign. Whatever is in there, he doesn't want the voters to know.
All that Trump’s personal tax returns likely will show is charitable giving to qualified organizations for which he claims a deduction. If he did not claim a deduction for a gift, or if he merely made a pledge like some of the pledges made to St. Jude, it will not be on his personal tax filings. Or, if he made a gift to an non-qualified charity like most foreign organizations, that is not deductible and will not be on his returns. An African ebola charity – not going to be on the return.
More significantly, Trump’s personal tax returns presumably will not show the charitable donations made by the Donald J. Trump Foundation, or the Eric Trump Foundation gifts to St. Jude, or any other charity he sponsors that is a legal entity, or their use of Trump property to run their charities. His gifts to these organizations would show up only if made in the year of the tax return released. So if he releases only the current year tax returns, for example, the return would not cover the prior years he funded these charities.
Finally, Trump’s personal tax returns will not show the charitable giving of the many companies he owns in whole or part. Supposely, he gives through some of his golf companies a lot of “free rounds of golf” that he claims as charitable gifts. That will not be on the returns either.
So while the media seems to think his tax returns will show “charitable giving” – and I’ve seen a number of talking head experts say this – there are so many exceptions to this that at best the returns will show the minimum he gave in any particular year, not the maximum he has claimed. Too much wriggle room for a guy as clever as The Donald