Fantasy Football - Footballguys Forums
supermike80

Why are President Trump's Tax Returns Important?

Recommended Posts

Just now, The General said:

I have been saying this for pages with crickets.

I am not surprised GB...not surprised at all :lol: 

  • Like 1

Share this post


Link to post
Share on other sites
On ‎4‎/‎13‎/‎2019 at 5:53 AM, The Commish said:

That dude's gonna be pissed you are linking him :lol:

Yeah, it's happened before.  People don't pay attention to who they are linking.  What a dope.

Share this post


Link to post
Share on other sites
19 minutes ago, TheCommish said:

Yeah, it's happened before.  People don't pay attention to who they are linking.  What a dope.

Whoa, I had no idea! In my defense, the only way to tell if you have the right person as you're typing is if you recognize the little icon that pops up. My apologies to @TheCommish as well as @The Commish! It won't happen again. (Well, at least not with you guys. I'll probably screw it up with two other similarly named accounts).

Share this post


Link to post
Share on other sites
9 minutes ago, zftcg said:

Whoa, I had no idea! In my defense, the only way to tell if you have the right person as you're typing is if you recognize the little icon that pops up. My apologies to @TheCommish as well as @The Commish! It won't happen again. (Well, at least not with you guys. I'll probably screw it up with two other similarly named accounts).

:lmao:  No worries...at least from me  ;) 

  • Like 1

Share this post


Link to post
Share on other sites
1 minute ago, The Commish said:

:lmao:  No worries...at least from me  ;) 

Of course not. You already have to live with your reputation. "No-space" guy is the one being unfairly smeared. :lol:

Share this post


Link to post
Share on other sites
1 minute ago, zftcg said:

Of course not. You already have to live with your reputation. "No-space" guy is the one being unfairly smeared. :lol:

:lmao:  Touche......I am hoping he begins posting here more frequently...it will seriously #### this place up!!!!!

  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites
3 minutes ago, The Commish said:

:lmao:  Touche......I am hoping he begins posting here more frequently...it will seriously #### this place up!!!!!

It would be the greatest source of political-related confusion since multiple Robert Caseys ran for statewide office in PA in the '70s:

Quote

Restricted from seeking another term as Auditor General of Pennsylvania, Casey declined to seek the office of Pennsylvania Treasurer in 1976. Instead, a county official who was also named Robert Casey won the Democratic primary and the general election, spending virtually no money and doing virtually no campaigning; voters merely assumed they were voting for the outgoing Auditor General. In 1980 the Republicans launched an extensive advertising campaign to clarify that "Casey isn't Casey," and the Democratic state treasurer was defeated for re-election, losing to R. Budd Dwyer.

In 1978, yet another candidate named Robert P. "Bob" Casey, a different Robert Casey, this one a teacher and ice cream parlor owner, likewise received the Democratic party's nomination for Lieutenant Governor, again with a no-spending, no-campaigning strategy. This Casey, who joined Democratic gubernatorial nominee Pete Flaherty, narrowly lost to Richard Thornburgh and William Scranton III.

 

  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites
5 hours ago, The Commish said:

:lmao:  Touche......I am hoping he begins posting here more frequently...it will seriously #### this place up!!!!!

Funny thing is I was just congratulating myself on being able to distinguish you and @NCCommish

New goal: Avoid mixing up @stlrams (who I think leans right) and the guy with a Rams helmet as his logo (who leans left; I think it's @dkp993?) There've been a couple times where I did a double take because the answer wasn't what I was expecting, only to realize I was thinking of the other one. I've seen other posters make the same mistake, so at least I know it's not just me.

OK, back on topic and no more tagging people, I promise! I just realized this entire digression was the result of a dopey joke I made about a secret liberal cabal.

Share this post


Link to post
Share on other sites
10 minutes ago, zftcg said:

Funny thing is I was just congratulating myself on being able to distinguish you and @NCCommish

New goal: Avoid mixing up @stlrams (who I think leans right) and the guy with a Rams helmet as his logo (who leans left; I think it's @dkp993?) There've been a couple times where I did a double take because the answer wasn't what I was expecting, only to realize I was thinking of the other one. I've seen other posters make the same mistake, so at least I know it's not just me.

OK, back on topic and no more tagging people, I promise! I just realized this entire digression was the result of a dopey joke I made about a secret liberal cabal.

Well, it's no real "secret" if you keep talking about it!!!!!!

Share this post


Link to post
Share on other sites
57 minutes ago, tank said:

The Democrats can't beat Trump the normal way, so they have to find "anything" to try to derail him getting his second term.

So there is something in his tax returns that would derail his campaign ?  Seems like a good case for them legally being disclosed.

Share this post


Link to post
Share on other sites
On 4/16/2019 at 8:49 AM, Sheriff Bart said:

Before Trump if there was a thread started "Why are President ("X" no party affiliation) tax returns important" there would only be about 15 replies because everyone would that it's a dumb question. 

Seriously, NOBODY would say "oh candidate/president x doesn't want to show their tax returns? No problem, nothing at all fishy about that."

Share this post


Link to post
Share on other sites
17 hours ago, tank said:

The Democrats can't beat Trump the normal way, so they have to find "anything" to try to derail him getting his second term.

Just to be clear, Democrats aren't investigating Trump. Congress is investigating Trump. Just because Republicans in Congress aren't supporting the effort, doesn't mean that it's just "the Democrats" investigating him.  This is one of the purposes of Congress, and they took an oath to support and defend the Constitution. 

  • Like 3

Share this post


Link to post
Share on other sites
On 4/10/2019 at 11:12 AM, timschochet said:

To me they’re only important because he refuses to show them- first President in almost 50 years to refuse. That makes me curious. 

This is the only reason for it. 

We probably would see how Trump uses the tax code to his advantage, and that he probably doesn't pay that much in taxes (as a percentage of income).  Trump probably wants to hide that.  His tax returns are probably much more complicated that any other President's tax returns.

Personally, Trump should release at least part of it, and show what he actually pays in taxes, and what his taxable income is per year.

Share this post


Link to post
Share on other sites
On 4/14/2019 at 2:34 PM, Sheriff Bart said:
On 4/14/2019 at 12:21 PM, SaintsInDome2006 said:

My position is clear, I just don’t think yours flushed out. But it’s clearer now.

I just think it helps. You obviously support the IRS commissioner obeying the law. If Trump doesn’t get a court order then presumably the commissioner must provide the returns. I’d agree with that. He’s missed one deadline but he must respond by the 23rd or he’s breaking the law, and again you appear to oppose that. You and I would apparently agree on that.

Prediction, Trump doesn't get a court order. The 23rd arrives and Trump’s taxes aren't turned over and nothing happens because nothing matters anymore. 

Not exactly right as Trump has sued to prevent turning over his taxes which is terrifying to him for some reason.

Share this post


Link to post
Share on other sites
5 minutes ago, Sheriff Bart said:

Not exactly right as Trump has sued to prevent turning over his taxes which is terrifying to him for some reason.

Actually he's sued to prevent his financial firm from turning over his financial records.  The IRS is just refusing to turn over his tax records, IIRC, even though there's no legal standing for them to do so. Today is the deadline that was set by Congress and so far nothing.  

  • Like 1

Share this post


Link to post
Share on other sites
4 hours ago, fightingillini said:

This is the only reason for it. 

We probably would see how Trump uses the tax code to his advantage, and that he probably doesn't pay that much in taxes (as a percentage of income).  Trump probably wants to hide that.  His tax returns are probably much more complicated that any other President's tax returns.

Personally, Trump should release at least part of it, and show what he actually pays in taxes, and what his taxable income is per year.

It's more than that.  He could also be laundering money (as has been alleged), fraudulently over valuing his assets (as has been alleged), fraudulently under valuing different or even the same assets (as has been alleged), failing to report income (ahba) or have income that is difficult to explain, like a bunch of foreign income from countries where he'd made friendly rulings recently (ahba). It probably won't be a personal check made out to cohen with a memo saying for that porn star hush money, but remember that he actually did pay for that with a personal check,  according to cohen.  The fact he's going out of his way to avoid making them public is only mildly suspicious - he allegedly had cohen threaten people not to release his SATs. It's entirely possible that he doesn't want people to know how little money he really has, or find out about certain failing businesses, or that he told his accountant that the J in Donald J Trump stands for Genius. 

  • Like 1

Share this post


Link to post
Share on other sites
21 minutes ago, bostonfred said:
28 minutes ago, Sheriff Bart said:

Not exactly right as Trump has sued to prevent turning over his taxes which is terrifying to him for some reason.

Actually he's sued to prevent his financial firm from turning over his financial records.  The IRS is just refusing to turn over his tax records, IIRC, even though there's no legal standing for them to do so. Today is the deadline that was set by Congress and so far nothing.  

The IRS piece is really odd. Has anything changed here. What I recall is that Mnuchin - who isn't supposed to have any role in this - spoke for the IRS commish and said that Treasury legal was looking it. - Since then, nothing? Maybe tomorrow's the day if the 23rd was the deadline.

I mean, they gotta say something.

Share this post


Link to post
Share on other sites
38 minutes ago, SaintsInDome2006 said:

The IRS piece is really odd. Has anything changed here. What I recall is that Mnuchin - who isn't supposed to have any role in this - spoke for the IRS commish and said that Treasury legal was looking it. - Since then, nothing? Maybe tomorrow's the day if the 23rd was the deadline.

I mean, they gotta say something.

Like I posted on 4/14 "The 23rd arrives and Trump’s taxes aren't turned over and nothing happens because nothing matters anymore." 

Share this post


Link to post
Share on other sites
10 minutes ago, Sheriff Bart said:

Like I posted on 4/14 "The 23rd arrives and Trump’s taxes aren't turned over and nothing happens because nothing matters anymore." 

https://www.reuters.com/article/us-usa-trump-tax-mnuchin/mnuchin-says-he-cannot-meet-deadline-to-turn-over-trump-tax-returns-to-house-panel-idUSKCN1RZ2FX

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday he cannot comply with a demand by a House of Representatives committee to turn over President Donald Trump’s tax returns “until it is determined to be consistent with law.”

In a letter to House Ways and Means Committee Chairman Richard Neal, Mnuchin said he expected to have an answer to the committee’s demand by May 6 after consulting with the Justice Department. The committee had set a 5 p.m. EDT (2100 GMT) Tuesday deadline for the Internal Revenue Service to turn over Trump’s returns.

Share this post


Link to post
Share on other sites

I for one am shocked at the continued delays, but at least the impartial justice department will be weighing in on the unambiguous law. 

  • Like 2

Share this post


Link to post
Share on other sites
5 minutes ago, bostonfred said:

In a letter to House Ways and Means Committee Chairman Richard Neal, Mnuchin said he expected to have an answer to the committee’s demand by May 6 after consulting with the Justice Department. The committee had set a 5 p.m. EDT (2100 GMT) Tuesday deadline for the Internal Revenue Service to turn over Trump’s returns.

Aside from slow rolling everything this seems like some sort of procedural jockeying because whoever sues is going to look like the impatient bad guy, and they also don't want to show their hand.

Edited by SaintsInDome2006

Share this post


Link to post
Share on other sites
14 minutes ago, bostonfred said:

https://www.reuters.com/article/us-usa-trump-tax-mnuchin/mnuchin-says-he-cannot-meet-deadline-to-turn-over-trump-tax-returns-to-house-panel-idUSKCN1RZ2FX

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday he cannot comply with a demand by a House of Representatives committee to turn over President Donald Trump’s tax returns “until it is determined to be consistent with law.”

In a letter to House Ways and Means Committee Chairman Richard Neal, Mnuchin said he expected to have an answer to the committee’s demand by May 6 after consulting with the Justice Department. The committee had set a 5 p.m. EDT (2100 GMT) Tuesday deadline for the Internal Revenue Service to turn over Trump’s returns.

What a joke. 

Share this post


Link to post
Share on other sites

I know it's been asked dozens of times why people think it's important for Trump to disclose his tax returns but has anyone ever asked others why they don't think it's important?

Share this post


Link to post
Share on other sites
14 hours ago, bostonfred said:

It's more than that.  He could also be laundering money (as has been alleged), fraudulently over valuing his assets (as has been alleged), fraudulently under valuing different or even the same assets (as has been alleged), failing to report income (ahba) or have income that is difficult to explain, like a bunch of foreign income from countries where he'd made friendly rulings recently (ahba). It probably won't be a personal check made out to cohen with a memo saying for that porn star hush money, but remember that he actually did pay for that with a personal check,  according to cohen.  The fact he's going out of his way to avoid making them public is only mildly suspicious - he allegedly had cohen threaten people not to release his SATs. It's entirely possible that he doesn't want people to know how little money he really has, or find out about certain failing businesses, or that he told his accountant that the J in Donald J Trump stands for Genius. 

That's fair.  I definitely would like to see how Trump uses the bankruptcy laws to his advantage.  While I am not convinced that Trump did anything illegal (doesn't the IRS audit him every year?), it is definitely suspicious that he hasn't released his tax returns.

Share this post


Link to post
Share on other sites
1 hour ago, fightingillini said:

That's fair.  I definitely would like to see how Trump uses the bankruptcy laws to his advantage.  While I am not convinced that Trump did anything illegal (doesn't the IRS audit him every year?), it is definitely suspicious that he hasn't released his tax returns.

There are serious allegations of crimes that would not necessarily be uncovered in an IRS audit, but would require financial records.  Congress is investigating because that's their job.  The IRS is refusing because.. something. 

https://youtu.be/4zmgQDRU6v4

Start around 57 seconds into it - there's a lot of allegations made by cohen about tax schemes, under valuing assets, tax fraud, etc.  

Share this post


Link to post
Share on other sites
16 hours ago, bostonfred said:

https://www.reuters.com/article/us-usa-trump-tax-mnuchin/mnuchin-says-he-cannot-meet-deadline-to-turn-over-trump-tax-returns-to-house-panel-idUSKCN1RZ2FX

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday he cannot comply with a demand by a House of Representatives committee to turn over President Donald Trump’s tax returns “until it is determined to be consistent with law.”

In a letter to House Ways and Means Committee Chairman Richard Neal, Mnuchin said he expected to have an answer to the committee’s demand by May 6 after consulting with the Justice Department. The committee had set a 5 p.m. EDT (2100 GMT) Tuesday deadline for the Internal Revenue Service to turn over Trump’s returns.

"In a letter to Congress, President Trump said he cannot comply with their impeachment of him until it is determined to be consistent with law"

 

 

Share this post


Link to post
Share on other sites
4 minutes ago, [scooter] said:

"In a letter to Congress, President Trump said he cannot comply with their impeachment of him until it is determined to be consistent with law"

I think you're joking, but i can't be sure because he literally just said as much today. 

https://www.independent.co.uk/news/world/americas/us-politics/trump-impeach-supreme-court-tweet-congress-mueller-report-democrats-a8884241.html?utm_source=reddit.com

  • Like 1

Share this post


Link to post
Share on other sites
8 hours ago, [scooter] said:

"In a letter to Congress, President Trump said he cannot comply with their impeachment of him until it is determined to be consistent with law"

He’s begging to be impeached. 

Share this post


Link to post
Share on other sites
2 minutes ago, 2Squirrels1Nut said:

So the primary reason might not be there's nefarious activity it's because he's broker than broke.  

 

Good luck with that, real estate is red hot right now and valuations are insanely high. You are creating issues that aren’t there. 

Share this post


Link to post
Share on other sites
16 minutes ago, GoBirds said:
19 minutes ago, 2Squirrels1Nut said:

So the primary reason might not be there's nefarious activity it's because he's broker than broke.  

 

Good luck with that, real estate is red hot right now and valuations are insanely high. You are creating issues that aren’t there. 

Oh, I guess that puts us back to nefarious activity then. 

  • Thanks 2

Share this post


Link to post
Share on other sites

No real surprise, the tax returns show exactly what we already knew, that Trump is a fraud and a criminal.  Also no surprise, his supporters will spin this as some sort of hoax or find a way to twist it into a positive.

I'm ready to seize the means of production.

 

  • Like 14

Share this post


Link to post
Share on other sites

As someone who wrote a check for $7600 to the IRS after already paying $36K in withholdings in 2019 one could say I’m not very pleased right now. 

  • Like 4
  • Thanks 1
  • Sad 1

Share this post


Link to post
Share on other sites

For everyone complains about how much they pay in taxes - and that is why they vote for Trump - you wouldn't have to pay as much, if Trump and his ilk paid their fair share...

  • Like 7
  • Thanks 1
  • Thinking 1

Share this post


Link to post
Share on other sites

Good thing he's an honest dude, otherwise a guy as broke as he is would be pretty susceptible to bribery if someone were to offer millions of dollars for political favors.

  • Like 2
  • Laughing 1

Share this post


Link to post
Share on other sites
30 minutes ago, Grace Under Pressure said:

As someone who wrote a check for $7600 to the IRS after already paying $36K in withholdings in 2019 one could say I’m not very pleased right now.

Damn man.  I paid in too, but not at a level of $21 an hour.  

Share this post


Link to post
Share on other sites

Nothing says alpha male more than a dude writing off $70,000 in hair appointments as a business expense. 

Edited by bigbottom
  • Like 3
  • Love 1
  • Laughing 5

Share this post


Link to post
Share on other sites

The beauty of these tax returns - if Trump sold all the businesses he runs himself, and just kept the investment income from the businesses that other people manage - he actually would be quite successful.  

Share this post


Link to post
Share on other sites
3 minutes ago, beef said:

Damn man.  I paid in too, but not at a level of $21 an hour.  

Tell me all about it I-friend. Imagine cutting a check for $7600 a couple months back, that’s after the $36K withholding, and then hearing about this.

I drive a 2011 Pilot with 92,000 miles on it. Wife and I have each been working for 25+ years and haven’t taken a vacation in 5 years. I guess I’m just a loser and a sucker though. Sorry about making it so personal about me, but this time it’s just too flipping far and I suspect I’m not alone.

  • Like 1

Share this post


Link to post
Share on other sites
1 minute ago, Grace Under Pressure said:

Tell me all about it I-friend. Imagine cutting a check for $7600 a couple months back, that’s after the $36K withholding, and then hearing about this.

I drive a 2011 Pilot with 92,000 miles on it. Wife and I have each been working for 25+ years and haven’t taken a vacation in 5 years. I guess I’m just a loser and a sucker though. Sorry about making it so personal about me, but this time it’s just too flipping far and I suspect I’m not alone.

Why? 

Share this post


Link to post
Share on other sites
12 minutes ago, AAABatteries said:

Why? 

Working hard for my daughter: sold 3 houses, purchased 2 to get her in the best school district we could, summer camp, dance, extra math lessons, we ran our own small camp during the pandemic summer. Also I’m sure we could have, and I could also drive a more expensive car. But it’s not about me anymore, it’s all for her.

And to know that the level of personal responsibility we all have to take on as Americans for healthcare, for retirement security, and to do everything we can for our families, and to see this silver spoon inheritance baby steal from America and have his children live a yacht and private jet lifestyle makes me sick and I doubt I’m alone in that. 

  • Like 4

Share this post


Link to post
Share on other sites

One thing that might be important:

Trump has $420M worth of loans that come due during what would be his second term.

I think it might be important to understand who those lenders are, and whether they are getting favorable treatment from the President or other government entities.

  • Like 4

Share this post


Link to post
Share on other sites

Trump was so broke in 2016 that he only had to pay $750 in federal taxes.

 

Yet, he claims to have self-funded his presidential campaign.  I wonder where that money came from.  🤔

  • Thinking 2

Share this post


Link to post
Share on other sites

I think there's a word for presenting yourself as President based to no small extent on your financial success and prowess, while in reality you're worthless and not really good at any of it. I think the word is ... fraud?

Share this post


Link to post
Share on other sites
2 hours ago, Sinn Fein said:

The beauty of these tax returns - if Trump sold all the businesses he runs himself, and just kept the investment income from the businesses that other people manage - he actually would be quite successful.  

If he had invested his inheritance in an index fund and paid normal taxes he’d be way ahead of where he is today after all his genius dealmaking. 
 

  • Like 3
  • Thanks 1
  • Laughing 1
  • Thinking 1

Share this post


Link to post
Share on other sites
2 hours ago, Sinn Fein said:

He has burned everyone that supports him.  Yet, his supporters don't care.

He's still irritating the libs, right?  ;)

  • Like 2

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.