NYT publishes Trump tax returns

[Axtremus]

@Mik said in NYT publishes Trump tax returns:

What legitimate interest does the committee have to seek his tax returns, ...

https://www.npr.org/2022/11/22/1136846873/supreme-court-trump-tax-returns

"The House Ways and Means Committee argued that it needs the information contained in Trump's tax returns to meaningfully evaluate the IRS's presidential audit program. The Committee says it is considering implementing greater legislative oversight of financial activities conducted by presidents. In particular, it is investigating whether the current IRS audit program is able to adequately enforce the nation's tax laws against a president, like Trump, who has complex business holdings."

These rationales have passed muster with multiple court reviews and appeals.

[George K]

HEre's the law:

(f)Disclosure to Committees of Congress
(1)Committee on Ways and Means, Committee on Finance, and Joint Committee on Taxation
Upon written request from the chairman of the Committee on Ways and Means of the House of Representatives, the chairman of the Committee on Finance of the Senate, or the chairman of the Joint Committee on Taxation, the Secretary shall furnish such committee with any return or return information specified in such request, except that any return or return information which can be associated with, or otherwise identify, directly or indirectly, a particular taxpayer shall be furnished to such committee only when sitting in closed executive session unless such taxpayer otherwise consents in writing to such disclosure.

Emphasis mine.

Seems that the committee is acting outside the word of the law in its release of the information. But then, the New York Times did it a long time ago and there was no prosecution.

[jon-nyc]

This went to Scotus. Maybe even twice.

[George K]

@jon-nyc said in NYT publishes Trump tax returns:

This went to Scotus. Maybe even twice.

To release publicly, or just to the committee?

Is the law I cited outdated?

[Axtremus]

Maybe Trump will file a lawsuit to block the public release of his tax returns.

[89th]

Let me guess, Trump’s taxes confirm he is a loser much more than he’s a winner. Shall I list his bankrupt companies again? I haven’t seen anything yet but I’m pretty confident Trump’s best asset is his ability to communicate and fool others into think he’s more successful than he actually is.

[Renauda]

@89th

Appears that he is just occasionally a loser.

[Copper]

Once again, the law means nothing when it comes to Mr. Trump

What a loser, hahaha

[Jolly]

@Copper said in NYT publishes Trump tax returns:

Once again, the law means nothing when it comes to Mr. Trump

Law means nothing when Good must triumph over Evil! Or, at least Evil personified.

[Axtremus]

https://thehill.com/policy/finance/3785840-why-democrats-released-trumps-tax-returns/

The Hill's attempt to report on why the Democrats released Trump's tax returns.

[bachophile]

Business expense

[George K]

@bachophile I looked over and under where I could find something close to being that outrageous. Came up short.

[Mik]

@Axtremus said in NYT publishes Trump tax returns:

https://thehill.com/policy/finance/3785840-why-democrats-released-trumps-tax-returns/

The Hill's attempt to report on why the Democrats released Trump's tax returns.

What utter hogwash.

[Jolly]

The one person who lost money...

https://hotair.com/david-strom/2022/12/23/about-those-trump-tax-returns-n519691

[George K]

Did he do anything illegal? If so, prosecute away.

If you're outraged, change the tax code.

I doubt that he was personally involved with these returns. This is how accountants make a living.

[George K]

@George-K said in NYT publishes Trump tax returns:

prosecute away.

Is anyone going to be prosecuted for breaking Federal law in this case.

[Axtremus]

@George-K said in NYT publishes Trump tax returns:

Did he do anything illegal? If so, prosecute away.

If you're outraged, change the tax code.

I doubt that he was personally involved with these returns. This is how accountants make a living.

If the principal haven't done anything dubious to begin with, the accountant would have no raw material with which to craft questionable tax returns. After all, the accountant still make money when preparing 100% honest tax returns, with lower risks too.

[Axtremus]

@George-K said in NYT publishes Trump tax returns:

@George-K said in NYT publishes Trump tax returns:

prosecute away.

Is anyone going to be prosecuted for breaking Federal law in this case.

There is already a guilty plea:
https://www.nbcnews.com/news/amp/rcna57372

[George K]

@Axtremus said in NYT publishes Trump tax returns:

If the principal haven't done anything dubious to begin with, the accountant would have no raw material with which to craft questionable tax returns.

If you're really innocent, you don't need a lawyer, and you certainly don't need the 5th amendment, right?

There is already a guilty plea:
https://www.nbcnews.com/news/amp/rcna57372

@Axtremus good.

Now prosecute the House Ways and Means Committee for the same crime.

[taiwan_girl]

As I said way way way back when, there are probably two reasons President Trump did not want to release his tax return

he wasn't as smart a business man as he claimed and didn't make as much money
he didn't donate very much money to charity

I think if they examine the returns, I think both will probably be true.