Trump’s excuse since day 1 for not releasing his tax returns has been that his lawyer won’t allow him to do so because he’s under audit. After seeing the “doctors note” from Trump’s fake doctor who doesn’t exist, and remembering the fact that Trump acted as his own PR guy under a fake name, I think we all know this mystery lawyer who “won’t allow him to release them” also is about as real as your average unicorn.
His IRS story has become so convoluted and baloney-laden that even high-ranking Republican-era officials are debunking it. Former IRS Commissioner Fred Goldberg, who was the guy in charge of the organization under George Bush Sr, penned a scathing takedown of Trump’s tower of lies on CNBC.
The first two pages of his enormous tax returns, along with his Schedule A, will shed important light on these claims. The first two pages plus the Schedule A of the Clintons’ 2015 tax return tell us they made $10.6 million; that they made charitable contributions of $1.0 million; and that they paid federal taxes of $3.6 million, for an effective tax rate of 34 percent. We have that same information about the Clintons for the past 20 years. The first two pages of Trump’s tax returns, together with his Schedule A, would provide us with the same information for him. He can and should share that information with no audit risk whatsoever.
Nothing prevents us as taxpayers from choosing to release our tax returns — and those who aspire for the highest public office have done so for decades. And they do so precisely because their returns provide a window (for better and worse) into who they are. Inevitably, his refusal to release his returns raises a question: What is Trump hiding?
Releasing this information would have no impact on any pending or future IRS audit of Trump. Zero. None. It is a risk-free first step with no downside.
While painting a far from complete portrait, it would answer a few of the questions that Trump himself has raised during the campaign: He claims that he makes a lot of money; he claims that he makes significant charitable contributions; and he claims that he reduces his tax liability as far as current law allows. It could provide insight into Trump’s record in business, such as more information about his important sources of income (real estate, domestic and off-shore investments) and the tax impact of debt forgiven in his bankruptcies.
Even Trump’s new campaign manager, Kellyanne Conway, was critical of him in the days before he hired her. When she was a free-range conservative pundit, she said he needed to be more transparent and should release the returns. Now that she ruined her career by joining his team, she suddenly changed her mind.
Perhaps one day we will see what Trump is hiding.I’m sure it’ll be fine, because Trump has the greatest taxes. He has the best tax returns. Everyone says how his are the best and he’s been very successful at taxes during his lifetime. In reality it will probably show a failure of a businessman who has spent a lifetime squandering an inherited fortune on fast money gimmicks like Vince from ShamWow.