Because people care 2 years into his first term about whether he REALLY made or lost money in the 80s.
The only people that will care are already voting against him.
And trying to explain tax shelters, non-cash losses, etc., would take an eternity for these nitwits.
I’m not going to pay attention to any of this media crap.
Some government employee needs to be outfitted for an orange jumpsuit for leaking in violation of the privacy laws.
I saw a hit piece in the NYT today that they got Trump’s tax transcripts, which, first of all is against the law for whoever provided them to the NYT. It claimed that he “hadn’t paid tax” and was a “bad businessman” because his casinos had NOLs of $1.1B or something. It was borderline slander. I know the media sucks, but this really was atrocious.
They know nothing of the tax law and they paint a picture of either illegality or incompetence so that people who don’t understand the tax law will think ill of Trump. Who does that serve?
*I* KNOW the tax law and I can tell you the best result for ANY business is Book Profit - Tax Loss. Every year. Consistently. It’s not easy to pull off, but that’s what you’d want to do. WANT to do. The notion that his businesses generate NOLs is bad is ridiculous.
Didn’t Amazon lose $$ for its first 15-16 years or so?
I don’t want to look at my own tax return and I’m sure not interested in Trump’s return for this year or any year.
He probably signs a hundred returns or more a year and I’m willing to bet he doesn’t look beyond the signature page.
I am not saying Trump did anything untowards tax wise but....I think the statute of limitations on tax fraud is only 3 years.
Let me get this straight. The tax code was created by Congress. Trump uses it to his advantage as do most Americans. Now they want to chastise him for using the very system they created?
Got it.
There’s no question why this ten year period was chosen by the liberal hacks to “disclose” Trump’s tax records (however accurate or inaccurate the “disclosures” are). This was the time of the “Savings and Loan Crisis”. The major changes in the tax laws wiped out many savings and loan associations, and the real-estate investors who borrowed from them. I know, because my wife’s once wealthy uncle was nearly wiped out then, too. Many savings and loan associations, banks, and investors were wiped out then. Only the smart ones, like Trump, survived.
If anyone in Congress gets upset over Trump’s legal use of the tax code, their response should be to join me in scrapping the entire tax code and going with a low, fixed, universal, flat tax with no deductions, credits, exclusions or exemptions - just a simple flat tax everyone pays.
Why isn’t anyone talking about the illegality of this tax record being distributed?