Posted on 02/26/2016 2:22:17 PM PST by Cincinatus' Wife
Donald Trump claims he can't release his tax returns until he's done being audited by the IRS. But the federal agency on Friday said that's not true.
"Federal privacy rules prohibit the IRS from discussing individual tax matters. Nothing prevents individuals from sharing their own tax information," a spokesperson for the IRS said in a statement.
The Republican presidential front-runner's refusal to release his tax documents came up repeatedly during Thursday's GOP debate, hours after former Republican nominee Mitt Romney suggested that Trump's reluctance stems from the possibility there might be a "bombshell" in his taxes.
"I want to [release them], except for many years, I've been audited every year," Trump said during the debate. "Twelve years, or something like that. Every year they audit me, audit me, audit me. Nobody gets audited - I have friends that are very wealthy people. They never get audited. I get audited every year. I will absolutely give my return, but I'm being audited now for two or three years, so I can't do it until the audit is finished, obviously. And I think people would understand that."
While the IRS claims nothing is preventing the billionaire from releasing the information, Steven Golburd, an attorney specializing in tax law, told the Washington Post Friday it may indeed be in Trump's best interest to keep them private.
"Think of an audit as an investigation, an on-going investigation," Goldburd said. "Any person that has legal counsel, their legal counsel will say, 'If you're under investigation, you should not be talking to the media, you should not be talking to anyone other than your legal counsel or through your legal counsel.'"
Trump doubled down on his refusal to release his returns during a campaign rally Friday in Fort Worth, Texas. The billionaire told the crowd that Romney didn't release his tax returns until Sept. 21, 2012 - less than two months before voters cast their ballots in the 2012 presidential election.
Poor Teddy Bares! LOSERS ALL! Poor CW, his boy is losing again!
Oh get off this. Is that the best ‘lose with Cruzers’ can do?
Donald will show his files.
Romney waited until a month before the election.
What’s the dang hurry?
There you go making sense when a bunch of haters are trying to find anything at all to keep this inevitable nomination from happening.
Fact is he never has to release them and I hope he doesn’t just to drive the establishment types further over the edge.
That was my first thought. IRS has no business even discussing this matter.
It's not about the timing - it's about The Donald's latest lie.
Hear, hear...
I honestly don’t give a hoot if he ever releases his tax records.
Actually, I don’t think he should release his tax returns at all. But if he decides to, why not jab the GOPe by releasing it on the same day that Romney released his.
I believe Trump said no lawyer would let you do it and I can see why. The public will learn next to nothing by looking at Trump’s tax return. The net worth is shown in the audited financials which have alreasdfy been turned in.
Why stop there? Why don't we require copies of credit reports and all savings and checking account information?
I just don't see the purpose of 1040's being released....others do.
Why stop there? Why don't we require copies of credit reports and all savings and checking account information?
I notice you didn't answer my question.
Easy way out huh? Call someone a name and wash yourself of reasoning. Thinking is so much harder than mob-think.
Donald has inoculated himself from criticism in the minds of 30% - 40% of the GOP. Its called Cult-of-Personality and leaves 60-70% of GOP and near 100% of Dem’s that won’t elect him president. Its a perfect scheme to elect another Clinton.
Btw, I’m a long time Freeper, way before most people heard of Karl. I am hurt seeing how low my beloved FR has sunk.
You should decry IRS getting involved in the political process. I thought you were a conservative?
The worst part is there are people here cheering it on.
I’m sure his taxes are legal. I’m more concerned about his electability if it becomes known that Casino’s are NOT the dirtiest business with which he’s involved.
Dem’s and MSM have largely laid off Donald, keeping their real powder dry until the general. If you think they made mincemeat out of Too-Many-Houses-To-Remember-McCain, or Cold-hearted-Vampire-Captialist-Mitt, they’ll pummel Trump mercilessly and no-one will take a second look at Hillary.
The IRS is commenting because they are TOLD to comment.
The point of this charade is to keep the GOP nomination process in chaos until Hillary has the Dem’s nomination. This keeps the GOP focused on each other, and weakens the entire eventual ticket.
If Donald manages to secure the GOP nomination, he can do any number of things to ensure he doesn’t beat his acknowledged good friend and deliver them another POTUS (using the same formula the Clinton’s used in ‘96 and ‘92 with Perot).
Im sure his taxes are legal. Im more concerned about his electability if it becomes known that Casinos are NOT the dirtiest business with which hes involved.
Dems and MSM have largely laid off Donald, keeping their real powder dry until the general. If you think they made mincemeat out of Too-Many-Houses-To-Remember-McCain, or Cold-hearted-Vampire-Captialist-Mitt, theyll pummel Trump mercilessly and no-one will take a second look at Hillary.
Ah, the old “they do it too” defense. A tried and true classic liberal spin.
://www.fool.com/investing/general/2016/01/31/this-presidential-candidate-wants-to-cut-social-se.aspx
Alumni, roommates, law clerks, former staffers in the George W. Bush campaign and White House (and the president himself), members of Congress and others who have known Cruz â lots and lots of people â consider him socially awkward, nasty, dishon
httpest, a blatant apple-polisher and all-around creepy guy. You can write off a few of these critics as jealous of his success, or liberal antagonists, but all of them? There is something badly amiss here. Cruz, who so obviously lacks emotional intelligence, cannot recognize it, but those closest to him surely must see that something is awry...
Ted Cruz the senator: Heard but not seen
The Texas Republican seriously lags most of his colleagues in attending hearings and casting votes.
Ted Cruz came to Washington two-and-a-half years ago pledging to be the anti-senator. But he’s been more like the no-show senator.
The Texas Republican seriously lags most of his colleagues in attending hearings and casting votes in what has been a Senate career long on rhetoric and short on Senate business.
He’s skipped the vast majority of Armed Services Committee hearings, is below-average in attendance on his other major committees and ranks 97th during the first three months of this year in showing up for roll call votes on the Senate floor. ... -Read more: Ted Cruz the senator: Heard but not seen
image
Ted Cruz the senator: Heard but not seen
The Texas Republican seriously lags most of his colleagues in attending hearings and casting votes.
View on www.politico.com
Preview by Yahoo
Seniors, Ted Cruz wants to cut your Social Security benefits:
http://www.fool.com/investing/general/2016/01/31/this-presidential-candidate
One of the things Cruz would like you to forget:
His father fought along side Fidel Castro
He wants to Cut OUR SENIORS SOCIAL SECURITY
http://www.fool.com/investing/general/2016/01/31/this-presidential-candidate-wants-to-cut-social-se.aspx
Research reveals his associates and former associates refer to him as a liar, oily, player of dirty tricks, a suck up untrustworthy and worse.
AND THIS: OMG
http://aattp.org/flashback-rafael-cruz-calls-son-ted-cruz-an-anointed-king-responsible-for-the-end-time-transfer-of-wealth/
And he, as well as Rubio are weak on immigration and stopping the muslim invasion.
Ted Cruz Was a Smelly, Terrible Roommate
Ted Cruz Was a Smelly, Terrible Roommate
Allegedly.
View on nymag.com
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Happy to clear this up for you!
Here is a video asking all those question with Erin Burnett who cover the topic with Senior Tax Council.
Topic is concisely covered in 2 minutes. Done.
1. High net worth typically audited
2. Does not show net worth
3. Should not release during audit
4. Does not show all contributions
https://twitter.com/ErinBurnett/status/703381546091343873
Look up "Hatch Act" in your search engine.
Whoever came out with this arrogant, thinly-veiled statement (attack) on Trump should be immediately sacked and facing charges and a hefty fine.
Leni
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