Posted on 05/11/2016 2:59:49 PM PDT by Grim
Former Republican presidential nominee Mitt Romney blasted Donald Trump on Wednesday after his successor hinted that it is unlikely he will release his tax returns before the November election.
"It is disqualifying for a modern-day presidential nominee to refuse to release tax returns to the voters, especially one who has not been subject to public scrutiny in either military or public service," Romney wrote in Facebook post.
"There is only one logical explanation for Mr. Trump's refusal to release his returns," he wrote Wednesday. "There is a bombshell in them. Given Mr. Trump's equanimity with other flaws in his history, we can only assume it's a bombshell of unusual size."
(Excerpt) Read more at washingtonexaminer.com ...
I try and pay the FEDS the minimum..always. Period.
I hate the Fed's...I hate the IRS. I hate taxes....
I pay probably 50% of my earned $$ in taxes...of some sort or another.
That's wrong....When plenty of people are paying nothing...but getting thousands.
Is jealousy, and envy a Mormon attribute?
I don’t think that Mitten’s concern over tax returns has anything to do with Trump’s assets. Tax returns involve income. Romney still hasn’t gotten over how bad it was when Harry Reid challenged him. The real reason he wants the tax returns is that Trump’s are so complex that you can find anything in them and twist it up to look bad.
Perhaps you expected me to roll over and play dead upon your presentation of totally irrelevant snippets of factoids. Your comments are based upon supposition of what you think you know about how the IRS works. My comments were made based upon 40 years experience, 14 within the IRS. The “lawyer’s blog” you excerpted mentions a technique frequently used by the IRS to avoid the very policy I mentioned. The auditor will ask the taxpayer to bring copies of their tax returns for several years before or after the current year being audited so they may look for potential audit issues without actually “selecting” those years for examination. This technique skirts the policy about successive audits. That policy doesn’t apply unless the tqx returns are formally selected. If the IRS finds additional tax on those returns they will formally select them because the policy doesn’t apply if they find irregularities.
I assume Trump hires competent tax lawyers (but maybe he doesn’t), who would—or should—know about the IRS tricks and could call the IRS’s bluff. Certainly you are correct the IRS audits the rich more often, but if the IRS doesn’t find anything three years in a row a competent attorney could make the IRS follow their own policy. If Trump is to be believed about consecutive audits it can only mean they are finding things that result in additional taxes. If Trump disputed such findings his lawyers would file a court case, which are public record. Since neither Trump nor anyone else has found such court cases leads me to call B.S. on Trump’s claim he can’t submit his tax returns until after the audit(s) are completed.
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