Politics Trump tax records are finally out

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THE HCP said:
My son worked part time at a movie theater last year for 4 months during his freshman year at college. While making minimum wage, he paid roughly $1,200 in taxes....... how could the idea that Trump is doing ANYTHING legally?
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Tax laws are setup to penalize people who get income from wages and reward those who get income from investments. especially real estate.
 
crandc said:
Many years ago, I did my taxes using Tax Act or TurboTax, can't remember which. I worked a low paid job and had a tiny bit of interest from a small savings account, nothing more. I accidentally transposed two digits. Yes, should have double and triple checked.

I was audited. I saw right away what happened. I sent an apology letter, explained the mistake, paid the difference. They returned my check saying they would send instructions. Instructions tacked on interest and penalties. I appealed on grounds it was honest mistake and not attempt to evade taxes, I was very low income and the interest and penalties would cause severe hardship. They denied appeal, and delay added more interest. I ended up paying about five times original amount.

IRS has had budget cut by anti tax Republicans so they now only audit poor people who don't have tax dodges and can't hire lawyers.
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You've always had to pay interest on honest mistakes if caught within three years or six years if the amount is large. If a small amount is not caught within three years, you are home free. If an honest mistake on a $2 Billion mistake is not caught within six years you are home free. If the $2 Billion dollar mistake is found to be fraudulent then you can be caught a thousand years later and pay a hefty interest charge on top of the $2 Billion principal.
 
tlongII said:
If he's filing his taxes legally I don't see a problem. Why would you pay more tax than you owe?
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You wouldn't but you can be scolded for lying.
 
julius said:
I hope enough people are motivated to vote in the election, and in that election, those extra voters take into account all of his fuck ups and vote against him. But this is the same country that thought it was a good idea to dump fresh, clean drinking water over our heads as a way to raise money for ALS, instead of just, you know, donating money.
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THIS! ^^^...therein lies the real problem. By some accounts 45% of Americans who were eligible to vote in 2016, stayed at home. If the same thing happens this year, the results will be the same. Not only will Trump be re-elected but we'll also continue to have the same people complaining about him for the next 4 years even though they didn't even bother to vote.
 
yankeesince59 said:
That's precisely the reason why he's being "audited".

Speaking of an IRS audit, anyone ever heard of an audit taking 4+ years to be settled?
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The fact you are being audited doesn't mean you've done anything wrong. I would expect many large organizations such as his to be audited regularly.
 
But Trump said he gets audited because he is a Christian.
 
tlongII said:
I didn't draw that conclusion from reading the article. That is possible, but nothing in the article says that the IRS does in fact believe he did something wrong.
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Yeah, the IRS wastes 10+ years auditing/investigating people with clean returns.
 
tlongII said:
Oh I see. So you're assuming.
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No, I'm reasoning...I've never personally been inside a refrigerator either but I'm pretty sure that the light goes out when the door is shut.

So you seriously believe there's a valid reason why Trump still refuses to makes his taxes public?
 
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If the audit is for nothing wrong, then release the taxes during the audit. What does it matter?
 
Hard to believe this only came out 10 days ago. Let's not forget it.

And then this today:

 
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