Maybe the reason he doesn’t want to release his tax returns.
He pays no taxes………
‘Today, as the presumptive Republican presidential nominee, Trump regularly denounces corporate executives for using loopholes and “false deductions to “get away with murder” when it comes to avoiding taxes’.
“They make a fortune. They pay no tax,” Trump said last year on CBS. “It’s ridiculous, okay?”
‘The disclosure, in a 1981 report by New Jersey gambling regulators, revealed that the wealthy Manhattan investor had for at least two years in the late 1970s taken advantage of a tax-code provision popular with developers that allowed him to report negative income’.
‘Donald Trump Twice Paid No Federal Taxes, Government Report Shows’
@ : http://abcnews.go.com/Politics/donald-trump-paid-federal-taxes-government-report-shows/story?id=39259669
STERN : “Very dark blacks, or light-skinned blacks?”
‘Trump responded with, “assortment… against whites.”
‘Throughout this presidential race, Donald Trump has said a number of racist things that have drawn outrage from those who have a soul and merriment from those who are pure evil’.
‘Some were wondering if Trump has just been saying these things to pander to Republican voters, but new audio reveals he’s always done some pretty racist things’.
‘For instance, back in 2005 while on Howard Stern’s radio program, Trump brought up the fact that he put thought into doing a season of The Apprentice that would feature black people versus white people. Fortunately, NBC knew that idea wasn’t going to fly’.
‘Trump told Stern and his co-host Robin Quivers’:
“On ‘The Apprentice’ there was a concept, okay, thrown out by some person, nine blacks against nine whites. And it would be nine blacks against nine whites, all highly educated, very smart, strong, beautiful. Do you like it? Do you like it, Robin?”
“I think you’re gonna have a riot.”
‘But Trump being Trump, said’:
“It would be the highest-rated show on television.”
‘Then when Stern asked’:
“Very dark blacks, or light-skinned blacks?”
‘Trump responded with, “assortment… against whites.”
This may have me actually voting for Trump.
Imagine a year after being elected he is impeached for tax evasion.
Even Republicans would have to vote to impeach him. It’s hard to call the poor ‘freeloaders’ and take away their small benefits while the leader of your party makes Billions and pays nothing.
‘As recently as last week, Trump said he was “willing to pay more” taxes personally and that “taxes for the rich will go up somewhat” if he becomes president’.
‘This spring, as Trump flew to campaign rallies around the country aboard his trademark private jet, the state of New York filed a tax warrant to try to collect $8,578 in unpaid taxes from the Trump-owned company that owns the Boeing 757. The company has since paid that tax bill’.
‘At least three dozen times, Trump companies’ unpaid tax bills have forced the New York State Department of Taxation and Finance to go to local courts to get liens against his properties to try to collect overdue bills’.
‘New Jersey also had to go to court for a lien to collect a Trump company’s unpaid tax bill. Eventually, those disputes were resolved, and his companies paid some amount of taxes’.
‘In documents rarely seen by the public, Trump’s businesses regularly minimize the value of his properties for tax purposes. Publicly, including in his presidential financial disclosure report, Trump’s team declares many of those same properties are worth tens of millions of dollars more’.
‘He’s fought tax collectors to lower the assessed values of his luxury golf courses in Briarcliff, N.Y., and Jupiter, Fla. Yet on his presidential financial disclosure report, he valued each at more than $50 million’.
‘In some cases, Trump’s businesses have disputed tax assessments; in others, they have simply not paid the tax bill until after the government took additional action’.
‘In New York, for example, there are dozens of tax warrants against Trump businesses. Tax warrants are filed only after the state has exhausted all other options to collect what’s owed’.
“You have to ignore us to end up with a tax warrant,” said Geoff Gloak, spokesman for the state Department of Taxation and Finance. “We try to work with taxpayers to resolve the debt, long before it becomes a warrant.”
‘In addition to the five tax warrants since his announcement, there are additional New York state tax warrants dating to the years before Trump became a candidate, including $1,580 in unpaid taxes in 2010 for Trump Mortgage, his failed mortgage venture, and $1,747 in unpaid taxes in early 2015 against Trump Entrepreneur Initiative, once known as the troubled Trump University, which was later paid’.
‘Trump Mortgage owes federal taxes from 2006 and 2007 totaling more than $4,800, according to two federal tax liens filed in New York’.
‘Trump’s businesses have sued the New York City Tax Commission 55 times from the mid-1990s through 2011, disputing the city’s property assessment values on everything from apartment complexes once owned by his father to his core buildings and companies’.
‘Trump-related companies have become embroiled in disputes over sales taxes owed to New York state and New York City. Tax warrants on file in New York County court found that over the past 27 years, Trump entities owed about $300,000 in back taxes, which were eventually paid’.
‘A settlement hinged on Trump agreeing not to develop the Mar-a-Lago land into individual lots, said Jay Jacknin, outside counsel for Palm Beach County’s appraisal’s office. Last year, the county assessed the property at about $20 million — though Trump’s federal financial disclosure form values it at “more than $50 million.”
‘Similarly, just up the road in Jupiter, Fla., Trump bought the Ritz-Carlton Golf Club and Spa in 2012 for a reported $5 million, then renovated it. For the past three years, his team has appealed the assessed value, of $13.7million as of 2015. In his financial disclosure forms, Trump claims that the course on 285 acres is worth “more than $50 million” and that it throws off more than $12 million in revenue’.
‘In Westchester County, N.Y., Trump has taken an aggressive approach toward the town of Ossining regarding the taxable value of Trump National Golf Club in Briarcliff Manor’.
‘The battle gained national prominence, after an investigation in September 2015 by The Journal News, which is part of the USA TODAY NETWORK, of the club’s audacious bid to slash its taxable value by 90%’.
‘Town Assessor Fernando Gonzalez valued the 140-acre complex at $14.3 million (a valuation since increased to $15.1 million) — but Trump’s team countered that it was worth $1.4 million. For perspective, a three-bedroom villa built at Trump National’s 16th hole on a separate tax parcel sold in 2005 for $2.4 million and was recently on the market for almost $2 million’.
‘The Briarcliff property is among 20 developments on Trump’s financial disclosure report that he values at “more than $50 million” — accounting for $1 billion of his net worth that Trump claims totals $10 billion’.