Gee whiz, I wonder why Cy Vance wants to get trump's tax records. He must be some new guy that doesn't know what in the heck he's doing. Hopefully he will check in to HROT and see that he's just wasting his time and our tax dollars. amirite repubs?
Trump's financials
- Thread starter SSG T
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I find the claim that there isn't much in his returns to be full of bullshit, to be frank. The behavior of the investigators, Trump, and the courts are all pretty good signs that whatever is in his returns could be critically damaging. I'm not sure why some are downplaying their importance?
A sitting president committing tax fraud, bank fraud, and a host of other financial crimes is no big deal to you?
I'm pretty amazed at how hard it is to understand how tax returns are an important piece of the puzzle.
AND WHO HE DOES BUSINESS WITH.
Those aren't strawmen; they are public records to check against his tax numbers and claims
You clearly have no understanding as to why tax records matter.
The MAGAs will do anything to assert "they don't matter". To the point of absurdity.
"Those aren't on tax returns, except for where they are on tax returns"
LOLOLOLOL
Who he does business with is not on a tax return.
Who he borrows from is not on a tax return.
Who he gives money to (other than charitable) is not on a tax return.
Can some useful information be found - yes, but much less than you think.
You think you're knowledgeable on this subject, but you just aren't.
Why are you (and the software engineer) so fascinated on focusing strictly on tax returns? That's not the only paperwork no longer blocked.
You're correct that the "Who" is not listed on the tax return. BUT, the activity is going to be shown, or at least it should be. The ability to see what activities (income and expenses) are reported and in what amounts will create the foundation for the investigation to then track down underlying accounting and transaction records to see if they match up or they don't. In other instances, the investigators may already have the underlying records; now they can see if those transactions were reported appropriately.
That you want to limit your discussion/earlier comments to "just the tax returns" is rather self-serving in that this whole discussion thread is about the implications for the investigation now that the investigators have additional pieces of the puzzle.
He was performing the activities of office while concealing his financial history. This could have (and it is widely felt) effected his decisions that had national interest and security implications.
A seriously indebted person elected to the presidency is compromised. This is something that cannot be allowed or tolerated, regardless of party. His possession of national security information remains a security issue.
He will be a problem for the United States for a long time.
And, as I've already noted: MANY of those transactions are things that exist in public records. Particularly when they relate to property sales, etc.
The world would have been better off to have not have some figures reside in it. The Orange Turd is one. The cost has yet to be determined.
This thread is full of people making ignorant statements about "taxes" and what a release of "taxes" would uncover. I have only skimmed a few news stories, none of which define in detail what Trump "tax returns" that are going to be released to the NY AG. Is it only his personal Form 1040 tax returns? This would provide some information, but very little detail as to the business transactions in which his business entities engaged. To really get more details, the returns of all Trump related taxable entities would be needed and even then, those would likely provide only a little detail about particular business transactions. Trump likely has hundreds of related business tax entities, varying from wholly owned entities to those in which he had a minority interest. If the AG is interested in pursuing criminal charges, the tax returns of Trump personally would provide very little support and the tax returns of related business entities, would provide a little more, but still only a small piece of the puzzle.
Hope so. I see no evidence that he would not win the GOP nomination in 2024 if he runs. He clearly has an overwhelming influence over the Republican party right now. You agree?
the amount of people who don’t understand IRC and then try to accuse the other tribe of fraud is mind blowing. Just stop.
you literally cannot get to this position in America without having a lot to hide. It’s the system we’ve created, mainly due to people like those who post about politics all day.
Capital gains (or Loss) if there was a sale of property. Or if gifting property.
Ahh, the everyone does it, so it's okay that my guy did it defense, cut in with the snide put down post. I've been wondering when you'd jump into this thread.
I guess we will see if the tax returns were important to the investigators soon enough.
If it’s not already in the tax return information for his personal side ,the interest paid to an individual or bank most certainly should be in there which also tells you your loans just like your statement from the bank. If interest isn’t matching reported interest they can dig into the supporting docs that need to be retained. Regarding business returns you obviously have no clue about business, the balance sheet has short term loans and long term loans and any cpa worth their salt puts the institution or individual loaning the money on the tax return. You also cannot give more than 15000 per an individual on the personal without doing a gift tax return, on the business side you can’t give more than $600 to an individual or entity that is not a C Corp without doing 1099’s. I assume all relevant tax reports are being requested and not just 1040, 1065, or 1120’s. The tax returns will just allow them to go to the next step and get all banking information and then they can do a full audit essentially.
Love the display of business acumen from the defenders of a business failure.
He actually was. He'll be a good president but he wasn't the best candidate. A good candidate would have beat Trump by 8pm on election night.
No they wouldn't have. Not when Trump's base would never leave him. The greatest candidate in history isn't going to break a cult member from their cult leader.
I'm saying this as someone who had Biden at 19 out of 20 Democratic candidates.
right. And now think how the Capital gains or losses would be calculated vs how the building would be valued for lending purposes.
