Congressional panel votes to release Trump’s tax returns

[NewOrleans]

A House panel voted along party lines Tuesday to release former President Trump’s tax returns, an unprecedented move that marks the culmination of a years-long legal battle to disclose his financial records.

www.latimes.com/politics/story/2022-12-20/congressional-panel-votes-to-release-trumps-tax-returns?_amp=true

(I predict there’s nothing to see but broke as hell)

[basilosaurus]

Liar liar is what I expect. Criminal is what I hope it exposes.

[NewOrleans]

WHERE ARE THEY? ::rattles bars::

[pixy0stix]

Gift link - wapo.st/3BUB3ia

A lot of the information parsed and parceled.

[Bad Dingo]

The argument that this sets a horrible precedent is ridiculous. Don't lie on your taxes and you have nothing to worry about.

I'm sure this is a problematic opinion on some level but I have no problem having elected officials' and Supreme Court Justices' taxes being scrutinized.

[basilosaurus]

Dec 21, 2022 10:27:03 GMT -5 NewOrleans said:

WHERE ARE THEY? ::rattles bars::

Rattles bars on tfg's future care cage

[Velar Fricative]

Dec 21, 2022 12:19:20 GMT -5 Bad Dingo said:

The argument that this sets a horrible precedent is ridiculous. Don't lie on your taxes and you have nothing to worry about.

I'm sure this is a problematic opinion on some level but I have no problem having elected officials' and Supreme Court Justices' taxes being scrutinized.

I think anyone who runs for federal office or is appointed to a public-serving federal role should have to share tax returns. After this crazy story about George Santos, I realized it's ridiculous that we have no standards (or pretend to have them, with ethics committees that won't do anything) for people who run for office but those of us who just need a regular paying job have to go through the ringer with background checks, drug tests, and much more depending on the job. 

[pixy0stix]

MSNBC says the redacted tax returns will be released tomorrow.

[NewOrleans]

Dec 21, 2022 12:19:20 GMT -5 Bad Dingo said:

The argument that this sets a horrible precedent is ridiculous. Don't lie on your taxes and you have nothing to worry about.

I'm sure this is a problematic opinion on some level but I have no problem having elected officials' and Supreme Court Justices' taxes being scrutinized.

Not being transparent also sets a terrible precedent. 

So does overthrowing the government, but apparently that increases your chances of re-election. 🥳

[NewOrleans]

Dec 21, 2022 13:05:03 GMT -5 Velar Fricative said:

Dec 21, 2022 12:19:20 GMT -5 Bad Dingo said:

The argument that this sets a horrible precedent is ridiculous. Don't lie on your taxes and you have nothing to worry about.

I'm sure this is a problematic opinion on some level but I have no problem having elected officials' and Supreme Court Justices' taxes being scrutinized.

I think anyone who runs for federal office or is appointed to a public-serving federal role should have to share tax returns. After this crazy story about George Santos, I realized it's ridiculous that we have no standards (or pretend to have them, with ethics committees that won't do anything) for people who run for office but those of us who just need a regular paying job have to go through the ringer with background checks, drug tests, and much more depending on the job. 

The lack of ethics standards for SCOTUS is egregious. 

All of this ::waves hands:: is bananas. Jobs and landlords check people’s credit ratings, but Presidents and lifelong Justices— pshaw. 

[NewOrleans]

Dec 21, 2022 14:29:04 GMT -5 pixy0stix said:

MSNBC says the redacted tax returns will be released tomorrow.

Perfect! I’m off for the holidays. 😎

[NewOrleans]

lololll Pixy’s article but he is totally clean: The release of Trump’s tax information is the most sweeping such action taken by Congress in a half-century. A similar action involving a president has not occurred since 1973, when the IRS turned over President Richard M. Nixon’s tax returns to a congressional committee.

I wish we could know what the laundered Russian money looks like in the returns. (Even typing that out makes me seethe with rage about Yanukovych and Manafort)

[MixedBerryJam]

Dec 21, 2022 10:28:09 GMT -5 pixy0stix said:

Gift link - wapo.st/3BUB3ia

A lot of the information parsed and parceled.

THIS MAKES SO MUCH MORE SENSE THAN PART AND PARCEL WHICH IS WHAT I’VE BEEN SAYING MY WHOLE LIFE

[MixedBerryJam]

Dec 21, 2022 12:19:20 GMT -5 Bad Dingo said:

The argument that this sets a horrible precedent is ridiculous. Don't lie on your taxes and you have nothing to worry about.

I'm sure this is a problematic opinion on some level but I have no problem having elected officials' and Supreme Court Justices' taxes being scrutinized.

Yeah, it sort of reeks of “don’t carry weed if you don’t want to get stopped” but I feel the same. BUT, it’s his choice to commingle all the finances so that we get to see it all. It’s not the same as seeing Joe Schmoe from down the street’s 1040.

[TR]

Dec 21, 2022 17:27:09 GMT -5 MixedBerryJam said:

Dec 21, 2022 10:28:09 GMT -5 pixy0stix said:

Gift link - wapo.st/3BUB3ia

A lot of the information parsed and parceled.

THIS MAKES SO MUCH MORE SENSE THAN PART AND PARCEL WHICH IS WHAT I’VE BEEN SAYING MY WHOLE LIFE

I mean…“part & parcel” is the phrase. But that phrase isn’t what pixy0stix was saying so her wording also makes sense.

[pixy0stix]

Dec 21, 2022 17:40:55 GMT -5 TR said:

Dec 21, 2022 17:27:09 GMT -5 MixedBerryJam said:

THIS MAKES SO MUCH MORE SENSE THAN PART AND PARCEL WHICH IS WHAT I’VE BEEN SAYING MY WHOLE LIFE

I mean…“part & parcel” is the phrase. But that phrase isn’t what pixy0stix was saying so her wording also makes sense.

Yes, I took some liberties and changed it.

[MixedBerryJam]

Dec 21, 2022 17:51:25 GMT -5 pixy0stix said:

Dec 21, 2022 17:40:55 GMT -5 TR said:

I mean…“part & parcel” is the phrase. But that phrase isn’t what pixy0stix was saying so her wording also makes sense.

Yes, I took some liberties and changed it.

Ok then. TR ignore the pm I just sent

[TR]

Dec 21, 2022 17:53:36 GMT -5 MixedBerryJam said:

Dec 21, 2022 17:51:25 GMT -5 pixy0stix said:

Yes, I took some liberties and changed it.

Ok then. TR ignore the pm I just sent

lol too late, I already seized the chance to be pedantic lol

[MixedBerryJam]

Dec 21, 2022 18:20:55 GMT -5 TR said:

Dec 21, 2022 17:53:36 GMT -5 MixedBerryJam said:

Ok then. TR ignore the pm I just sent

lol too late, I already seized the chance to be pedantic lol

Sorry. I just got back from eating my frozen pizza, which makes me the cliché one

[Velar Fricative]

Trump's returns weren't audited by the IRS during his first two POTUS years despite their mandate to do so. I initially assumed it was due to underfunding of the IRS, but they managed to audit Obama's returns every year during his presidency AND Biden's returns every year he's been POTUS so far. Shady shady shady.

apnews.com/article/business-donald-trump-195e3d06db7c396fea69c2111a5cb98f

[neverfstop]

How do you lose >$75M in 3 years?!!?!?

[TR]

Dec 22, 2022 20:25:50 GMT -5 neverfstop said:

How do you lose >$75M in 3 years?!!?!?

Didn't he undervalue real estate or something?

[sofamonkey]

I believe he’s done several somethings. Under a grand in taxes paid for three years? Oh. Well then.

[basilosaurus]

Dec 22, 2022 21:22:04 GMT -5 TR said:

Dec 22, 2022 20:25:50 GMT -5 neverfstop said:

How do you lose >$75M in 3 years?!!?!?

Didn't he undervalue real estate or something?

That, and I'd have no doubt he shifted money in shady if not downright illegal ways to hide his true liabilities.

[Pom]

The ghost of Al Capone has entered the chat. “Lock him up.”

How much criminal shit is it going to take. Seriously.

[NewOrleans]

Dec 22, 2022 9:44:36 GMT -5 Velar Fricative said:

Trump's returns weren't audited by the IRS during his first two POTUS years despite their mandate to do so. I initially assumed it was due to underfunding of the IRS, but they managed to audit Obama's returns every year during his presidency AND Biden's returns every year he's been POTUS so far. Shady shady shady.

apnews.com/article/business-donald-trump-195e3d06db7c396fea69c2111a5cb98f

WTF.

I mean, I understand the desire to erase him and pretend those years didn’t happen, but wtf to this. 

[suburbanzookeeper]

They have been released!

Via Axios: www.documentcloud.org/documents/23559107-form-1040-2016-1

Via Politico: www.politico.com/news/2022/12/30/read-trump-tax-returns-pdf-00074830

[rubytue]

WP gift link wapo.st/3Q3rpzD

[sent]

Dec 23, 2022 8:51:17 GMT -5 Pom said:

The ghost of Al Capone has entered the chat. “Lock him up.”

How much criminal shit is it going to take. Seriously.

From my tax notes when I took a lecture at the Holiday Inn, you only go to jail if you fail to report income.

You don't go to jail if you take improper deductions. You pay a fine and fees. The WaPo article mentions this about TFG's case.

Regardless, it is always very interesting to read how the rich deduct their helicopters while regular people worry about gas prices at the pump. 

[jwright]

As a CPA, I have been interested in seeing the returns, but they are mostly worthless without the supporting documentation. There’s a lot that raises my eyebrows but you can’t tell whether anything is legit without asking more questions.

I will say after looking at the returns and reports; it’s super frustrating that none of these returns were audited. We get information on “hot issues” each year which Trumps return hit in spades for millions and he wasn’t even looked at. Why am I freaking out about a relatively aggressive ~$1000 deduction for a small business when Trump has multimillions in sketchiness without a second glance?