Trump's Business Tax Returns: Where The Action Is

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The House Ways & Means Committee Chair is reportedly about to make a formal request for 10 years of President Trump’s tax returns. But what specific tax documents does the committee need to review to fulfill its oversight responsibilities?

Initially, Neal may request only the president’s personal returns, according to recent. Reviewing Trump’s individual income tax returns would give Neal a broad overview of Trump’s financial profile—as we saw with previous presidents. The personal returns would, for example, reveal the amount of taxes that Trump paid relative to his taxable income. This effective tax rate measures whether someone pays a “fair share” of taxes.

Trump’s personal tax returns also would provide some details of his income and deductions. Congress would learn how much he made in salary or wages, total business income, and investment income. It would learn if he paid any foreign taxes. The Form 1040 and schedules would show what deductions he claimed. For example, how much did he contribute to charity? And it would show if, and where, he paid state taxes.

However, the information from a personal tax return is only an overview. Trump, unlike other recent presidents, from ongoing and highly complex business relationships. As such, the Ways & Means panel also needs his business tax returns to fully untangle his financial interests and conflicts.“For wealthy individuals [like Trump], individual tax returns sometimes only provide a brief financial overview linked to numerous other conclusions and entities.

Thus, to fulfill Congress’s oversight responsibilities, Chairman Neal also should request Trump’s business returns, with accompanying schedules. Most importantly, Neal should demand the returns of the

 

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and realDonaldTrump should get right on that, just like the DOJ complied with all of Congressman Nunes's subpoenas for documents. 😂😂😂 Ignorance is bliss.

Congress WILL LOSE this hateful communists desire to find a crime to fit Trump. You who cheer them on are the worst of all The Subpoenas can not be enforce and if you are to dumb to know that well wait of course u all are you are out hear cheering congress LMAO

All of them. When one is a money laundering tax fraud and cheat, all of them.

ALL THE DOCUMENTS where Donny THE FUCKSTAIN Trump got away with crimes

That abuse of power

The democrats will do anything to divide the country with this us vs. them ideology. Continuing to try to keep a dark cloud over trump until 2020. Government no longer works for its citizens. Time for term limits

I support full transparency unless the request sought after is based upon prejudice or used as a delay tactic. Thus far, from a legal perspective there's enough prejudice and bad faith to float a sunkin battlership.

No, he should refuse.

All of them. Criminality knows no borders except if you get a Reagan judge.

None. Which is exactly what they'll get. Give it up TDS'ers. Trumps your President for another 6 years.

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