by Bill Corden
Can we see The New York Times’ tax returns, those of the Washington Post, Amazon and Google and see how they themselves write off millions of dollars in expenses for PGA golf tournaments, pro sports sponsorships, tennis tournaments etc.? Can we see how much they claim as business expenses for items that are essentially personal expenses?
I didn’t think so!
The problem I have with the release of these records is that 99% of the population have no clue what they mean and the 1% who do, want to use them as a hatchet.
In reality, Donald Trump doesn’t have anything to do with his returns, he just spends the money and lets accounting do the paperwork.
His accountants are paid to take advantage of every loophole possible and they, by their very nature, use these loopholes to the limit.
Trump (or any major executive for that matter) has to sign the final return but he has no clue as to the content and neither do the denizens of the NYT, the WaPo or any of the other corporate entities.
So, the moment one piece of info made public looks suspect, the ignorant jackals of the press jump all over it and make hay.
My own income is too insignificant to worry about such matters but I do think I have the right to keep my affairs private and to keep any audit reviews private.
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4 Responses
So, in summary: “If this wealthy tycoon who became President of the US doesn’t paid next to nothing in taxes, it can’t be his fault, it’s his accountants’ fault! What about these other rich people, go worry about them instead of worrying about him!”
Complete nonsense. Also it doesn’t logically follow that because you, a private citizen, have an expectation of privacy when it comes to your financial dealings that the same should apply to seekers of the highest public office in the land. Donald (The Demagogue) Trump’s steadfast refusal to release his tax returns broke a political tradition (one in a lengthy list) which goes back to 1968.
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“In the four years since, Fox viewers had become even more accustomed to flattery and less willing to hear news that challenged their expectations. Instead of understanding his narrow win in 2016 as the upset it was, they were told forecasters were going to be wrong again. Me serving up green beans to viewers who had been spoon-fed ice cream sundaes for years came as a terrible shock to their systems.”
WASHINGTON — An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny after a report published by a congressional panel found the agency failed to perform the mandatory inspection of Donald Trump’s returns until Congress pressed for information about the process.
[…]
The report released Tuesday by the Democratic majority on the House Ways and Means Committee said the process, which dates to 1977, was “dormant, at best” during the early years of the Trump administration.
By comparison, there were audits of President Joe Biden for the 2020 and 2021 tax years, said Andrew Bates, a White House spokesman. The first determined the Bidens were due an additional federal income tax refund, Bates said by emails. The second, for 2021, “found that they owed an additional $13, which could have been waived under IRS policy but they chose to pay.”
IRS mandatory presidential audit policy goes under spotlight
– The Associated Press
They’d no right to do this. Just another action of our tyrannical administration.
Have you noticed how everyone has slunk away from heavy criticism?
That’s because there’s nothing there.
And all of the vilifiers are now terrified of making accusations, because they’re doing the same thing with their own tax returns.