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Trump's taxes

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    Congress passed a law in 1924 that would REQUIRE Steve Mnuchin to turn over Trump's tax returns. Failure to do so could result in his being removed from office and spending 5 years in prison. The law also applies to the IRS commissioner and Mick Mulvaney, this acting White House Chief of Staff.

    https://www.thedailybeast.com/heres-the-law-that-requires-steven-mnuchin-to-turn-over-trumps-taxes-or-lose-his-office-and-go-to-prison

    In view of the fact that Trump lost two income tax fraud civil trials over his 1984 New York state and city tax returns, I suspect that there will be another meltdown coming sometime in the near future.

    (note: I typed "trump's tax returns into the search bar, but produce nothing. However, typing in the full name will pull up the thread that was started on April 9)

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    No matter how Trump might spin the narrative, there is no way this side of hell he, as president of US, will tax allow his tax returns made public. He will use all his presidential powers to prevent it from happening. If he needs to start a war as a huge long term distraction, promise pardons to have people commit a crimes on his behalf, so be it. IMO, he won't EVER let his tax returns be released without a lot (symbolically speaking) dead bodies.

    I'd rank this #1 on Trump's fear list. Think of it like a professional magician\illusionist that is forced to reveal how all his amazing tricks work, he looses that controlling factor (The Illusion) he has over his audience who is totally amazed by the false reality he created about himself. Based on what I have learned about Trump over the years, he is no billionaire, and all his wealth is traced back to 100s of millions he inherited, and the squander, from his father. My prediction is that his tax returns will show that he is 100% underwater, thus Trump properties are really owned and controlled by banks and others. Trump is nothing more than the Front man that keeps the illusion alive. I doubt he even has 500 million in assets, but even he does, he likely owes 750 million.

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    wwjd -- As I wrote in my 2017 blog article,

    "[Trump] owes the banks hundreds of millions of dollars but through threats and lawsuits has always managed to restructure the payment of those loans. And now he has even more leverage over his lenders because if he fails as president and is impeached or resigns, their ability to collect on those loans becomes more difficult if the Trump brand is permanently tarnished. They need Trump as much as Trump needs them."

    "Likewise, for any Russian oligarchs holding Trump loans, it is in their best interests to have Trump continue as president where they and Putin have leverage over him. Any public disclosure of Trump’s financial dealings including his tax returns could be devastating to not only the Trump global organization but also to the many banks and financial institutions that have been conned into loaning him money. They also need Trump as president as much as Trump needs them."

    It's like the old adage, if you owe the bank a $1,000 and cannot pay you have a problem. But if you owe the bank $10 million and cannot pay, the bank has a problem. The banks, the Russian and Saudi oligarchs, and others who have engaged in shady deals with Trump have every bit as much to lose as Trump if his taxes and other financials dealings are exposed to the public and regulatory authorities worldwide. The Trump organization will come crashing down, but maybe a few banks will have their reputations soiled along with it.

    He is highly leveraged, and theoretically probably owes more than his total wealth. Much of his so called "paper wealth" is the Trump brand name. If that is tarnished and goes zero or negative, then he may go bankrupt. Some businesses are already removing the Trump logo from their public signage because it is hurting profits.

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    wwjd/Schmidt, yes you both look at the picture correctly. In other words he will be protected by the "loaners"? But which ever way it is and remains an con-man who should be caught and justice should be done.
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    Again the wheels of justice turn very slowly; even when the tax returns are available, it will take lots of research to uncover the "facts" and "manipulations" which takes time; in the meantime he will even get worse at the job. But yeah all of this is an self inflicted wound by letting the "demand" for it sit for 2 years, because it is not an "black and "white" law, because if we would have had those returns BEFORE he got elected, then may be he was not elected.

    So my question is, is "someone" going to make it an "law"? I doubt it; they are way to busy to solve "z" before solving "a"

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    What is the point of getting Trumps tax returns????

    It will simply further solidify or build more support for Trump. If he paid zero taxes then he will become a hero to the overwhelming conservative people who hate big government.

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    Chet Ruminski Wrote:

    What is the point of getting Trumps tax returns????

    It will simply further solidify or build more support for Trump. If he paid zero taxes then he will become a hero to the overwhelming conservative people who hate big government.

    Chet. My guess is to show the people that he's super "corrupt" ; I don't call that an "hero" . If the "overwhelming conservative people hate big government why do they vote for a person who spends all the money for himself? As well wastes all the tax money on stupid things like placing the army at our border and wanting to built 8.6 billion "walls".

    Trump likely still owes billions of unpaid tax money; if I would do so I would be in jail.

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    "My guess is to show the people that he's super "corrupt""

    Only works in his favor. Trump was chosen by god according to most of his followers and he identifies with a lot more who have daily problems with people harassing them about work, money , bills , relationships etc ..... Attacking Trump won't work. Promising people a better life will.

    PS and don't forget the ones compelled to support him.

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    The Daily Kos reported this morning that the New York Times reporters who wrote an article about Trump's finances JUST WON THE PULITZER PRIZE!

    Let's see how the "tweeter in chief" spins this one..

    https://www.dailykos.com/stories/2019/4/15/1850587/-Reporters-at-The-New-York-Times-just-won-the-Pulitzer-for-exposing-Trump-as-an-Outright-Fraud?detail=emaildkre

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    To make things even more interesting for Trump, the Wall Street Journal ALSO won a Pulitzer Prize for reporting on ANOTHER Trump scandal - the payoffs to two women who had affairs with him:

    https://www.dailykos.com/stories/2019/4/15/1850560/-Pulitzer-Prizes-put-renewed-focus-on-two-huge-Trump-scandals?detail=emaildkre

    Boom!

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    But yeah if you have a bunch of crooked lawyers you always win. I bet the excuse will come from Barr that he's above the law thus does not have to pay any taxes and can screw any woman and pay them off; Jesus also said so, ask Jared. ha ha. What a country!! Barr will go to "heaven " for sure.
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    This morning, Trump filed a lawsuit in federal court this morning against House Oversight Chairman Elijah Cummings in an effort to block the subpoenas Cummings issued for Donald’s longtime accountant, Mazars USA LLP.

    http://dctribune.org/trump-sues-house-democrats-to-block-them-from-obtaining-his-financial-records-looks-even-more-guilty/

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    that guy in AZ Wrote:

    This morning, Trump filed a lawsuit in federal court this morning against House Oversight Chairman Elijah Cummings in an effort to block the subpoenas Cummings issued for Donald’s longtime accountant, Mazars USA LLP.

    http://dctribune.org/trump-sues-house-democrats-to-block-them-from-obtaining-his-financial-records-looks-even-more-guilty/

    Yes, the "mafia" is in charge; forget anything "normal" or " justice for all" May we should invite Moscow to deal with it. :-P

    Dock already started an "thread" about it. Yes it may be years before we get the real "tax" picture, unless an miracle happens. There are way too many "lawyers here, who profit from not having decent laws here; that is the problem.

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    Arizona, likely he did not even "file" and used the excuse it is "under audit" for years. Sorry but it is an total "cover up" and the Dem's should do everything they can to find out one way or another. If not, then the corruption continues and he won't pay any taxes whatsoever, not for the past 10 years or for the next 10 years. Wake up America you are being "conned" all the way.

    It should be possible to bypass all these "corrupt" bribed loyal lawyers; if not then forget this country.

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    While Democrats debated the merits of pursuing impeachment against Mr. Trump, his advisers signaled that the administration would resist efforts to obtain the president’s tax returns and force his former aides to testify. The refusals could lead to constitutional clashes in court as Mr. Trump seeks to stave off further inquiries into his personal and political matters.

    https://www.nytimes.com/2019/04/23/us/politics/trump-democrats.html?smid=nytcore-ios-share