Tag Archives: taxes

Verbatim

Graham Wants Candidate Tax Returns — in 2020

I think that prospectively what I’ll do is, any candidate running in 2020 needs to release their tax returns. You just make it a law.

— Sen. Lindsey Graham (R-SC), saying he wants all presidential candidates to be required by law to release their tax returns, starting in 2020, Politico reports. He then explained that the law would apply to Trump, “if he’s a candidate for president” in 2020.

Enumerati

The Screwing of Low-Income Workers Begins

$65.6 billion

Deep within the recesses of recent tax policy is an anti-fraud provision that will delay refunds for millions of taxpayers who file for two popular credits aimed at helping low-income workers. The change means that the 26 million workers claiming $65.6 billion of Earned Income Tax Credits for 2015 will not get money back from the IRS before Feb.15.

Verbatim

Trump’s Taxes Represent Something Deeper

The problem with Trump’s tax history is that it’s emblematic of something larger, a missing plank at the foundation of his campaign. I suspect he knows this too, which is why he so doggedly refused to release his returns, technically defensible as they are. … Simply put, there doesn’t seem to be any record anywhere of Trump having considered the public interest above his own. This isn’t me ripping into the guy for being rich or bombastic; it’s a genuine assessment of his record as a citizen and a celebrity. If there’s some evidence of Trump having served anyone but himself, ever, for more than one night at some red carpet benefit, I’d like to see it. … This is new in presidential politics. Going back to George Washington, American presidents have more or less fulfilled the ideal of citizen soldiers.”

Matt Bai

Enumerati

Most Americans Think It’s ‘Selfish,’ ‘Unpatriotic’ Not to Pay Taxes

67%

Of Americans said it is “selfish” for a presidential candidate to pay no taxes, while 61% said it is “unpatriotic,” according to a new Reuters/Ipsos poll. “At the same time, the results showed some respect for a candidate who can figure out how to reduce their tax bill. Some 46% of Americans, including 35% of Democrats and 62% of Republicans, thought a presidential candidate who pays no taxes is ‘smart.’”

Enumerati

Trump Laundered Income Through His Charity

$2.3 million

Amount that Donald Trump’s charitable foundation has received from companies that owed money to Trump or one of his businesses, but were instructed to pay Trump’s tax-exempt foundation instead, the Washington Post reports. “In cases where he diverted his own income to his foundation, tax experts said, Trump would still likely be required to pay taxes on the income. Trump has refused to release his personal tax returns.”

Verbatim

Trump Says He’s Not Being Pressured to Release His Taxes

I’ve had very, very little pressure.

— Donald Trump explaining to Fox host Greta Van Susteren why he won’t release his taxes.

Enumerati

Voters Concerned by Trump’s Refusal to Release Tax Returns

64%

Of all adults say Donald Trump should release his tax returns — 54% feel strongly about the issue — while just 31% are OK with Trump not releasing his returns, according to the latest Washington Post/ABC News poll. Among registered voters, the numbers change only slightly, with 60% saying he should release and 34% saying they are OK if he doesn’t.

Enumerati

Trump has a History of Not Paying Federal Income Tax

0

Amount Donald Trump had paid the federal government in taxes the last time information from his income-tax returns was made public, the Washington Post reports. “The disclosure, in a 1981 report by New Jersey gambling regulators, revealed that the wealthy Manhattan investor had for at least two years in the late 1970s taken advantage of a tax-code provision popular with developers that allowed him to report negative income.”

Verbatim

Reid ‘Stunned’ by Romney’s Tax Hypocrisy

All I know, I can’t imagine Romney having the gall coming after anybody’s returns. Let’s look at his. He never gave us his tax returns. Who was the brainchild who got him to do that? Romney never gave us his tax returns. He did not — he gave us his summary, he didn’t give us our tax returns.

— Sen. Harry Reid, telling CNN that he’s stunned to see Mitt Romney demanding Donald Trump’s tax returns.

Verbatim

Romney Suspicious of Trump’s Finances

We have good reason to believe that there’s a bombshell in Donald Trump’s taxes. Either he’s not anywhere near as wealthy as he says he is, or he hasn’t been paying taxes we would expect him to pay or perhaps he hasn’t been giving money to vets or to the disabled like he’s been telling us he’s been doing.

— Mitt Romney, hitting Donald Trump over not releasing tax information, CNN reports.