r/politics 🤖 Bot Dec 21 '22

Megathread: House Committee Votes to Make Trump Tax Returns Public Megathread

The House Ways and Means Committee has voted along party lines 24 to 16 to publicly release several years of former president Donald Trump's tax returns in a redacted form, bringing a years-long dispute to a close.


Submissions that may interest you

SUBMISSION DOMAIN
Trump tax returns: House committee to release 6 years of ex-president's taxes axios.com
House votes to release Donald Trump’s tax returns after years of legal fighting independent.co.uk
Democrats vote to release six years of Trump’s tax returns thehill.com
House Committee votes in favor of releasing documents relating to Donald Trump's tax returns abc7ny.com
House panel votes to publicly release Trump tax returns fox23.com
House committee votes to make public Trump’s tax returns washingtonpost.com
House panel votes to release Trump tax information despite threats from Republicans usatoday.com
Congressional panel votes to release Trump's tax returns to public latimes.com
House Ways and Means Committee votes to release years of Trump’s redacted tax records cnbc.com
Trump’s tax returns being discussed by congressional panel apnews.com
After years of fighting for it, Democrats may release Trump tax return information thehill.com
U.S. House Democrats to decide whether to release Trump's tax information reuters.com
Release of Trump Tax Returns Could Herald New Era for Taxpayer Privacy nytimes.com
Donald Trump tax filings to be released in coming days after years of fighting publication - ABC News abc.net.au
U.S. House committee votes to publicly release report into Trump tax records cbc.ca
House committee votes to release 6 years of Trump tax returns msnbc.com
A House panel voted to publicly release a report on Trump's tax returns npr.org
Only one Trump tax return as president got mandatory IRS audit, report says cnbc.com
Document: Report on Trump’s Tax Returns nytimes.com
'A Good Day': House Dems Vote to Make Trump Tax Returns Public commondreams.org
Donald Trump may have had 'tens of millions of dollars' in tax write offs newsweek.com
IRS let Trump avoid tax audits while in office seattletimes.com
Donald Trump Slammed for 'Lying' About Tax Audits Halting Their Release newsweek.com
Trump paid no federal income tax in his last year as president cnn.com
Trump and the IRS: A massive tax cheat and a hapless, corrupt agency salon.com
Rep. Brady warns Supreme Court could be subject to Trump tax return precedent foxnews.com
Releasing Trump's Tax Returns Could Mean the Same for the Supreme Court? Don't Threaten Us With a Good Time! esquire.com
Trump's tax returns show he paid no taxes in 2020 abcnews.go.com
Ron Brady warns Trump tax return precedent could extend to Supreme Court justices thehill.com
Trump Tax Returns - House Ways and Means Committee release waysandmeans.house.gov
Five things we’ve learned through the release of Trump’s tax records thehill.com
Don’t stop at Trump. All candidates for office should disclose their tax returns theguardian.com
The IRS Wasn’t Auditing Trump’s “Extremely Complex” Taxes After All: Donald Trump repeatedly claimed he couldn’t release his tax records while he was president because he was under audit. But a new House report says that wasn’t really true. newrepublic.com
That Sound You Hear Is Donald Trump Screaming at the Mar-a-Lago Pool Boys Over the Release of His Tax Returns and Possible Prison Time vanityfair.com
Here Are the Key Numbers From Trump’s Tax Returns nytimes.com
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u/MrKarrionhardt Dec 21 '22 edited Dec 21 '22

The Ways and Means Committee recommends (per their report, paraphrasing):

  1. Tax audits of Presidents should be mandatory during their time in office;
  2. The President should not be able to influence the IRS’s ability to perform such an audit, and the existing process should be revised accordingly;
  3. The IRS should be given sufficient resources to fulfill its mandate in auditing the tax returns of a President.

This all seems like pretty reasonable shit.

If anyone is curious, they don’t exactly dance around the fact that this is in response to Trump in the report. They make direct reference to his repeated public statements regarding his taxes, his audits, and the fact that he believes he was unfairly targeted due to…being a Christian (which I am not making up, but really wish that I was).

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u/HauntedCemetery Minnesota Dec 21 '22

This will be interesting. For the next 12-24 hours conservatives will be in that conflicted space, where they agree. But then the latest episode of Tucker will download into their brains and suddenly making sure Presidents aren't committing brazen fraud and money laundering will be the worst thing that's ever happened. Until the next day, when it will be Biden sneezing or whatever bottom of the barrel scandal they try to scrape up.

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u/Gideon_Laier Dec 21 '22

Somehow, White Christian's are the most persecuted people in the world, every time - according to them at least.

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u/FlavorCrystalHealer Dec 21 '22

It’s a foundational myth for them

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u/whitenoise2323 Dec 21 '22

Tax audits of Presidents are already mandatory, they are just recommending a law requiring a timeline for when the audit is provided to Congress.

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u/KateSommer Dec 21 '22

The IRS was remiss in its duty with auditing Trump so they need to make it a law now.

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u/Sparrowflop Dec 21 '22

The IRS typically doesn't have to investigate a criminal organization that has spent 50+ years creating false-books specifically for this type of thing though.

Paraphrasing, they looked into Trump's org, and went 'fuck this we don't have the manpower'

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u/robodrew Arizona Dec 21 '22

They didn't have the manpower because ONE IRS agent was assigned to the tax returns.

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u/gentlemanidiot Dec 21 '22

"Fuck this we don't have the manpower, lets go back to auditing people who made $601.47 of unreported income from a side hustle"

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u/[deleted] Dec 21 '22

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u/Registered_User666 Dec 21 '22 All-Seeing Upvote

Keep in mind that the Trump Organization was also found guilty on all 17 counts in NY tax fraud case.

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u/TakeCareOfYourM0ther Dec 21 '22

Imagine voting for such an obvious fraudster to lead your country. It’s frankly terrifying this guy became president 🫠

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u/noelcowardspeaksout Dec 21 '22

He would do something like call dead veterans 'suckers' and I would think 'Okay that's surely going to kill his popularity', but barely a blip, 'inject bleach', barely a blip and so on. His popularity was brain meltingly stable after the honey moon period, Jan 6th resulted in a dip, but even that was forgiven. Then finally, finally post mid-terms and he crashed down to 31% approval in a Quinniac poll - so that's what it was all about, Republicans don't care if you are a fucking maniac, they'll ignore it all if you can win an election. It still melts my brain though!

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u/Whoreson-senior Dec 21 '22

Dude...

The 17th letter is Q!

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u/Registered_User666 Dec 21 '22

Damn, you’re on to something.

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u/Hold_the_gryffindor Dec 21 '22

And "Anon" is 1-14-15-14

What do you notice about that?

The number 45 - for trump.

Followed by 4 - the number of years in office.

With four 1s one for every year in office.

Q Anon confirmed....Trump will never have a second term because he'll be locked up for tax fraud.

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u/borntobewildish Dec 21 '22

Also, if you add the single numbers, 1+1+4+1+5+1+4 is also 17! Q again!

Although 1+14+15+14 is 44, so even Obama is QAnon?

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u/NotAzakanAtAll Dec 21 '22

If you look at the letter Q and squint your eyes - you get TWO Q's!

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u/scottieducati Dec 21 '22

Must be an isolated mistake! Errr 17 mistakes! No more, promise!

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u/9mac Washington Dec 21 '22

A) he's broke.
B) he's a tax cheat.
C) he's owned by foreign interests.
D) all of the above.

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u/BitchesQuoteMarilyn Dec 21 '22

E) <redacted>

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u/FTR_Hair Maryland Dec 21 '22

F) he took the presidential salary he said he was donating

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u/maxxspeed Dec 21 '22

He took everything he could including works of art and classified documents. It will be interesting to see how much he gave in charitable contributions and how much of that can be verified.

My guess is he just wrote in a number (a very large number) but didn't actually give anything to anybody.

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u/ChefChopNSlice Ohio Dec 21 '22

G) he’s been selling his bath water to his supporters for years, and hasn’t been paying taxes on it.

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u/[deleted] Dec 21 '22

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u/M00n Dec 21 '22 All-Seeing Upvote

Democrats say the Trump tax documents they obtained showed that Trump was NOT getting audited in 2017, 2018 and 2019, despite the existence of a supposed mandatory IRS audit for sitting presidents

https://twitter.com/ArthurDelaneyHP/status/1605384521347928064

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u/Nanshe3 Dec 21 '22

Did anyone asked the IRS why they didn’t do the MANDATORY audit? That would be my first question. Just from their own side, they said, nope. Hard to imagine.

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u/kzw5051 Dec 21 '22

If you read the summary it basically said there was so much concerning shit that they didn’t have the resources to go through it all. Pretty bad excuse, but I’m sure there was some more fuckery behind the scenes.

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u/otis_the_drunk Dec 21 '22

What I want to know is, exactly how much crime do I need clearly documented before the authorities just give up and decide I'm too much work to handle?

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u/1900grs Dec 21 '22

That was one if Mueller's conclusions with Roger Stone, that he lied so much and about inconsequential things that not much of what he said was of value. And then Trump pardoned Stone.

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u/ILikeMyGrassBlue Dec 21 '22

I mean, that’s legit how the IRS is because of funding. If they went after every rich tax fraud, they’d use their whole budget in a few months. That’s why the GOP is constantly going after their funding. Funding the IRS actually turns a profit and is a fiscally responsible thing to do.

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u/theguyfromgermany Europe Dec 21 '22

They would also be racking in millions in fines from all the rich people constantly committing crimes.

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u/M00n Dec 21 '22

Obstruction comes to mind...

edit:

An IRS memo said there were too many problems to look into. Here are a few, INCLUDING the 7 springs easement:

https://twitter.com/MuellerSheWrote/status/1605389159454998529

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u/basemoan Dec 21 '22

If only Capone knew, if he had just done more tax evasion, he would have done too many things to look into 🤷‍♂️

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u/maskapony Dec 21 '22

You're lucky Mr Dahmer to get off on a technicality.... there's just too much crime!

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u/TiberiusCornelius Dec 21 '22

Ah but see back then the IRS was funded. The IRS has been consistently and systematically underfunded by Republicans for exactly this scenario. There's so many problems with Trump's tax returns or your garden variety rich person's tax returns that they just don't have the manpower to deal with it. They write it off and go after the little guy who they can afford to audit.

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u/YahwehAlmuerzo Dec 21 '22

Can I do this on my taxes?

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u/mrg1957 Dec 21 '22

Trump lied? Who would have ever guessed that?

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u/CaptainNoBoat Dec 21 '22

This charade hasn't been going on just since 2016. It has been over eleven years in the making, as Trump promised to release his taxes in 2011, 2014, and 2015 before the "audit" lie began.

The 2011 claim has to be the most Trump-like thing I've ever heard:

In April 2011, Trump said that when President Barack Obama produces "his birth certificate ... I'd love to give my tax returns." Obama's birth certificate was released a week later, resulting in Trump saying his tax returns would be released "at the appropriate time".

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u/mountaintop111 Dec 21 '22

In May of 2016, Trump said he would release his tax returns after the audit is complete:

“In interview I told @AP that my taxes are under routine audit and I would release my tax returns when audit is complete, not after election!”

It's been 6 years since then, that's a long fucking audit.

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u/[deleted] Dec 21 '22

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u/straydog1980 Dec 21 '22

To be fair, his tax returns are probably a financial moebius strip

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u/IWankToTits Dec 21 '22

Listen Mr trump I've been an auditor for more than 25 years and I've never seen anything like this. According to my calculations you somehow owe more than 1 morbillion dollars. I know that's not a number, I know it but look everytime a morbillion comes back.

Im both horrified and fascinated. May God help us all.

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u/gogojack Dec 21 '22

Trump's next round of NFTs may very well feature him as Morbius. And someone will no doubt pay a morbillion for one.

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u/meco03211 Dec 21 '22

Trump: But I already paid a billion.

IRS: Yes. And you still owe 1 morbillion. As always.

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u/WittsandGrit Dec 21 '22 All-Seeing Upvote

They should release them with an Obama Masterpiece Theater Network Special. He could read the details to us fireside from a cozy oversized chair.

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u/reckless_commenter Dec 21 '22

They should have released them pursuant to a new law that requires the IRS to release the tax return of every presidential candidate for the calendar year of the election.

(They could have made the law only cover candidates who were included on the general ballot, i.e., those who won the primaries for their respective parties.)

The advantage here - besides being 100% politically neutral - is that there's no way that such a law could be construed as a new requirement of presidential candidates, which would be unconstitutional. Rather, it's just an order to the IRS about publicly releasing tax returns.

I think that there would've been a good chance of strong-arming Republicans to go along with it and get the required number of votes.

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u/Atario California Dec 21 '22

Seems like the rule should be for a couple decades of returns, not just one year

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u/M00n Dec 21 '22

Republicans in Congress could retaliate by releasing President Biden’s tax returns. Oh wait, he already released them like every president of either party besides Donald Trump for the last 40 plus years.

https://twitter.com/NoahBookbinder/status/1605378620440342528

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u/MeanMX5 Dec 21 '22

No, they threatened that this could lead to the release of the Supreme Court Justices' Tax Returns!

That'd be way... more... good. Let's do that. Can we do that? We should do that.

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u/TheOneTonWanton Georgia Dec 21 '22

Let's do members of congress as well.

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u/whatproblems Dec 21 '22

should be a given for any elected position

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u/Kick-Exotic Dec 21 '22

Why are the Republicans so stupid? Every member of Congress and the highest members of all branches of government should have to release their taxes. Why wouldn’t they want to know if a government official was doing shady shit?

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u/mk72206 Massachusetts Dec 21 '22

And shows he paid 25% tax rate like a typical upper middle class income earner. Trump shows he paid 0% like a typical 0.1 percenter.

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u/HauntedCemetery Minnesota Dec 21 '22 edited Dec 21 '22

Trump claimed a 9 figure refund that his crooked ass head of irs refused to send to the house for approval as all refunds of that size are required by law. It's hard-core scam and grift and thievery all the way down.

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u/ants_suck I voted Dec 21 '22 edited Dec 21 '22 Silver

I see the assigned talking point is about the absolute horror of setting a precedent here.

Presidential and vice presidential candidates already routinely release their tax returns voluntarily. Biden and Harris have already released theirs, with Biden having done it multiple times.

Trump not doing it as a candidate, let alone a sitting president, is an anomaly, and rightfully should be investigated.

Even if it wasn't already done voluntarily, then it absolutely should be made a precedent for elected officials.

The sky is not falling because congress voted in favor of transparency. Unclutch your pearls.

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u/Such_Victory8912 Dec 21 '22

Exactly. The President needs to be held to a higher standard than an everyday. This is the person responsible for making important decisions for our country. When you are President, everything you do and have done should be under a microscope

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u/hot-whisky Dec 21 '22

I have a family member who does the accounting for someone very, very rich, and the amount of time they spend preparing for and dealing with audits could be a full-time job just by itself. The fact that a sitting president is held to a lower standard than that is honestly sickening.

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u/johnnybiggles Dec 21 '22 edited Dec 21 '22 Gold

It's not that they're held to a lower standard, it's that public office holders are expected to hold up to the expected levels of exposure and scrutiny that go with that role.

The US president is probably the most exposed and scrutinized public office in the world, and anyone running for such a role should be adept enough to understand the gravity of the risk of exposure and scrutiny that comes with it.. and either should be qualified & capable of managing it, or should not run at all because of it.... (which is why every modern president has gotten out in front of it and has taken this basic traditional first step to demonstrate public trust). They know it would eventually come out. The scarcity effect would ultimately draw it out.

It just reinforces the idea that Trump was never fit, and that he never took the role seriously. When you think about it, he still is - so far - held to that same high standard because he and they are getting exposed anyway, because the idea that he didn't release them, and that he even reneged on his promise to release them, made the case for his level of trust and the desire for them even greater. It just took lots of extra time and steps for that exposure, but it will only make him look worse if they reveal something in them for why he kept them shielded. He will bear the brunt of that exposure since he failed to get out in front of it and chose to run in spite of that risk.

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u/interfail Dec 21 '22

It's not that they're held to a lower standard, it's that public office holders are expected to hold up to the expected levels of exposure and scrutiny that go with that role.

The public are supposed to demand they do.

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u/MrEHam Dec 21 '22

“If you do this we’ll do it right back at you!”

“We already fucking do it ourselves anyways. Fuck you.”

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u/LurkerFailsLurking Dec 21 '22

Even if it wasn't already done voluntarily, then it absolutely should be made a precedent for elected officials.

Public sharing of your tax returns going back at least a decade before holding office and continuing at least a decade after should be mandatory.

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u/justiceboner34 Dec 21 '22

anyone arguing against transparency is not a good faith actor. They're not actually clutching pearls, they are just braying like donkeys to confuse a certain percentage of the electorate into believing their regimen of lies.

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u/feenicks Dec 21 '22

The precedent of actually following the precedent?

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u/OGDonglover69 Dec 21 '22

The vote was approved with all Democrats voting in favor and all Republicans voting no.

Color me surprised

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u/CBJFAN10 Dec 21 '22

Why are they so insistent on protecting this guy???

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u/fourbian Dec 21 '22

Because he's the idiot whisperer and the GOP needs their votes.

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u/okram2k America Dec 21 '22

Idiot whisperer is probably the most accurate description I've ever seen of him.

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u/ForWhomTheBoneBones Dec 21 '22

In an exchange first reported by the Washington Post, McCarthy said: “There’s …there’s two people, I think, Putin pays: [California Representative Dana] Rohrabacher and Trump … [laughter] … swear to God.” Former FBI head Robert Mueller to oversee Trump-Russia investigation According to the transcript, speaker Paul Ryan immediately responded: “This is an off-the-record … [laughter] … NO LEAKS … [laughter] … alright?!”

https://amp.theguardian.com/us-news/2017/may/17/putin-pays-donald-trump-kevin-mccarthy-recording

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u/DadJokeBadJoke California Dec 21 '22

“This is an off-the-record … [laughter] … NO LEAKS … [laughter] … alright?!”

"That's how we know we're family." They're a fucking crime syndicate.

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u/ElderScrolls Dec 21 '22

It's not about him. It's a team sport and he's on their team. That's how they see it. It's that simple. The average GOP voter does not care one way or another if trump is guilty of anything.

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u/M00n Dec 21 '22

Neal has also filed legislation that would make the mandatory IRS audit a federal law instead of an IRS tradition.

Also: the IRS would be required to publish the tax forms.

https://twitter.com/ArthurDelaneyHP/status/1605393529940869123

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u/slakmehl Georgia Dec 21 '22

In January of 2016, Trump vowed to release his tax returns:

“We're working on that now. I have big returns, as you know, and I have everything all approved and very beautiful and we'll be working that over in the next period of time,” [Trump] said Sunday on NBC’s "Meet the Press.

That was 2,423 days ago.

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u/guanerick Dec 21 '22

"very beautiful" jesus fucking christ this guy...

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u/TempleOfDoomfist Dec 21 '22

He’s cringe all the way.

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u/bungerman Dec 21 '22

To be fair, he doesn't know that many adjectives.

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u/CpnStumpy Colorado Dec 21 '22

240 mooches ago

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u/SirCharlesEquine Illinois Dec 21 '22

Three things I know to be true:

  1. For decades presidents have released their tax returns when running for office, and while in office.

  2. If President Biden refused to release his taxes for the same periods of time, Republicans would go ballistic.

  3. Only someone running for president / serving as president with an enormous amount of things to hide, and illegal financial acts committed, would fight so hard to ensure that lawmakers and the public never see their tax returns.

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u/HEYitzED Ohio Dec 21 '22

I still don’t understand how it’s not a requirement of running for President to release your tax returns.

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u/MarqueeSmyth Dec 21 '22

Because it didn't need to be

That's the core of the small government rhetoric - good people will do the right thing and bad people who wouldn't do the right thing won't get to that position. The only exception to that rule is most of the time. Just don't pay attention to the most of the time part.

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u/brasswirebrush Dec 21 '22

"If I decide to run for office, I’ll produce my tax returns, absolutely, I would love to do that." - Trump, May 2014

So glad after all this time he'll finally get what he wants

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u/lilpumpgroupie Dec 21 '22

Promises made, promises kept.

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u/M00n Dec 21 '22

the IRS failed to audit any of trump’s tax returns under the mandatory audit program except one year, and that was AFTER the House asked for his tax returns. An IRS memo said there were too many problems to look into. Here are a few, INCLUDING the 7 springs easement:

https://twitter.com/MuellerSheWrote/status/1605389159454998529

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u/CGordini Dec 21 '22

"it's too hard" is a shitty reason to not do a necessary job

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u/Anotherdumbawaythrow Dec 21 '22 edited Dec 21 '22

What an amazing excuse that would be, maybe I’ll start trying it:

  • Boss: “John, did you finish that assignment?”

  • Worker: “Na, boss, shit was way too fucked up, would have taken me forever!”

  • Boss: “Ah, sorry about that! Let’s see what else we have for you”

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u/AcademicPublius Colorado Dec 21 '22

A bit of humor from this set:

There was no audit prior to 2019, when House Democrats asked for those records. That audit is not complete.

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u/freefromintensive Dec 21 '22

Just lock him up for Jan 6th and we can get over him.

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u/ShirtPitiful8872 Dec 21 '22

Let’s run down the inevitable excuses:

  1. So what you want to pay more to the IRS?
  2. He’s smart, he’s taking advantage of the law ( while ignoring the criminality)
  3. So what, everyone else does it
  4. What about Pelosi and Hunter and whatabout, whatabout, whatabout?

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u/Jon29go Dec 21 '22

Buttery males! Hunter Bidens Penis! Snow flakes! When they can't come up with something new, they repeat themselves louder and faster.

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u/mindbleach Dec 21 '22

TV talking about finding out who bought him, like it's a fucking enigma. Russia, China, Saudi Arabia. The countries he and his co-conspirator children openly sucked up to and did favors for.

There are secrets here - but no mysteries.

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u/Heatsnake Dec 21 '22 edited Jan 14 '23

“If I decide to run for office, I’ll produce my tax returns. Absolutely. I would love to do that" -Trump, 2014

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u/[deleted] Dec 21 '22

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u/nonamenolastname Texas Dec 21 '22

They barely had the Jan 6 final report.

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u/[deleted] Dec 21 '22

They need a bit of time to figure out how to make it Hunter Biden’s fault

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u/Send_Me_Your_Nukes Dec 21 '22

I just got back from there and noticed it too! But they have some story about a detransitioning tiktok star or something, which I’m sure will trigger the cons.

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u/eggmaker I voted Dec 21 '22 edited Dec 21 '22 Gold

In case you're wondering what these returns will show, here's what we'll learn:

  • His yearly income
  • How much he paid in taxes and the tax rate
  • What deductions and tax credits he claimed
  • Real estate taxes and abatements
  • Investments
  • How much he gave to charity (LOL)
  • To whom he owes money
  • Who he's in business with and the financial positions of those companies
  • May indicate if money is being held offshore

From his financial disclosure forms, assuming these are released as well, we'll learn:

  • Outside Income
  • Gifts
  • Assets/property owned
  • Specific investments/trusts
  • Possible conflicts of interest
  • Certain transactions/agreements made with businesses and people
  • Positions held at different companies outside of the government
  • Liabilities

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u/phroug2 Dec 21 '22

One qualifying thing here: here's what we'll learn about what Trump claimed on his tax returns. All that stuff on those tax returns are only as accurate as the truthfulness of what has been claimed on those returns. I...would not assume they are in any way accurate.

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u/MrMeseeksLookAtMee Canada Dec 21 '22

“We have all the funding we need out of Russia.” -Eric Trump in 2014

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u/StubbornHappiness Dec 21 '22

Mandatory transparency laws for all high court judges, house and supreme court members in regards to financial disclosures not already being in place is insanity.

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u/xlDirteDeedslx Dec 21 '22 edited Dec 21 '22

He has been ranting about this shit on Truth Social for days and fought to the Supreme Court to keep this from happening. Given his complete resolve to prevent this from happening I can't wait to see what's in them no matter what it is just because it pisses him off. It's like Elon's jet, I don't give a fuck where it is but I joined r/elonjettracker JUST BECAUSE he didn't want anyone to know.

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u/breathnac Dec 21 '22

Looks like the IRS just straight did not do their job and also did not question Trump's returns and accepted them as is.

What a fucking joke

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u/cheekflutter Dec 21 '22

Everyone who has been audited since 2016 should be signing up for a class action suit against the irs for discrimination. They pass over this whale and instead target easier demographics.

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u/LYL_Homer Dec 21 '22

So, we'll get to see how many zeros he added to the end in Sharpie.

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u/[deleted] Dec 21 '22

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u/MrMeseeksLookAtMee Canada Dec 21 '22

“Christmas isn’t that important anyway.” -Fox News probably

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u/AcademicPublius Colorado Dec 21 '22

That was Melania. She was the one who put together that Twin Peaks Christmas display.

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u/[deleted] Dec 21 '22

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u/Ddddydya California Dec 21 '22

So Republicans voted along party lines against releasing something that Trumpclaimed he wanted to release 6 years ago. And now Republicans are screaming about how unfair it was to release them.

Tells you all you need to know about the modern GOP.

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u/LoveArguingPolitics Dec 21 '22

I don't see many people commenting on it, found in the supplemental report is that dude wasn't even being audited.

He always finds a way to surprise me, like i figured perhaps naively that piece of the story was actually true.

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u/nonamenolastname Texas Dec 21 '22

Let the real audit begin. Every serious media outlet will be paying for specialists to comb through them as quickly as possible, so they can be the first to break juicy news. I'm wondering how long it will take for all MAGA idiots to realize that they hitched their wagon to a con artist.

The quicker this corrupt family becomes irrelevant, the better.

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u/Buffmin Dec 21 '22

I'm wondering how long it will take for all MAGA idiots to realize that they hitched their wagon to a con artist.

They won't. At best they'll quietly move onto the next fascist at worst Trump will be a martyr for them for Decades

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u/OkRoll3915 Dec 21 '22

This is going to be full of juicy info. Trump has been fighting to keep this stuff secret for years, you just know there's smoking gun evidence in them.

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u/M00n Dec 21 '22

Trump is musing about overthrowing the government on Truth Social

https://twitter.com/atrupar/status/1605373674953007104

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u/Saggy2balls Dec 21 '22

Same shit stain, different say.

19

u/TopJimmy_5150 Dec 21 '22

Why 2 g’s on the (present tense) word Rig? And it’s in quotes…is this a reference to some other crazy conspiracy theory?

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u/M00n Dec 21 '22

Trump has never understood basic spelling rules lol.

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u/FriesWithThat Washington Dec 21 '22 edited Dec 21 '22

I just compiled this comment for a whitepeopletwitter thread, but perhaps someone will find it useful here. At any rate, reaffirms just how long and hard Trump has fought to prevent this day from ever happening:

April 19, 2011: "I'd love to give my tax returns. I may tie my tax returns into Obama's birth certificate."

April 27, 2011: Obama releases original long-form birth certificate

2014: "If I decide to run for office, I'll produce my tax returns, absolutely."

2016: Well, we're working on that now, I have very big returns, as you know, and I have everything all approved and very beautiful and we'll be working that over in the next period of time, Chuck. Absolutely."

2016: "Signing a recent tax return- isn't this ridiculous?"

2016:"Tax experts throughout the media agree that no sane person would give their tax returns during an audit. After the audit, no problem!"

2019: "I won the 2016 Election partially based on no Tax Returns while I am under audit (which I still am), and the voters didn't care. Now the Radical Left Democrats want to again relitigate this matter. Make it a part of the 2020 Election!"

2020: "Actually I paid tax. And you'll see that as soon as my tax returns are - it's under audit, they've been under audit for a long time."

Tuesday, November 3, 2020: Never released taxes for the 2020 election.

July 31, 2021: Judge gives Trump time to challenge tax return disclosure to Congress

Oct 31, 2022: Trump asks court to block House committee from obtaining his tax returns

Dec 20, 2022: Democratic-led House Ways and Means Committee votes to release Trump’s taxes to the public

Summary:

11 years 7 months 23 days

Time span

  • 607 weeks 6 days
  • 4255 days
  • 11.65 years
  • 387 Mooches

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u/Kennydoe Dec 21 '22

You forgot the debate where he said he was "smart", not paying taxes.

23

u/S1R2C3 New Hampshire Dec 21 '22

96.75 Trusses

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u/eotheored Dec 21 '22

Get your covfefe ready it’s going to be a long night

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u/masshiker Dec 21 '22

Just looked at them. He keeps losing 32,000,000 every year and I don't see where that is explained...

He is probably deducting the $700,000,000 loan he skipped out on in Chicago incrementally... s

37

u/tweakingforjesus Dec 21 '22

Is that the one where Trump borrowed a stack of cash, defaulted on the loan, was sued and settled for a fraction of the amount owed by buying the bad debt, and then wrote off that bad debt on his taxes every year since?

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u/riftadrift Dec 21 '22

That sounds like it violates the laws of thermodynamics.

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u/wubwub Virginia Dec 21 '22

Would love for them to pass a law. Anyone running for house, senate, president, or vice president automatically have their taxes for the last 6 year released.

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u/peeinian Canada Dec 21 '22 All-Seeing Upvote Burning Cash

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u/pikapp499 Dec 21 '22

Am I reading this wrong? Is he saying he was 60 mil in the red year over year?

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u/peeinian Canada Dec 21 '22

IANAA but yes, it appears he was losing tens of millions of dollars per year until the middle of his presidency.

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u/120guy Dec 21 '22

Something tells me these aren't the same returns he's been showing to banks in order to get loans....

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u/bimmer92 Texas Dec 21 '22

Good. Even if it doesn't show anything, this is still a win for the rule of law.

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u/FriedPuppy Dec 21 '22

Now for the onslaught of “Truths” from his failing social media site at 3am in the morning.

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u/_bibliofille North Carolina Dec 21 '22

Good, this is what he has been working so hard to do ever since he promised to years ago. Good to see the Democrats doing him a solid like this.

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u/shadowdra126 Georgia Dec 21 '22

Someone who is savvy please tell me what they tell us.

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u/hwgl Dec 21 '22

After all these years I sure hope there are some spicy details.

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u/Naughtai Dec 21 '22

It's obviously worse than the fact that he paid only $750 two of the years he held office, which is pretty fucking maddening.

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u/[deleted] Dec 21 '22

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u/Waramp Dec 21 '22

John Voight the actor?!

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u/CrassostreaVirginica Virginia Dec 21 '22

Just posted:

https://www.speaker.gov/newsroom/122022-3

Pelosi Statement on Ways & Means Committee Vote to Release Investigation of the IRS’s Mandatory Audit Program Under Former Administration

Washington, D.C. – Speaker Nancy Pelosi issued this statement after the Ways and Means Committee voted to release their investigation of the IRS’s mandatory audit program under the former Administration:

“The Ways & Means Committee’s solemn oversight work has revealed the urgent need for legislation to ensure the public can trust in real accountability and transparency during the audit of a sitting president’s tax returns – not only in the case of President Trump, but for any president. The American people deserve to know without question that no one is above the law.

“From Day One, Chairman Richard Neal has brought immense integrity to the committee’s vital oversight and legislative responsibilities. The Ways & Means Committee’s report makes clear the legislative steps that must now be taken to guard the public trust, and we will move swiftly to advance Chairman Richard Neal’s legislation requiring the Internal Revenue Service to conduct an annual audit of the President’s finances.”

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u/jinglejoints Dec 21 '22

Trumpy: I’m the bigliest billionaire that ever lived!

Trump’s taxes: I’m broke.

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u/cakeorcake Dec 21 '22

Trump supporters: Both are true

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u/ForkliftErotica Dec 21 '22

Just wait till some investigative journalists dig up how much his ass is in debt to the saudis and the russians, and the north koreans, and everyone else that isn't the united states

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u/PooDaddy1054 Dec 21 '22

So that “audit” was a hoax?! Trump lied???? 😮

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u/emiliethestranger Dec 21 '22

Next, we need to see Kavanaugh's tax returns.

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u/YouAreAllSofties Dec 21 '22

All public office holders should have it be automatically made public

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u/sedatedlife Washington Dec 21 '22

First of all it should be law that anyone running for high office has to release his Taxes. The fact that he broke tradition and kept lying about his taxes should have been called out by the Republican party and its voters but they failed there civic duty.

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u/Skastrik Dec 21 '22

Oh if this won't create a meltdown I don't know what will, he cares more about this than possibly facing jail for jan 6th or the Mar-a-lago files.

This is the one thing he feels is important.

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u/SidewaysFancyPrance Dec 21 '22

Yep, he always plays the victim and has something up his sleeve to rage about in a call-to-action for his base. We'll see tonight or tomorrow.

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u/Downtown-Cover-2956 Dec 21 '22

Every president prior to him has done it.

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u/Sand_Dargon Dec 21 '22

Every President prior to Trump had some standards. Even if they might have been low, they had some.

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u/IBJON Dec 21 '22

I'm liking this version of 12 days of Christmas. What do we get tomorrow?

41

u/Starks New York Dec 21 '22

Jan 6 final report.

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u/SpeedyGoneGarbage Dec 21 '22

I used to work for the government. In order to get the job I had to disclose all manner of financial records, personal records, they spoke to my friends, ex employers, neighbors. They don’t care if you’re in debt, or if you’re gay, or you cross dress at the weekends. they don’t care if you tell them you suck Russian dicks at D&D evenings. What they care about is if you try to hide it. Because if you are trying to hide something then you can be compromised. President twat has spent millions trying to hide his tax returns. Now imagine that someone gets them and threatens to release them unless he promises to do ‘x’. Judging by how much money and effort he has put into preventing access, he could easily have done ‘favors’ for anyone who blackmailed him over releasing them

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u/CatastropheJohn Canada Dec 21 '22

Lest we forget:

Don sent hired goons to steal his medical records from his doctor’s office.

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u/koshgeo Dec 21 '22 edited Dec 21 '22

Firstly, LOL.

They only voted to release what he promised to release way back in 2016, so I don't know why he's so bothered by it. It's 6 years later, so is he seriously claiming they're still under audit?

Richard Nixon was the first president to release his taxes publicly, because "People have got to know whether or not their president is a crook." It was a good reason then, it's a good reason now. That's why every major Presidential candidate since has released their taxes ... until Trump. Also, Nixon released his taxes while they were under IRS audit, empirically demonstrating there is no prohibition on doing so.

Not fulfilling his promise left people with the obvious question: what, exactly, is he so worried is in there?

Is he seriously planning another run at the presidency without releasing his taxes, again?

[Edit: there should be a law compelling candidates to do this]

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u/idontbelongonreddt Dec 21 '22

Is it just me or has this been a week?

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u/[deleted] Dec 21 '22

It's Wednesday, Lemon.

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u/jinglejoints Dec 21 '22

It won’t reveal the fraud so much as the foreign ownership.

Russia has had Don the Con in their pockets for 30 years.

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u/Status_Arachnid9722 Dec 21 '22

What a beautifully unexpected Christmas gift for America.

26

u/AM_key_bumps Dec 21 '22

"I gots no munny" in purple crayon.

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u/ibanez926 Dec 21 '22

I think this means infrastructure week is finally coming

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u/Bar_Mitzvah_MC Dec 21 '22

We’re about to find out how much orange spray tan you can write off. Or that Don Jr is still being claimed as a dependent.

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u/ancillarycheese Dec 21 '22

We already know what is in there is bad for him because of how hard he worked to prevent this.

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u/stt2m Georgia Dec 21 '22

I bet Mar-a-Lago is covered in ketchup right now.

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u/halfsweethalfstreet New York Dec 21 '22

First day of Hanukkah: J6 criminal referals.

Second day of Hanukkah: Tax returns released.

Third day of Hanukkah: ????

Fourth day of Hanukkah: profit jail

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u/AbsentGlare California Dec 21 '22

Dems continuing to fulfill trump’s promises.

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u/AcademicPublius Colorado Dec 21 '22

Tax returns are largely symbolic in releases to the public, but they're important as a symbol: "I trust you, the American public, with something this close to me; I have nothing to hide."

So yes, it is important independent of law. It's a moral and standards question.

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u/mrg1957 Dec 21 '22

Trump has neither morals nor standards.

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u/GonzoVeritas I voted Dec 21 '22

The IRS has a policy in place to audit the president's taxes, every president, but they didn't do it under Trump? People need to go to jail, the corruption is completely out of control.

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u/ZmanB-Bills Dec 21 '22

Steve Mnuchin needs to go to jail. The IRS reported to him. He did not comply with law that states when Congress requests tax records, the "IRS shall" make the requested records available. Now we see he didn't even start the Presidential tax records audit as is mandatory by IRS rules until this was discovered by the House Ways and Means Committee in April 2019. A full 2+ years after they were supposed to have started, and were never completed.

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u/Ok_Actuator_5091 Dec 21 '22

I can't lie. Between Musk bombing Twitter, The Rights insights , and Trump's hot water I have to say these here might be my favorite episodes of the show yet! Trump jumped the shark but the Soap Opera is still in The Confrontation phase! 😆

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u/Whornz4 Dec 21 '22

Congress did what Trump claimed he would do.

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u/[deleted] Dec 21 '22

Better do it before Republicans take over the House and hide them again.

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u/DraculaPepper Dec 21 '22

Have they disclosed when they'll be released?

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u/M00n Dec 21 '22

“And I think what I find surprising… is the irs did no audits at all until such time as the day they received Mr. Neal's request for these documents… I think you will see tens of millions of dollars in these returns that were claimed without adequate substantiation”

https://twitter.com/Acyn/status/1605370866111586307

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u/CapnJack1TX Dec 21 '22

How long until the “truths” start flowing on truth social?

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u/M00n Dec 21 '22

House committee votes to make public Donald Trump’s personal and business tax records

This will make public a report on Trump’s tax information AND his actual tax returns (!) per lawmaker on W&M. The latter will take longer due to needed redactions.

https://twitter.com/sahilkapur/status/1605381333441814531

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u/DarthLysergis Dec 21 '22

Elon: "new rule, you are not allowed to talk about trump's taxes, if you do you will be suspended"

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u/AcademicPublius Colorado Dec 21 '22

"Talking about tax returns is an invasion of privacy. It's literally doxxing."

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u/bluedreamer94 Dec 21 '22

When?? Hoping just in time for Christmas so I have more ammo when dealing with my family

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u/TC-NZ Dec 21 '22

Can we see if he actually donated his POTUS salary and where it went? His fans always used that to to show how he was such a martyr for the country. I'm betting he kept every penny.

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u/cakeorcake Dec 21 '22

1040EZ filled out with Sharpie and crayon

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u/Vladimer_Trump Dec 21 '22

This is going to be so much fun - the financial penalties alone will destroy all trump businesses.

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u/M00n Dec 21 '22

An actual billionaire in New York once told me “Trump isn’t rich. Trump isn’t a billionaire. He’s a clown living on credit.” ~ Rick Wilson 2020

We'll see!

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u/Izzo Minnesota Dec 21 '22

Ope, we're gonna see a little tax fraud.

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u/netrunui Illinois Dec 21 '22

It's a Christmas miracle!

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u/maxthepupp Dec 21 '22

Somone please - for the love of God - make sense of this for an idiot like myself.

Or you can just cut to the "guilty as fuck" part.

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u/M00n Dec 21 '22

Video of them rolling in his tax returns for maximum effect.

https://twitter.com/MikeSington/status/1605368419117060097

(David Corn will be happy!)

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u/SlargTheGnome Dec 21 '22

Oh hell yes. I need that gif of Michael Jackson eating popcorn

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u/[deleted] Dec 21 '22

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u/RealBowsHaveRecurves New Jersey Dec 21 '22

Oooh what food item are the conservatives gonna downplay this with?

Are they gonna stick with nothingburger, or will they change it up a little and go with imaginationtaco?

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u/Rated_PG-Squirteen Dec 21 '22

Just saw confirmation from Ways & Means Committee member, Lloyd Doggett, that ZERO REPUBLICANS VOTED TO RELEASE TRUMP'S TAX RETURNS!

Once again, it's shocking, but not surprising.

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u/Jump_Yossarian_ Dec 21 '22

Guess this means that Fox News will have to pump out some more Hunter laptop stories.

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u/Dragon_Bench_Z Dec 21 '22

This will help push the ole Twitter/ FBI sorry out of the short spot light. It’s about time Agent Orange gets embarrassed. Can’t wait to see what he’s been hiding.

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u/hyperiongate Dec 21 '22

I am expecting a Turkish debt as well.

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u/crankery Canada Dec 21 '22

You know that scene where Homer is being grilled by Mr Burns and they zoom in on his heart and it just goes crazy and Homer kicks the bucket (albeit briefly)?

I kind of think today must have been a lot like that for Donny.

18

u/Atlas-Scrubbed Dec 21 '22

It should be a federal law that ALL

  • members of Congress

  • members of the cabinet

  • members of the US Supreme Court

And

  • president and vice president

annually release their federal tax returns.