Friday, December 30, 2022

TRUMP IS VERY ANGRY THAT DEMOCRATS RELEASE HIS TAX RETURN TO THE PUBLIC

 

This will make trump go crazy that his tax return is now public. The battle have been on with the democrats and trump to release his tax return for years.

House Democrats on Friday released six years of former President Donald J. Trump’s tax records, making the closely guarded documents public after years of legal battles and speculation about Mr. Trump’s wealth and his financial entanglements.

The Release came 10 days after Democrats on the House Ways and Means Committee published two reports about Mr. Trump’s taxes as part of an inquiry into the Internal Revenue Service’s practice of conducting mandatory audits on presidents while they are in office. 

The reports found that the I.R.S. failed to audit Mr. Trump during the first two years of his presidency and did not begin the examination process until 2019, after House Democrats initiated oversight proceedings in an attempt to gain access to his tax records.

“Our findings turned out to be simple — I.R.S. did not begin their mandatory audit of the former president until I made my initial request,” Representative Richard E. Neal of Massachusetts, the chairman of the Ways and Means Committee, said in a statement on Friday.

The nonpartisan Joint Committee on Taxation, which reviewed Mr. Trump’s tax returns for the House Ways and Means Committee, found several red flags in the former president’s filings that it said warranted further investigation. Those included transactions with his children and a deduction that he took related to the settlement of fraud claims against the now-defunct Trump University.

Tax returns are among the most privately held documents in the United States. Although Congress has the power to obtain and release them, it rarely takes such action.

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