Monday, May 16, 2016

Donald Trump on his tax returns: Tells electorate and press "none of your business"

Visually, that's the middle finger, folks, and it is directed at you.

However else you describe Donald Trump you would be well advised to avoid words like "transparency" and "consistency". Trump has been all across the board on release of his tax returns and has now come down on the side of non-disclosure. Here are snippets from the NY Times report.

Once again thumbing his nose at a time-honored tradition, Donald J. Trump said Friday that he does not believe voters have a right to see his tax returns, and he insisted it was “none of your business” when pressed on what tax rate he pays.

The remarks from Mr. Trump signal that he has little intention of disclosing verifiable details of his income or what fuels his wealth, a matter of endless speculation for a candidate who boasts of being a billionaire many times over despite his past brushes with bankruptcy and increasing reliance on celebrity-oriented income and licensing deals that use his name.

While not required to release their tax returns, all the major party presidential nominees have done so for roughly the past four decades, including President Richard M. Nixon, who released them despite undergoing an Internal Revenue Service audit. Mr. Trump has cited continuing I.R.S. audits of his taxes in refusing to release his returns.

Would Hillary pass up this opportunity? Of course not.

As the issue of Mr. Trump’s returns bubbled up over the past week, Democrats treaded relatively lightly on the matter, particularly since Hillary Clinton faces pressure to release transcripts of her paid speeches to Wall Street banks like Goldman Sachs. But on Wednesday Mrs. Clinton seized on Mr. Trump’s reluctance to release his returns.

“So you’ve got to ask yourself, ‘Why doesn’t he want to release them?’ ” Mrs. Clinton said on Wednesday. “Yeah, well, we’re going to find out.”

She and Bill Clinton have released their tax returns going back to 1977, when he first entered political life.

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