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Repubs> What is the Rationale of Trump not Releasing his Tax Returns


maron
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Lol Cop by his own account makes more than bizz whiz Trump has for much of his adult life

 

 

 

 

Trump’s tax returns at the time indicated his salaried income in 1976 was less than $100,000 a year, which he received as an officer in his father’s company. (His father remained chief executive of the company.) His income taxes reported $76,000 in income in 1975, $25,000 in income in 1976 and $118,000 in income in 1977. He paid no income tax in 1978 and 1979 as he reported negative income, likely because of tax shelters.

 

Trump also benefited from three trusts that had been set up for family members. In 1976, Fred Trump set up eight $1 million trusts, one each for his five children and three grandchildren, according to the casino document. (That today would be worth about $4 million in inflation-adjusted dollars.) The 1976 Trust paid Trump $19,000 in 1977, $47,200 in 1978, $70,000 in 1979, $90,000 in 1980 and $214,605 in 1981. Trump also received about $12,000 a year from a 1949 trust set up by his father and nearly $2,000 a year from another 1949 trust created by his grandmother. He also received a $6,000 gift every December from his parents.

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Because he made millions and paid no taxes. He doesn't even want to hear about taxes. If your not hiding something, release them which he wont.

Are you hiding stuff or will you be releasing your tax returns on TGF in the coming days?

 

Maybe its just because he thinks its nobody elses business.

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