Introducing the T.R.U.M.P. Act

[Madmallard]

The Tax Returns Uniformly Made Public Act would require presidential and vice presidential candidates to disclose five years of federal income tax returns in order to appear on the ballot in New York State.

Sen. Brad Hoylman, D-Manhattan, has drafted legislation that would require presidential candidates to submit their most recent five years’ worth of tax returns to the New York state Board of Elections in order to appear on the ballot in New York state.

The bill, expected to be introduced early in the upcoming session, comes after president-elect Donald Trump repeatedly refused to release his tax returns during the recent election cycle, breaking a 40-year tradition in American politics.

While no law legally requires candidates to do so, the issue did come up during the September 26 presidential debate between Trump and Hillary Clinton, with Clinton suggesting was hesitant to release the documents because he doesn’t pay income taxes. “That makes me smart,” Trump quipped in response.

http://legislativegazette.com/archives/4100

 

[Gunner57]

Seriously, with everything that is fucked up today, this is your priority. Bunch of whiny, butt hurt, sniveling limp dick douche fucks!

 

[Dr. Evil]

If Trump turns this sinking ship around, puts conservative folks on the supreme court, reduces my taxes, fixes Obamacare and restores my gun rights, I could give a rat's ass about his tax returns. Another democrap wasting space.

 

[Calculon]

I'm with you Doc but I think all politicians should have to post tax returns while in office and for 5 years after leaving office. They make themselves wealthy at taxpayer expense, through inside information, back door deals etc.. No one seems to notice that the longer politicians stay in office the wealthier they become.

 

[MilesTeg]

I don't even think my 1 1/2 year old throws this big of a hissy fit. Grow the fuck up liberals!

 

[C3D]

Would this matter? Trump would still have won even if he didn't run in NY.

 

[Calculon]

It's definitely sour grapes and wouldn't have mattered. I just think shining some light on politicians' personal finances would be a good thing.

 

[Phauxtoe]

I have a problem with people not paying taxes but if he did it legally that's OK

but we need to change those laws!

 

[gun_slinger_boy]

I love how they want to make a full blown law because someone didn't participate in a "40-year tradition". What the fuck does it matter what his taxes say? What does that have to do with becoming president? If there is criminal activity then the only people that need to see returns are the feds. And as we've seen over and over again even if there is criminal activity nothing is done about it. It all depends on who you are and who you know. This is such a distraction perpetrated by someone pandering to the angry little lemming snowflakes that are ass hurt about not getting their way and throwing tantrums. Trump is president elect and soon to be president of the United States for the next 4 years. Get over it!

 

[ProgSpear]

If you want uniformity, then pass the requirement for ALL public officials. Oh, didn't want to include yourself? Didn't think so, you puny waste of hot air.

 

[Phauxtoe]

Toss term limits in there and I'll back it

 

[1911guy]

If Trump didn't pay taxes that Hillary claims, it was because he could carry forward losses he incurred in previous years. You can do the same thing up to $3000 per year. So it takes several years to catch up to large losses. But that is lawful. There is a similar provision for real estate investors passed by Democrats that enabled Trump to carry forward large losses from one year. Those losses were caused by some act of Congress that I can't recall at the moment.
Whether candidates should publicize tax returns is a totally different question. Note: it is illegal to publicize someone's tax matters without his/her permission.

 

[Dr. Evil]

Oh, and they ALL need to have Obamacare. If it's good enough for us, it's good enough for them.

 

[NirvanaFan]

Why not make them publish their DNA profile, Social Security Number, and other private information as well?

I think that it's wise for candidates to, so we can see where they have ties, it shouldn't be mandatory.

 

[Grimscale]

So, Hillary breaking the Law doesn't mean squat, and she can be on the Ballot.
Trump follows the Law and ends up not paying taxes, but he can't?

Am I the only one to see the problem here?

 

[Deplorable Me]

And the president elect can simply veto it. Whaaahaaaaaaaaaaaaaaaa!

 

[Koz]

I'd be happy if someone in congress introduced a bill mandating government issued picture Id to be shown to vote.

 

[meketrefe]

They have to pretend they are fighting something somewhere somehow even if it doesn't make any sense.
Crawl back to your hole you infested rat!

 

[Koz]

If Trump turns this sinking ship around, puts conservative folks on the supreme court, reduces my taxes, fixes Obamacare and restores my gun rights, I could give a rat's ass about his tax returns. Another democrap wasting space.

Even if Trump turns out to be a grade A douche and a total failure, I still don't give a crap about his tax returns.....And speaking of which, I still want to see Barry's real birth certificate, college applications and transcripts.

 

[MikeM]

How about the submission of a birth certificate? I recall someone having a problem with that.

As a CPA who prepares returns for high net worth people I tell you that a tax return, without analysis of the backup information tells you nothing. Trump probably has a few hundred K-1's flowing into his return. These don't show anything but the profit or loss from the business, no details.

People wanted to know if he has foreign loans but dollar amounts of interest show but not who it is paid to.

If his hotels are C Corps,all you would see is wages or dividends, again, wages even if from 100 companies was reported,the return would just show the one total amount, not what was paid by each company.
Real estate usually shows losses, especially in the early years due to depreciation. Least say you own a building where your income exactly equals your expenses, you assume you show 0 but here comes depreciation which says you can write off the buildings cost over X years as an expense. So now your return shows a loss. This is temporary in that when you sell the building, you treat those accumulated losses as income. And pay capital gains tax on them.

I can go on but need to keep it simple. BTW, one of my clients that owns 100 shopping centers,all domestic, has a return over 1000 pages. You can easily triple that if they were foreign owned.

 

[Saltwater60]

Seriously, with everything that is fucked up today, this is your priority. Bunch of whiny, butt hurt, sniveling limp dick douche fucks!

View attachment 4516

Looks like a duche bag, acts like a duche bag, and makes laws like a duche bag......he's a duche bag it's confirmed.