Fogbow

Slim Cognito wrote: ↑Thu Dec 29, 2022 4:23 pm Just a random, out in the cosmos thought that came to me because I'm on drugs now (for life stresses) and, when hearing trump's crazy ass NFT pitch claiming to be better than Washington and Lincoln, I wondered, has he ever compared himself to St. Ronnie?

Trump: People would say I’m ‘far greater than Ronald Reagan’ if my name weren’t Trump

'I blow Reagan away!' Trump says he's been more successful than the Gipper but 'fake news' and even conservative pundits don't give him enough credit

Greatgrey wrote: ↑Fri Dec 30, 2022 9:15 am TAXES

Or go to the committee web page, Attachment E
https://waysandmeans.house.gov/media-ce ... -mandatory

WAYS AND MEANS COMMITTEE VOTES TO RELEASE INVESTIGATION OF THE IRS’S MANDATORY AUDIT PROGRAM UNDER THE PRIOR ADMINISTRATION

Dec 30, 2022 Press Release

WASHINGTON, DC—The Ways and Means Committee voted to publicly release the Committee’s investigation of the Internal Revenue Service’s (IRS) Mandatory Audit Program under the prior administration. The Committee’s investigation found the mandatory program was dormant, at best, with only one audit opened while the former President was in office, and none have been completed.

Greatgrey wrote: ↑Fri Dec 30, 2022 9:15 am TAXES

Or go to the committee web page, Attachment E
https://waysandmeans.house.gov/media-ce ... -mandatory

Excerpts from Chairman Neal’s opening statement:

“Ways and Means is entrusted with great responsibilities. Today, the weight of our job is heavy. Congress serves as a check on the Executive Branch, and our Committee is entrusted with oversight of our revenue system. We all come to Ways and Means with the goal of creating a fairer tax code. Because at the root of it all, it is our federal tax system that funds the democracy we all cherish and love.

“Our voluntary collection relies on the public confidence that our tax laws are applied evenly and justly, regardless of position or power. For four years, the Committee has been reviewing how the IRS enforces the federal tax laws against, and ensures compliance by, a president.

“A president is no ordinary taxpayer. They hold power and influence unlike any other American. And with great power comes even greater responsibility.

“We are only here today because four years ago, our request to learn more about the program under 6103 was denied. This was the first time that this key oversight function was hampered, and our Committee’s jurisdiction was challenged.

“The Committee expected that these mandatory audits were being conducted promptly and in accordance with IRS policies. However, our review found that under the prior Administration the program was dormant. We know now, the first mandatory audit was opened two years into his presidency. On the same day this Committee requested his returns.

“We anticipated the IRS would expand the mandatory audit program to account for the complex nature of the former president’s financial situation yet found no evidence of that. This is a major failure of the IRS under the prior administration, and certainly not what we had hope to find.

“But the evidence is clear. Congress must step in. I’ve proposed legislation to put the program above reproach. Ensuring IRS conducts yearly, timely examinations while publicly disclosing certain information.

“Our work has always been to ensure our tax laws are administered fairly and without preference, because at times, even the power of a president can loom too large.”

Democrats release Trump’s tax returns, and CPAs weigh in: ‘In order to generate these kinds of losses, you need to be super rich. It’s not a poor man’s game.’

Last Updated: Dec. 30, 2022 at 2:11 p.m. ET
First Published: Dec. 30, 2022 at 11:41 a.m. ET
By Quentin FottrellFollow

‘The personal tax return is just the tip of the iceberg’

Democrats released six years of Donald Trump’s income-tax returns on Friday, providing further insight into the former president’s tax situation. Trump and his wife, Melania, paid $0 in income taxes for 2020, according to a report released late Tuesday by the congressional Joint Committee on Taxation.

The nonpartisan committee’s findings also raised several red flags related to the filings, namely Trump’s carryover losses, loans to his children that may or may not also be considered taxable gifts, and deduction-related tax write-offs.

That year, as the COVID pandemic hit, the Trumps reported a loss of $4.8 million. For 2018 and 2019, the then-president’s reported income increased and they paid approximately $1.1 million in federal taxes each year.

The Internal Revenue Service only started to audit Trump’s 2015 tax filings on April 3, 2019, more than two years into his presidency, which some commentators say is a sign of the strained resources at the IRS.




https://www.marketwatch.com/story/democ ... 1672418485

Volkonski wrote: ↑Fri Dec 30, 2022 3:58 pm The Associated Press :verified:
@ap@news.twtr.plus
A bank account in China. A year with no charitable donations. Pensions for acting.

Here's some of what Donald Trump's tax returns have revealed. https://apnews.com/e49136caa6b4265705c

Volkonski wrote: ↑Fri Dec 30, 2022 3:58 pm The Associated Press :verified:
@ap@news.twtr.plus
A bank account in China. A year with no charitable donations. Pensions for acting.

Here's some of what Donald Trump's tax returns have revealed. https://apnews.com/e49136caa6b4265705c

MsDaisy wrote: ↑Fri Dec 30, 2022 4:30 pm The link says "Page not found"...