They know that Trump is a criminal, and they want to put the screws to him to make the dirt come out, but he has not been put on the rack yet. They will scrutinize his tax returns, which he claimed that he was not able to release because he was under audit, but he is no longer the president and he can’t continue to make excuses, so these tax experts will run through his tax return and start ripping it to pieces, and then he’ll end up in an audit, which will ultimately produce taxable consequences, and he will be forced to pay penalties and I hope this ends in jail time for him. Trump has tried to avoid releasing his taxes for decades and it is not clear yet if he broke any laws, but it is thought that he has avoided paying hundreds of millions in taxes over the last 10 years. Trump has overstated the value of his assets to brag about his wealth in an attempt to be listed amongst the wealthiest people in Forbes magazine, but when it comes to the IRS, he has taken the opposite position, saying that his assets are worth far less than what has been reported.
One of America’s biggest secrets is the speculation over what exactly is Donald Trump hiding in his tax returns, but most people feel it is his lack of paying his fair share of income tax and I am almost certain that he claimed some illegal dubious deductions, or took some distorted suspicious and mysterious write-offs. The Times discovered that Trump paid no income taxes at all from 2011 to 2014, and a paltry $750 in 2016 and 2017. The deal making business genius claimed that his businesses lost massive amounts of money, but he wants to keep this damaging information from public view. In 1985, Mr. Trump reported losses of $46.1 million from his core businesses which were largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade and in fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer.
They are just scratching the surface not, but these documents that he was forced to release will be subject to grand jury secrecy rules that will restrict their public release. The New York State grand jury is investigating alleged hush money payments and other issues and their subpoenas span his tax records from January 2011 to August 2019. Trump is doubling down saying this is nothing more than a fishing expedition and he is calling this the greatest political Witch Hunt in the history of our Country. Things are not looking so good for Trump, as he has hundreds of millions of dollars in loans, much of which he personally guaranteed, coming due in the next few years.
Written for Reena’s Exploration Challenge #174.