Posts Tagged ‘financial disclosure’

Trump Paid Nothing in Taxes

May 23, 2016

Trump Paid Nothing in Taxes

“The last time information from Donald Trump’s income-tax returns was made public, the bottom line was striking: He had paid the federal government $0 in income taxes.

The disclosure, in a 1981 report by New Jersey gambling regulators, revealed that the wealthy Manhattan investor had for at least two years in the late 1970s taken advantage of a tax-code provision popular with developers that allowed him to report negative income.

Today, as the presumptive Republican presidential nominee, Trump regularly denounces corporate executives for using loopholes and ‘false deductions’ to ‘get away with murder’ when it comes to avoiding taxes.

‘They make a fortune. They pay no tax,’ Trump said last year on CBS. ‘It’s ridiculous, okay?'”

— “Trump once revealed his income tax returns. They showed he didn’t pay a cent.” Drew Harwell, Washington Post

More:

“Donald Trump, the welfare king,” Dana Milbank, Washington Post

“Donald Trump signed off deal designed to deprive US of tens of millions of dollars in tax,” Ruth Sherlock, Edward Malnick, and Claire Newell, The Telegraph

See Kim Warp’s New Yorker take here.

Related:

“Trump’s Chip-Shot Charity,” NotionsCapital

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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President Romney Demands Financial Disclosure

November 8, 2012

President Romney Demands Financial Disclosure

The Transition Team website for President-Elect Willard Mitt Romney had a sneak preview yesterday, and Political Wire’s Taegan Goddard saved a few screenshots before it went dark again. Looking for a job in the Romney Administration? “Government service is not for everyone,” warns the site, which also cautions:

“The financial holdings and sources of income for most applicants under serious consideration must be disclosed for review for possible conflicts of interest, and any conflicts must be remedied by divestiture, creation of special trusts, etc.”

This from a man who refused to release his own tax information.

Like his economic policies (tax cuts for the rich, corporate deregulation), Mr. Romney appears to have cribbed this from George W. Bush. The Bush transition site language is identical.

This is sad news for Rafalca Romney, a galloping favorite for Cayman Islands Ambassador. Told to turn over tax returns, Rafalca replied “Whoa!”

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