Trump fighting tax return request. What does he have to hide?

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  • tony286
    lurker
    • Aug 2002
    • 57021
    #91
    Originally posted by Grapesoda
    he could be like me???? my income is none of your biz. just sayin...
    Now if he never became President then your right but he is our president. So he loses its none of our business. Presidents have only been doing this for 40 yrs but Trump doesn't do it and it's ok. If Obama did half of what he did, the board righties would be screaming to high heaven.

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      • tony286
        lurker
        • Aug 2002
        • 57021
        #92
        Originally posted by Rochard
        The IRS might know what is in Trump's taxes, but would have no idea if any laws were broken.

        The IRS investigates tax fraud. The IRS does not investigate insurance fraud or bank fraud. If Trump's business collected a million dollars in a insurance claim but there was no damage, that's insurance fraud. If Trump applied for loans and made himself out to have four or five times more in assets or cash on hand compared to what he really had, that's bank fraud.

        The IRS isn't looking into if Trump has any financial connection to any businesses that might be used to build a wall.

        And no, this is not the kind of hing done in authoritarian countries. Every candidate in the past forty years has released their tax returns. They do this to ensure the public they do not have any conflicts.

        What exactly is Trump hiding?

        Newsflash for Republicans... His tax returns are coming out. Maybe not next week or next month or next year, but all of this is going to come out eventually.
        I don't think its crimes he is hiding. I think it's first he isn't really a billionaire or its 1 or 2 not 10. Also that all his financing comes from Russia as his own son said in 2014. Which probably makes him a Russia asset because of the financial connection. But the righties are hypocrites, When Rommey ran he said Russia was the biggest threat and they all cheered. Now its like they aren't that bad. Just like debt was the biggest problem and end of the world while Obama was President now its not so important as Trump is running it to new highs. lol

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          • VRPdommy
            Too lazy to set a custom title
            • Oct 2014
            • 13000
            #93
            Quite honestly, I think it is his debt structure and the way he has went about it.

            Some of that could be illegal ? But I'm sure he has been lying to those financial institutions and perhaps those in other country's.

            But more important, the level of debt probably puts him at risk of undue influence. That part needs revealed publicly to be sure judgements are fair and by the voters only, provided no wrong doing is found.

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              • kane
                Too lazy to set a custom title
                • Aug 2001
                • 20684
                #94
                Originally posted by VRPdommy
                Quite honestly, I think it is his debt structure and the way he has went about it.

                Some of that could be illegal ? But I'm sure he has been lying to those financial institutions and perhaps those in other country's.

                But more important, the level of debt probably puts him at risk of undue influence. That part needs revealed publicly to be sure judgements are fair and by the voters only, provided no wrong doing is found.
                There are stories that he is hundreds of millions in debt to some pretty shady banks and he lied about his assets to get those loans. I don't know if that is true, but if it is, that is something he would not want getting out there.

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                  • VRPdommy
                    Too lazy to set a custom title
                    • Oct 2014
                    • 13000
                    #95
                    Originally posted by kane
                    There are stories that he is hundreds of millions in debt to some pretty shady banks and he lied about his assets to get those loans. I don't know if that is true, but if it is, that is something he would not want getting out there.
                    As I have said in these threads for years, his debt is kinda pf a pyramid structure (upside down).
                    He is lucky if he can maintain the interest payments on it.
                    Rates go up a quarter point, he needs new loans to cover for it on top of new loans to maintain it.

                    Undoubtedly, this will unravel sometime soon. But while he is still POTUS ? Probably not.

                    It will come when nobody will give him new loans or interest spikes to much to soon.
                    But in a way, the banks will not take action even if they now know. Realizing the losses would devastate them. As long as he maintains those interest payments, all is good.
                    There are to many eyes on him for him to make many of the plays he might have, many have to be disclosed while in office.
                    And if you have been paying attention, he seems overly concerned with interest rates.
                    Lying about the value of assets would be top on the list.

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                      • ztik
                        Confirmed User
                        • Aug 2001
                        • 5196
                        #96
                        They want to use it against him to make the poor liberals be more jealous
                        .

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                          • VRPdommy
                            Too lazy to set a custom title
                            • Oct 2014
                            • 13000
                            #97
                            Just keep in mind, when those bank loans go south, it will be a chain reaction just like Bernie Madoff.

                            But guess who pays for the Billions down the tubes...
                            You do in many different forms from the banks trying to make up for the losses and not limited to tax revenue you will need to offset eventually.

                            If congress does not get it now, everyone else will when he is no longer POTUS. But it is coming. His biz days are over when he leaves office.

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