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Trump Tax Returns
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<blockquote data-quote="bacha29" data-source="post: 5483764" data-attributes="member: 58386"><p>The issue is not the methods Trump used to reduce or eliminate his tax liability but whether or not he willfully altered the information reported in order to reduce his liability. </p><p>The problem with the system is that it is dependent on every citizen to be honest in their reporting of their income and due to continued budget cuts over the years the IRS is now only able to audit less than 1% of all returns. </p><p>The thing to watch for here is whether Trump will be absolved or will he get nailed for failure to report accurate and truthful returns. There are varying degrees of criminality involved . The worst of which is willful tax fraud . The level his company was convicted of.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5483764, member: 58386"] The issue is not the methods Trump used to reduce or eliminate his tax liability but whether or not he willfully altered the information reported in order to reduce his liability. The problem with the system is that it is dependent on every citizen to be honest in their reporting of their income and due to continued budget cuts over the years the IRS is now only able to audit less than 1% of all returns. The thing to watch for here is whether Trump will be absolved or will he get nailed for failure to report accurate and truthful returns. There are varying degrees of criminality involved . The worst of which is willful tax fraud . The level his company was convicted of. [/QUOTE]
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