Happy Trump Tax Return Release Day

Created
Sat, 31/12/2022 - 02:30
Updated
Sat, 31/12/2022 - 02:30
What’s that we hear from Mar-a-Lago? It finally happened at 9 a.m. ET this morning (NBC News): A House committee made public six years of former President Donald Trump’s tax returns Friday, the culmination of years of legal wrangling and speculation about what might be contained in the filings. The House Ways and Means Committee had voted to make the thousands of pages of returns public in a party-line vote last week, but their release was delayed while staffers redacted sensitive personal information like Social Security numbers from the documents. Here they are. What is in there that Trump was so desperate for the world not to see? After all, he bragged in 2016 that paying no taxes made him smart. The smartest guy around. Why not showcase that brilliance? Tax pros will study Trump’s 500 or so business empire of  trusts, limited liability corporations and partnerships. But details will be limited (CBS News): “On his return, there will be a white paper schedule in the back — it may be five or 10 pages long — it’s going to list all these entities,” said Bruce Dubinsky, a forensic accountant and founder of Dubinsky Consulting. “We’re not going to know what those [entities] are doing. You’re just going see a line, and an amount — could be income, could be a loss — for that year. We would then need those LLC or S corporation returns to see, OK, what’s going on?” Such a large number of entities makes it more likely…