Death and Taxes, Part II

“Noooooooo!”

The House Ways and Means Committee pulled the trigger and released Lord Damp Nut’s taxes, and we believe that only bats and certain dogs can hear the shriek coming from Merde-a-Lardo (emphasis mine):

The House Ways and Means Committee on Tuesday voted 24 to 16 to release former president Donald Trump’s tax returns, capping a protracted legal and political battle that began when Trump was in the Oval Office.

Democrats have for more than three years pushed to make Trump’s tax returns public, and the documents were finally made available to the Ways and Means Committee late last month after the Supreme Court denied a last attempt by Trump to withhold the records.

After the vote, the committee revealed that the Internal Revenue Service did not audit Trump’s returns during his first two years in office, despite a rule mandating such reviews, and never completed any audits while he served.

I’m shocked.

So, waiting for the audit to conclude was just another lie. Shocking, I know.

It also means that the IRS did not perform the mandatory audit of the prznint. I continue to be shocked.

Anyway, the Committee has released a 39-page report summarizing  the top-level numbers from the returns: Lord Damp Nut rarely pays much in taxes:

CNBC:

“On their 2020 income tax returns, Trump and his wife Melania paid no federal income taxes and claimed a refund of $5.47 million.”

W$J:

“Donald and Melania Trump reported negative adjusted gross income in four of the six years from 2015 through 2020, with their AGI totaling negative $53.2 million during that period, according to tax data released Tuesday by the House Ways and Means Committee,” the Wall Street Journal reports.

“The Trumps paid some form of taxes every year, but paid $750 or less in income taxes in three of the six years.”

As John Edwards used to say, there are two Americas, and you and I are not in the same one as the billionaires.

This entry was posted in Bastards, blood sucking leeches, Liars, Taxes, Hair Führer Donald Trump, Tax Cheat, Billionaire Bastards, Lying Liars Who Lie. Bookmark the permalink.

9 Responses to Death and Taxes, Part II

  1. Jimmy T says:

    Just gonna drop this off…

    Liked by 1 person

  2. The Margie Three Toes House (even if the “Speaker” is nominally K-Mac) is gonna go hog-wild with this precedent. For sure all Biden family member’s are gonna get doxxed, Dem Senators and House members, reporters they don’t like, anyone remotely in the public eye they don’t like, etc.

    Liked by 1 person

    • tengrain says:

      The existing law allows the House Ways and Mean chairman to request anyone taxes as long as there’s a legitimate, legislative question on oversight involved.

      So they have to come up with that first and then do it. Which is, of course, only a formality.

      Rgds,

      TG

      Liked by 1 person

      • Actually, I looked up the relevant law (passed in, IRRC, 1930) when Mnuchin first refused their request and it says ‘Congress may request anyone’s tax returns and the Secretary of the Treasury is required to comply’ no caveats.

        I think it was passed when Congress wanted to know wether Secretary Mellon was profiting from his position (of course he was! This was the second most corrupt administration in US history after Potus Pol Potbelly’s ) and demanded his tax returns.

        So it may be Congressional rules (ie: institutional custombecause Congress can change their rules at will ) that it requires a legitimate legislative question, but it’s not part of the law.

        As you say, though, a mere formality.

        Liked by 1 person

      • MDavis says:

        Didn’t congress request tfg’s returns and get nada? So, more charges against the Secretary of the Treasury?
        Or maybe that is one of the many rules where the answer to “or what?” is “nothing, I guess”.

        Liked by 1 person

      • Yeah, when they first did it is when I looked up the law….

        Liked by 1 person

  3. MDavis says:

    Soooo… first investigation branch is how he prevented the mandatory audits?
    Also – no time like the present to perform those “overlooked” audits.

    Liked by 1 person

  4. roket says:

    There’s also a club. (h/t Driftglass)

    Liked by 1 person

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