arguing for the sake of arguing, PGab contradicts himself, what else is new! there is also no law that calls for the automatic audit of presidential tax returns; it has been an IRS policy/practice since 1977.
Corrupt IRS Commissioner, appointed by Trump; didn't release Trump's tax return, didn't conduct the mandatory audit of POTUS Trump's tax return
I don't take Mission Statements that seriously, there all a "wish"..............heck here is the Texans MS, there not exactly living up to that either. IMO any and every person in public office should be held to a higher standard and they must produce tax returns and all business dealings......we`ve seen that most politicians can't be trusted, hell we have one gop member literally fabricating his entire background and was found out and is still taking his office, that's fraud and its unacceptable. If you want the public life, then you have to come clean so we can trust what you`ve done in the past The Texans, whose stated mission is “to create and maintain the most respected and most valuable professional sports franchise in the world,” have three primary objectives: win championships, create memorable experiences for their fans and partners and do great things in the Houston community.
If the IRS doesn't properly look at a person's tax returns can a random person so better? My argument is a candidate's returns shouldn't be made public. They've already been vetted by authorities.
You are making 2 different points. 1 - a politician's tax return should not be made public. That is certainly a valid opinion that can be argued both ways. 2 - Trump's returns were vetted. This has been proven to factually not be true. While President, Trump's returns were not audited even though they were supposed to be. So during that time, a human being did not dive into and examine his returns.
Because they weren't audited doesn't mean they weren't vetted. The IRS looks at every tax return. Audits are extra investigation
See above post. There is an IRS guy from another article posted by Bobrek that says there is an agent specifically assigned to Trump You think the IRS just passes one percenters willy nilly like?
I tried to get a job at the IRS office in Austin when I was a student at UT. This is 27 years ago, it was test. I'm pretty sure I didn't get past that stage but it was just looking at a return and inputting the information in a program, I don't remember that much Not claiming to know the inner workings, just a side note
The IRS and the wealthy. The IRS does seem to have some issues looking at the wealthy but it does have a group assigned to the wealthy https://www.ibanet.org/article/706D2C08-872B-4035-B269-228D85E2E712 2009, to address past criticisms over disparities in the audit rates of low and high-income taxpayers, the then-IRS Commissioner formed a specialised, elite group of field examiners identified as the Global High Wealth Industry Group (the GHW group), situated within the Large Business and International (LB&I ) Division of the IRS.[6] This highly trained group, colloquially known to tax professionals in the US as the ‘IRS Wealth Squad’, was established to focus on the audit and collection of tax of high net wealth individuals and their complex arrangements. An Internal Revenue Service Manual (IRM) document on the GHW group processes and procedures is informative as to the operation of the group, particularly as to how the GWH group identifies audit targets.[7] The GWH group programme goals are to ensure that the group uses its limited resources to identify and examine high wealth taxpayers with the highest compliance risk in a consistent and efficient manner.[8] Granted this group was formed 13 years ago and budget cuts have made it harder to audit the wealthy which is pretty much a fact. That being said Im not arguing about audits, just looking at tax returns in general This is about what the four different types of audits entail. Note, all these all happen after reviewing your returns so regardless everyone's returns are reviewed https://www.investopedia.com/articles/personal-finance/032415/how-do-irs-audits-work.asp
That has nothing to do with the fact that Trump's returns while he was President were not audited as they are required to be. An audit examines a return in detail and scrutinizes the numbers. I'm not sure what you mean by vetting, but it probably just means the math works and all the required information exists. For example, a person can claim a $20,000 charitable deduction that is an out and out lie. That return gets 'vetted' and passes the 'math test', but unless it gets flagged for audit, the person will get away with it.
Do you go through an audit every year? The IRS checks your tax return every year. If you're an employee it matches your W2s to what you've reported. That's checking or vetting or whatever word you choose. It doesn't just pass them without checking them. Somebody looks at everyone's tax returns, you can't just pay what you feel like paying An audit is an investigation, some are random and some happen because there were issues after they vetted them. But they vett every return. That's the point. Vett:. verb (used with object), vet·ted, vet·ting. to appraise, verify, or check for accuracy, authenticity, suitability, etc.: An expert vetted the manuscript before publication. to examine or treat in one's capacity as a veterinarian. https://www.google.com/search?q=vet...icket-us-rvc3&sourceid=chrome-mobile&ie=UTF-8
@bobrek you were correct.... https://katiecouric.com/news/politics-and-policy/trump-taxes-what-we-know/ https://www.forbes.com/sites/howard...-returns-we-need-to-know-why/?sh=49d6ae98474e T_Man
Trump’s tax returns released, documenting that he paid little in federal income taxes in his first and last year of presidency, attributable to the $105 million in losses carry forward on his 2015 return, $73 million in 2016, $45 million in 2017 and $23 million in 2018. the released tax returns also raise questions about the accuracy of some huge charitable deductions Trump claimed on several of Trump’s tax returns.
Of course he had bank accounts and businesses in China, yet called Biden a puppet of China. His hypocrisy is through the roof. When you claim over $50,000 in interest on "loans" for your kids something smells fishy. Daddy's swamp rats.
So it looks like the bottom line is 45 has been skating by with loopholes and tax codes that should have been fixed a long time ago.
