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Originally Posted by Guest
Just guessing that the Senate Intelligence Committee will question Trump or his accountant about who huge sums of interest are owed. (Just like being asked for receipts during an audit)
BTW: how long does an audit normally take? As we move into the 2016 tax season, shouldn't the 2015 audits be finished?
Trump said he wants to release his tax returns as soon as the audit is complete. As president it would be dangerous to give even the appearance of impropriety.
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I have always wondered about previous years. Previous Presidents have offered more than one year of taxes. I presume he is saying that ALL and EVERY year is under some kind of audit, OR he just does not care, such not caring aimed at US..the poor chumps that are supposed to trust him.
Listen, to the poster who seems to feel his/her 35 years of something should disqualify all of us who question the man, I offer FORTUNE who may have a bit more expertise than you...if not, I am sorry...but they said this way back in MARCH.....
"On the campaign trail, Donald Trump has said dealing with the nation's $18 trillion debt will be easy. One reason: Trump could just choose to ignore it. That appears to be how Trump has dealt with some of the debt on his own balance sheet.
You'd think that disclosing the total amount one owes would be an essential line item in any net worth statement, but that figure appears nowhere in Trump's most recently released balance sheet. The Donald does list a category called "loans and mortgages," but that number surprisingly excludes the debt Trump has on a number of buildings that he is a partial owner of, as well as debt he carries on a pile of assets that Trump says are worth over $300 million, but he just labels as "other."
In a previous story, I found that in public financial disclosures, Donald Trump was counting revenues from golf courses, hotel rooms, and sundry sources as “income.” Since Trump didn’t subtract salaries, utilities, maintenance and all the other routine costs, the big numbers he’s trumpeting aren’t income at all, but gross sales. Just as he was overstating his income, his financial statement appears to be understating the size of his debt. The Donald clearly believes that the public deserves no more than a murky view of his own debt picture.
Donald Trump: The $500 Million Debt that He Isn'''t Talking About | Fortune.com
I offer this particular story because of the last sentence which I think caps it all.