Trump Still Not Giving in to Demands Calling for Tax Returns
So what do you think about Donald Trump and his tax returns? This has been the subject of much scrutiny since Mr. Trump announced he was running for president and eventually becoming the republican nominee. Whether you love him or hate him, it appears that most people, even republicans feel that he should release his tax returns for the public to see.
His reasons for not doing so have ranged from he can’t because he’s being audited to people really don’t care about his taxes. More recently, his son, Donald Jr., said disclosing his father’s finances would only serve to cause political problems, “because he’s got a 12,000-page tax return that would create financial auditors out of every person in the country asking questions that would distract from Trump’s main message.”
It seems that just about everyone has an opinion on the matter, including fellow billionaire, Mark Cuban. In fact, we recently shared some thoughts from the Dallas Mavericks’ owner in this blog space: click here to read more. Now it seems that Mr. Cuban, who has pledged his support for Hilary Clinton, has more to say about this subject matter. According to the outspoken entrepreneur, not releasing his tax returns is actually one of the smartest things Mr. Trump has done.
As Mr. Cuban sees it, by not making his tax returns public the republican nominee has been able to keep his returns at the forefront of the campaign, thus allowing him to avoid talking about issues that actually matter. So in other words, Mr. Cuban feels that Mr. Trump’s unreleased tax returns are serving as a very effective diversion. Meanwhile, at this point Mr. Trump still has not indicated exactly when, or if, he will release his returns.
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To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this document is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party…
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