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.
How to Efficiently Scale With Capital
The goal of most startup companies is to achieve growth and profitability. However, the process of achieving those goals can be different for every company. The key to long-term success for most startups is to scale with efficiency, but that is not always easy. I recently read an interview by Alan Olsen, CPA and…
How Will the New President Change Taxes for the Wealthy?
So which side are you on? Trump, Cruz, Clinton, Sanders, a write-in candidate, or are you still hoping for an optional third-party independent candidate? The fact is, when it comes to taxes, no matter which candidate you vote for, things will likely be changing for the nation’s wealthiest taxpayers in 2017. Whether or not…
Top Tips to Remember When You Can’t Pay Business Taxes
Business taxes can be a nightmare for a lot of companies; especially small businesses that are trying to stay afloat. Things can get even tougher when it comes time to file your return and you end up on the wrong side of the ledger. So what should you do if you end up owing more…
First Half of Current Fiscal Year a Record-Breaker for U.S. Treasury
It’s been another record year for the federal government so far, which is in the midst of its current fiscal year. At the end of March, when the government reached its halfway point of the 2016 fiscal year, it had already collected $1.48 trillion. One might think that this massive haul would help ease the…