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Originally Posted by Senator Clay Davis
The tax burden thing sort of depends on whether he's committing tax fraud through his foundation, which is looking increasingly likely. So is his tax burden reduced legitimately is a much better question to ask. If it gets it down to zero through fraud, kinda different. Of course he could release his taxes and we'd know for sure, but obviously that won't be happening.
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I think if he was committing fraud, you would have heard about it by now, or it would have gotten out somehow. Plus, you'd have to be committing some magic fraud to reduce your tax liability via fraud on $600+ million income to nil.
Its all likely shelters, estates, and trusts that get him out of the taxes (for now), but again, looks bad to Joe Q. Public, but good on him.
Its the same thing with offshore companies. Public acts like its committing murder, smart people think its smart. Legal tax avoidance is something everyone should be thinking about.
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Originally Posted by Fighting Banana Slug
He should release those tax returns, so we can all learn from the master and make America great again!
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You would probably not learn all that much from the tax returns (honestly, you'll learn a lot more from all the financial disclosures he's already made). Hillary implied in the debate the taxes would show he might not be wealthy (again, not what tax returns are for).
His son actually gave a very candid answer to this. Releasing the tax returns would provide very little new good information, and would just become a distraction because there is a lot in there that can be taken the wrong way and made to look bad (like Hillary already has).
I'm sure he has some skeletons in his closet and tax returns, but that is half of his appeal.