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Free At Last, Free At Last, Thank God Almighty Trump’s Taxes are Free At Last
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Seal of the US Internal Revenue Service
Donald Trump, February 26, 2016 (via PBS):
Republican presidential front-runner Donald Trump is sticking to his new explanation for why he can’t yet release copies of his recent tax returns: The IRS is auditing him, as Trump says it has for the last 12 years.
“Until my audit is finished, you’re not going to see anything,” Trump said Friday, adding that he believes the government has unfairly targeted his returns. “I’m not going to complicate things.”
[snip]
During Thursday’s debate, Trump predicted what anyone reviewing his tax returns would find: “nothing, nothing.” But the odds of being randomly audited every year for a decade is vanishingly small — and Trump’s statement that “four or five” years of his tax returns are actively being audited raised even more questions. The IRS’s normal statute of limitations for an audit is three years — though that time frame is extended in instances of substantial underreporting and there is no time limit on reviews in the event of fraud.
The unsigned “clarifying” statement on the so-called “settlement” of Trump’s lawsuit against himself dba the IRS with respect to his exposure to audits past, present, and future by the IRS, printed on stationery of the Office of the Attorney General:
Further, the May 19, 2026 Order regarding a mutual release of claims applies by its terms only retroactively.
Putting these two together, I guess this now means that since all Trump’s past IRS filings – both his personal returns and the returns of any/all corporate entities – are final and no longer facing a threat of an audit, I fully expect Trump to quickly release his returns from the past five years. He is anxious, after all, to prove just how wonderful a businessman he is and just how fabulously wealthy he is, a billionaire (at least!) the likes of which the world has never seen.
Right?
I also expect a complete Democratic sweep of the US House and Senate races in November, and a pony under my Christmas tree this December.
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