Why won't Trump release his tax returns?

-
President Trump’s refusal to make his tax returns public is intriguing and troubling. The IRS routinely audits Presidential and Congressional tax returns. Yet former Presidents and most members of Congress have made their tax returns public.
Possible explanations for Trump’s refusal include:
  • His tax returns may reveal that he is not as wealthy as he would like for people to believe. Many real estate investments are heavily leveraged (i.e., mortgaged), so perhaps his substantial real estate holdings represent a relatively small net worth totaling in the hundreds of millions instead of billions.
  • His tax returns may reveal that he derives a disproportionate share of his income from licensing his name instead of the successful real estate deals about which he boasts.
  • His tax returns may reveal aggressive interpretations of the tax code that trigger repeated audits that are not always resolved in his favor.

If Trump’s tax returns would enhance his public image by showing that he possesses great wealth or that his real estate empire is highly profitable, making his income tax returns public would seem to flatter his narcissistic ego. Similarly, if his tax returns revealed that he paid relatively little in tax, his public remarks indicate that he would view that outcome favorably. Maybe Donald Trump is much less wealthy and less successful than he wants people to believe.
Given Trump’s alleged wealth, human’s consistently acting in their self-interest, and Trump’s undeniable consistent self-promotion, the public and legislators understanding how his proposed changes to the tax code would benefit him is vital for transparent, fair government. Is Trump’s support for specific changes to the code motivated by what he thinks best for the nation, what will benefit him, or both? The one tax return that Trump has made public illustrates the importance of those questions as he advocates changes that would have personally benefitted him. In that one return he used deductions related to real estate investments to minimize his income and had to pay Alternative Minimum Tax.

Comments

Anonymous said…
Why didn't Obama release all of his personal info?
May 9, 2017 at 3:35 AM
George Clifford said…
To the best of my knowledge, Obama released all of his tax returns. He also released his birth certificate in response to the specious, supercilious argument that he was not an American citizen by birth. To what "personal info" are you referring.
May 9, 2017 at 2:09 PM
Anonymous said…
There are a number of questions re obama's authenticity including his birth certificate, his social security number, his name change, his college records. I
believe trump, in many ways, will be a disaster (but less of one than Clinton).
However, it seems an inconsistency to me that the media and the dems, who had little interest in finding answers to legitimate questions about Obama, are demanding that trump respond to all of their inquiries.
May 10, 2017 at 5:12 AM
George Clifford said…
Anonymous, Thanks for providing an example of "alternative facts." There are no questions about the authenticity of Obama's birth certificate, his social security number, or anything else. Obama's mother was a US citizen. That makes him a US citizen. The questions about Obama have no basis in fact or law. Conversely, the questions about Trump's motives with respect to tax code changes and other issues are largely of Trump's own making, a result of his refusal to release his tax returns.
May 10, 2017 at 1:52 PM
Anonymous said…
What do you expect trump’s tax returns to show; that he is a money-grubbing narcissist. What else is new. BTW. How do you feel about obama reportedly being paid $3.4 million at the Global Food Innovation Summit or $400M by Cantor Fitzgerald, a loathsome Wall Street group of crony socialists. How about hill and bill and the millions they took from Wall Street cronies.
May 11, 2017 at 7:26 AM
Anonymous said…
and there is no health in us
May 11, 2017 at 2:27 PM
George Clifford said…
Venality is not limited to any one political party.
May 11, 2017 at 10:27 PM
Post a Comment

Popular posts from this blog

A starting point for theology

-
Theology used to be known as the queen of the sciences.Theology was dethroned several centuries ago because of the growing recognition of the scientific method’s inapplicability to theology.
In general, theologians have begun their work from one of two starting points, either implicitly or explicitly.
One of those starting points was God.Theologians working from this starting point presumed that humans could directly apprehend God.For example, the classical arguments for the existence of God – the ontological, cosmological, and so forth – all rest on this presumption.
This starting point requires assuming that humans are able to know God.Consequently, some religious traditions posit that humans have a soul that is similar in nature to God.The Roman Catholic Church, for example, teaches that at conception a human receives an immortal soul.Many other traditions have similar teachings about humans having an immortal or eternal soul.Since the soul is immortal, there is no physical eviden…
Read more

Advent demands we learn patience

-
According to a traditional Hebrew story, Abraham was sitting outside his tent one evening when he saw an old traveler, weary from age and travel, coming toward him. Abraham rushed out, greeted the traveler, and then invited him into his tent. There he washed the old man's feet and gave him food and drink. When the old man immediately began to eat without saying any prayer or blessing, Abraham asked him, "Don't you worship God?"

The old traveler replied, "I worship only fire and reverence no other god."

When he heard this, Abraham became incensed, grabbed the old man by the shoulders, and threw him out of his tent into the cold night air.

When the old man had departed, God called to his friend Abraham and asked where the stranger was. Abraham replied, "I forced him out because he did not worship you."

God answered, "I have suffered him these eighty years although he dishonors me. Could you not endure him one night?"[1]

This morning’s epistle r…
Read more

TMT

-
The question of whether to support or oppose building the Thirty Meter Telescope (TMT) atop Mauna Kea, a dormant volcano on the island of Hawai’i, has recently attracted the national media’s attention and preoccupied a significant portion of The Episcopal Church in Hawai’i (TECH). The controversy came to a head in July when TMT opponents physically prevented construction crews and their equipment from using the only access road to the site. Over three thousand protesters have spent time in the encampment that blocks access. In spite of final court approval and issuance of all relevant permits, construction of TMT atop Mauna Kea now appears unlikely.
As an ethicist, a mediator and a Christian priest, I offer three observations.
First, the discipline of ethics offers little help in resolving ethical dilemmas such as this one that have valid, rational arguments on each side. The two sides rely upon different, incompatible frameworks to justify their conflicting positions.
Proponents advance…
Read more