Oh look, more Trump scams
by digby
This one may be a legal scam but so what?
Donald Trump has created an uproar by being the first presidential candidate since Richard Nixon to refuse to release his tax returns. He claims, implausibly, that he can’t do so because he is under an IRS audit. Many speculate that there’s a different reason—Romney has even blasted him, saying his returns would show a “bombshell of unusual size.”
One thing is certain. If Trump’s full tax returns are ever released, the country would get an up-close look at how Trump’s empire sits upon a real-estate tax racket, composed of a princely pile of tax breaks, loopholes, and deferrals that make wealthy real-estate developers even wealthier by eliminating most of their taxes. For Trump, it’s a point of pride: “I fight like hell to pay as little as possible,” he said in August 2015.
Apparently these real estate developers rarely pay any taxes which may be why he doesn’t want to release them. But who knows what’s in those things? His finances are so tangled and byzantine that it could be anything.
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