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FROM REGISTRATION TO NEW YORK. The secret that Donald Trump has guarded most closely since entering politics has been revealed: The New York Times found and published his tax returns. Reading its contents, you understand why the head of the White House was so determined to keep them hidden. In fact, these documents prove many embarrassing things to the president, such as that he has not paid taxes for several years, has $ 421 million due to unknown creditors and may have defrauded the tax collector by demanding a refund of $ 72 million to what he did not had the right.
For decades, the practice has been for the head of the White House to publish the tax return, not only so that Americans know their wealth, but above all to avoid the suspicion of conflicts of interest. During the 2016 campaign, Trump refused to do so, using as an excuse that he was under “audit” by the IRS. That is, the tax collector was verifying the veracity of the documents presented, and it was not appropriate to release them until it was finished. Actually, Donald could easily reveal his statements, but had decided not to. Thus he had aroused all kinds of suspicions, but his constituents had voted for him anyway, and for the White House the electoral success had closed the speech.
Congress tried to get the documents in every way, as did Manhattan attorney Vance, who opened a criminal investigation into possible tax fraud by the president. The New York Times, however, arrived first and last night published the content of the statements, without showing them to protect its sources. There is a lot of embarrassing information. In 2016, the year of his election, Trump had paid a total of $ 750 in taxes, as well as in his first year in the White House. For 10 of the previous 15 years he had paid nothing due to huge business losses. In other words, the business was so bad that the red of the accounts was such that it did not justify any claim from the taxpayer. Indeed, about ten years ago Donald had requested and obtained a refund of $ 72.9 million from the Internal Revenue Service, which is now the subject of the ongoing audit: if it turns out that he was not entitled to it, he would be forced to pay the sum. with interest, which is around 100 million dollars. The president has a personal debt of 421 million dollars with unknown creditors, which expire in the next three years.
This raises two problems: first, it is a danger to national security, because it exposes you to the risk of being blackmailed, even potentially by foreign entities; second, it could be the real reason you urgently need to win the November 3 election, in the hopes of protecting your interests by staying in the White House. Then there are other shameful elements, like the suspicion that perhaps he was paying his children through counseling, including Ivanka who works in the White House. She obtained at least 73 million overseas clients after taking office, paying more taxes outside the United States than at home. She had raised $ 427.4 million from the sale of her image, in particular thanks to the television show “The Apprentice,” but she squandered it on past assets, such as many of her golf courses.
The impression, in essence, is that the presidential candidacy was a gimmick to revive the fortunes of his brand, but the result surprised him himself. The documents do not show any particular ties to Russia, but the names of its creditors are unknown. There is no evidence that he used campaign funds to pay pornstar Stormy Daniels not to discuss their relationship, but unspecified legal fees can be hidden. Of course there are at least two problems: if the losses used for not paying taxes are true, you are a bad businessman on the verge of personal bankruptcy; If they are not true, you may have broken the law by defrauding the tax collector.
Trump yesterday called the New York Times revelations “fake news” and his lawyers said he paid taxes. Meanwhile, criminal investigations continue and could be accelerated thanks to these revelations. The first presidential debate with Biden is scheduled for tomorrow and the latest news promises to dominate it.
