Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

Lee-Lee

(6,324 posts)
10. Pretty much everyone with returns like his is automatically audited
Wed Mar 28, 2018, 11:51 AM
Mar 2018

But what they are looking for is just tax fraud or errors.

So if he failed to report income or he claimed deduction that were not legal, that would be what they look for.

Now what they don’t look at is deeper. If he says he made $500,000 on a certain deal all they look at is did he report that number accurately and did he pay the right amount of taxes on it.

What they don’t look at is was that deal that made that $500,000 a legal deal, was it from questionable sources, etc.

People seem to think if they get to see his returns they will see all kinds of fraud and evil, but in reality I doubt they will. Even returns like his don’t list all the details of income and the deals behind it, just amounts and totals.

What I do expect they would show is that he’s not nearly as rich or nearly as good a businessman as he hypes himself to be.

Aside from that, I don’t know what they think they will find in them. I

Latest Discussions»General Discussion»One Question I've Always ...»Reply #10