General Discussion

JustABozoOnThisBus

(24,641 posts)

22. Can't he release a 1040 form with any numbers he feels like?

Sun May 15, 2016, 07:50 AM

May 2016

Is it illegal to release false information about income and tax?

As long as he doesn't submit the false return to the IRS, is there any crime?

I was skeptical about rMoney's 1040 when he released it.

But I don't know the legality of this.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

67 replies

= new reply since forum marked as read

Highlight:

Paul Krugman: Trump Won't Release Tax Returns Because He Has Been Lying About His Wealth [View all] KamaAina May 2016 OP

He's keeping something but not wealth amount yeoman6987 May 2016 #1

I agree. Skwmom May 2016 #36

Nothing that precisely measures wealth maybe, but there is info that is Hoyt May 2016 #54

I used to have a lot of respect for Krugman. I mean a lot. BillZBubb May 2016 #2

You beat me to it. Tax returns don't tell the story, especially with hidden wealth riderinthestorm May 2016 #3

Earnings from investments must be reported, taxes on assets BootinUp May 2016 #9

they don't like anyone who isn't Feeling the Bern Skittles May 2016 #10

Not when you have large holding in real estate. Skwmom May 2016 #37

Real estate taxes are reported, and assessments can then be checked. It would be EASIER, pnwmom May 2016 #42

Real estate taxes would not be reported. former9thward May 2016 #55

If those companies are owned by stockholders the companies will have to publicly report finances. pnwmom May 2016 #57

Not how it works. former9thward May 2016 #58

Not really, no. You can develop estimates based on the income from assets. Zynx May 2016 #12

"In general" Major Nikon May 2016 #14

Baloney. I said in general, because on some simple returns you could guess. BillZBubb May 2016 #24

On a simple return it would be harder to guess Major Nikon May 2016 #45

No, it's because he questioning Berni-nomics, as have most reputable economists joeybee12 May 2016 #27

Bullshit. You Hillary fanatics will believe anything. BillZBubb May 2016 #34

Nope... joeybee12 May 2016 #39

Simplistic BULLSHIT. You are making a fool of yourself. BillZBubb May 2016 #43

Read below...yes you can... joeybee12 May 2016 #47

You continue to make a fool of yourself. Not surprising. BillZBubb May 2016 #48

Keep digging in..but you know if Krugman joeybee12 May 2016 #53

You're probably making Krugman sad Nevernose May 2016 #65

Since its in the Caymans and other such places we'll never know. Skink May 2016 #4

I have seen convincing estimates that he is worth about $2 billion at the most, tblue37 May 2016 #5

he is worthless to me Skittles May 2016 #16

Whether $2 billion or $10 billion he is still a very wealthy person. BillZBubb May 2016 #25

It's not silly... joeybee12 May 2016 #40

You don't think $2 billion is huge wealth? or possibly $4 billion? It is silly. BillZBubb May 2016 #46

*FACEPALM* basselope May 2016 #6

I think he does, but, first of all, economics and finance are not the same thing. Zynx May 2016 #13

Not really... basselope May 2016 #15

How about charity donations jamzrockz May 2016 #20

OH YES! Very much so. basselope May 2016 #23

Yeah, it does... joeybee12 May 2016 #30

But, it just doesn't. basselope May 2016 #49

Hard to argue with such "reason" joeybee12 May 2016 #51

scroll up for reason basselope May 2016 #59

Um, most candidates will realease more than one year... joeybee12 May 2016 #41

"standard" is whatever it is... this didn't exist prior to Nixon. basselope May 2016 #50

Yes you can...and it was standard until Mittens rMoney joeybee12 May 2016 #52

Wrong. basselope May 2016 #61

His stock holdings are, by his supposed disclosure, largely dividend paying holdings. Zynx May 2016 #62

Baloney, not on the returns of someone like Trump. BillZBubb May 2016 #26

Assuming he submits all of his related documentation for the LLCs he holds his real estate in, we Zynx May 2016 #63

And Hillary will not release her Wall Street transcripts because she loves them!!! Logical May 2016 #7

Post removed Post removed May 2016 #18

Bullshit, I WANT to know what she said in those speeches. Any real dem would. It matters because.... Logical May 2016 #19

you could easily google it and find out what people who were there joeybee12 May 2016 #31

Are you logic deprived? Apparently so. BillZBubb May 2016 #29

What does that have to do with trump? gwheezie May 2016 #38

The Good Doctor blows it on the wealth issue... Wounded Bear May 2016 #8

Um...where do business partners/associates show up on tax returns? joeybee12 May 2016 #32

Not necessarily on the 'returns'... Wounded Bear May 2016 #44

I wouldn't be surprised if it's both. GoCubsGo May 2016 #35

Shady Donald JosephAlanWatson May 2016 #11

"The revelation that Trump has been lying about something won't do much to harm him given he lies pampango May 2016 #17

Like his, um, hands. Octafish May 2016 #21

Can't he release a 1040 form with any numbers he feels like? JustABozoOnThisBus May 2016 #22

Yup LyndaG May 2016 #28

KamaAina—A Hillary Clinton Website; A Corrupt Clinton ‘Liberal’ CobaltBlue May 2016 #33

Trump-bashing is Trump-bashing. KamaAina May 2016 #56

KamaAina—I consider the source[s]. CobaltBlue May 2016 #64

You know, this part might be tinfoilish DonCoquixote May 2016 #60

This was my original horror of citizens united gwheezie May 2016 #66

K & R nt TeamPooka May 2016 #67