Warren Buffett Erases Donald Trump Excuses On Taxes | Warren Buffett Challenges Trump to Show Tax Returns | USA Politics Breaking News
Warren Buffett Erases Donald Trump Excuses On Taxes : Trump often gets away with his deceptions banking on the ignorance of others to help. It just isn’t going to work every time, Warren Buffett – The Guru Of Investment has joined the chorus asking for some transparency. Buffett had previously voluntarily disclosed his tax returns, leading to the proposal for a “Buffett Rule”. Mr.Buffet just challenged Trump by offering to share his filing in public along with Trump’s for Public Scrutiny, and to answer questions posed to both Billionaires.
Buffett’s returns showed he is a fairly simple investor, who avoids higher taxes by holding onto (not selling) his Berkshire Hathaway stock, and who lowers his tax rate by making charitable donations, while Trump’s tax returns since the late 1970s, show that he aggressively attempted to pay no taxes, reporting little or no income, using tax breaks. Buffet has voluntarily campaigned for raising taxes on millionaires. The Buffett Rule, If implemented wouldn’t impact Trump, as he has never earned more than $1 million in any year according to his tax returns .
Buffett challenges Trump to release tax returns but what Trump owes the public who could elect him president.
There is NO legitimate reason for Trump not to release his tax returns, Richard Nixon did so. Is Trump afraid of glaring issues that Internal Revenue Service might otherwise have missed? Clinton and all other presidential candidates for 40 years who have released returns have run the risk of triggering an audit.
Its interesting that in January 2012, Trump himself called for release of Mitt Romney’s tax returns, and said it might have cost Romney the election, because of “one little sentence that they found.” Trump himself has released his returns in other contexts while under audit, But Refusing to share his Tax Returns for public scrutiny while running for the Office of the President doesn’t seem to be fair, that’s the price, Trump just doesn’t want to pay the price.
People ought to set the terms of getting elected president. Buffett pointed out that he too is being audited by the IRS, so he has taken even this argument away from Trump.
Let the public decide if it cares when it has the facts to know if it should care or not. What’s Trump hiding: disclosure of some aggressive investment, a list of charitable contributions, evidence of involvement with foreign or unsavory entities? Well Trump’s “logic” could be : There might be a sentence in my tax returns that could cost me the election, but it would only be because “dishonest media” made a big deal about the “little sentence” and misunderstood it, so it would be sad, because I really should be president — I will make America great again.
Sometimes the truth hurts. But in a democracy, our leaders are subject to the truth as the people see it. Donald has no excuse, his statements on this issue, like many others, reveal very deep and dark problems with his attitudes toward democracy.
