New York May Allow Release of Trump State Tax Returns

[applegrove]

New York May Allow Release of Trump State Tax Returns

May 7, 2019 at 3:08 pm EDT By Taegan Goddard 10 Comments

https://politicalwire.com/2019/05/07/new-york-may-allow-release-of-trump-state-tax-returns/

"SNIP....

“As the standoff over President Trump’s federal tax returns deepens in Washington, New York State lawmakers say they intend to advance a bill on Wednesday to allow congressional committees to see Mr. Trump’s New York State returns,” the New York Times reports.

“State Senator Brad Hoylman, a Manhattan Democrat, confirmed on Tuesday that the State Senate has enough votes to ensure passage of a bill… The State Assembly has been slower to embrace the bill. ”

“A tax return from New York — where the president has the headquarters of his business empire and a home in Trump Tower — could contain much of the same financial information as a federal return, which Mr. Trump has steadfastly refused to release.”

.....SNIP"

[calimary]

1. EXCELLENT!!!

[2naSalit]

2. Oh boy!

[ALBliberal]

3. I have chimed in before on this but think it's still

noteworthy. Many states require attachment of the federal return and also other state returns if taxpayers file in more than one state. At a minimum, state returns draw heavily on the data in the federal return. Release of the NY return(s) will most likely be a huge piece in figuring out Trump’s sketchy financial picture.

[BootinUp]

4. Don't think about it

Just do it.

[TNLib]

5. Good!

[safeinOhio]

6. Would make New York the

Sunshine State.

[dchill]

7. Marvin Gaye says...

Let's Get It On!

[Grammy23]

8. Where there is a will --

There is a way. Let’s get about finding a way! No time to waste waiting for the courts to help us. That would suit tRump just fine. Run out the clock. Nope. Do it now.

[StarfishSaver]

9. More than one way to groom a cat

[Duppers]

10. I'll be 💃 in the streets!

Bring 'em on, the sooner the better.

[Hortensis]

11. Now, how did I never wonder about state returns?

Sheeple syndrome? Sheez. Wonder, would they would release anything to congress, or would anything found of interest only be turned over to the state AG?

[Marcuse]

12. Here comes Trump v Cuomo.

[Sancho]

13. Wouldn't MF45 have income in other states where he filed returns? NJ, SC, etc.

There only needs to be one that produces returns...

[SergeStorms]

31. Since he resides in NYS...

I believe the income earned in those other states would still be reported on his NYS tax return. The main difference between a federal tax return and the NYS tax return is the deduction of NYS taxes paid on his federal return (which Trump deep sixed with his tax give-away to the rich "reform" last year). There's not much difference between the state and federal returns.

[Sancho]

32. I reside in Florida, but the family business is in SC so I have to file a SC return...

maybe an accountant can say for sure, but I thought that any income earned in a state usually means a tax return in that state.

[SergeStorms]

33. It depends where the business was incorprated.

You can have businesses in multiple states, but where you incorporated your business would be the state where you filed income taxes. Sales tax is a different story. In Trump's case I believe most (if not all) of his businesses are incorporated in New York State.

[El Shaman]

14. Now , has this

been cleared with 'Master Putin' ??

[NBachers]

15. Good thing we got rid of that crowd of "Democrats" in New York that always sided with the repubes.

[Politicub]

16. Do it and ask for forgiveness later

Actually, never apologize, no matter how much the GOP howls.

[Wounded Bear]

22. GOP never apologizes...

[onetexan]

25. no apologies needed, just do it!

The buffoon plays hard, New Yorkers can play harder. They've got an excellent AG whose not afraid to take him on to boot.

[George II]

17. Let's change that "may" to "will"!!!

[SunSeeker]

18. DO IT!!

[Pepsidog]

19. Why warn him. Slip it into a bill, sign it and release them. Now he will try and get an

Last edited Tue May 7, 2019, 07:20 PM - Edit history (3)

injunction stopping NY. The next shoe to drop is all the campaign money spent on lawsuits. Maybe legal, I don’t know, but dumb ass conservatives are pouring money into his campaign to support his litigation.

[mountain grammy]

20. Exactly!

[Doitnow]

21. My thoughts exactly. Why give the monster in the WH time to get in the way of

the truth? Just get it out there. Does anyone else have info on the creep? Please save our country, because it needs saving!

[barbtries]

24. cool. less money for ads and propaganda.

trump is a money pit that's plain.

[barbtries]

23. i'm just a little person,

but i can't do my state taxes until after i do my federal, because i have to carry over numbers from the federal. so i think this could be quite useful.

the news that broke today is good. because it embarrasses him. ooh i can only imagine the mood that motherfucker is in right now.

i think it makes it quite clear that trump is owned by putin by money. lots and lots and lots of money. i've thought this all along and have a nice glow of validation for the moment.

so we'll see. will this move the needle? will NY follow through? tune in tomorrow for another episode of the trump reality show. i wish it would get canceled already.

[Blue Owl]

26. Start spreadin' the news...

[at140]

27. What? The emperor has no clothes?

Of course Trump does not want his tax returns made public. It will expose his lies that he is a "winner".

[dalton99a]

28. Just Do It.

[Towlie]

29. Truth is Trump's worst enemy.

I liked the sound of that so much, I made it my signature line. Maybe I'll even have a T-shirt made.

[Lock him up.]

30. K&R

Any word on Morning Joe about that vote? (Got to put 'more' pressure!)