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April: IRS Commissioner Charged With Releasing Trump Tax Returns Profits From Trump-branded Property
Walter Shaub RetweetedCongress sued Trumps IRS Commissioner after he refused to release Trumps tax returns. Trumps IRS Commissioner makes as much as $1 million in rental income from Trump-branded property he owns.
Link to tweet
IRS COMMISSIONER CHARGED WITH RELEASING TRUMP TAX RETURNS PROFITS FROM TRUMP-BRANDED PROPERTY
By Caroline Zhang
April 25, 2019
President Trumps hand-picked IRS Commissioner, Charles Rettig, earns as much as $1 million in rental income from the Trump-branded properties he co-owns while facing demands from Congress to release Trumps tax returns. The IRS has already missed more than one deadline set by the House Ways and Means Committee to turn over Trumps tax returns. (Rettig has stated that he will decide whether or not to release the tax returns, under the supervision of Treasury Secretary Steve Mnuchin.)
When Trump nominated Rettig to lead the IRS in February 2018, Rettig initially failed to disclose that the Hawaii real estate he owned was at a Trump-branded property. He bought a 50 percent interest in two units at Trump International Waikiki in 2006 ahead of the buildings completion in 2009. It is likely that Trump profited off of his future-IRS commissioners purchase; although the Trump Organization does not own the Waikiki property, its branding deal gave it a 10 percent share of total pre-sales.
Records indicate Rettig is definitely making money from this purchase: on his financial disclosure, he reported an income between $100,000 and $1 million in rent and/or royalties from the units. The two one-bedroom condos are valued around $1.2 million each, according to Hawaii property records. President Trump also made a promotional appearance at the property in 2017 ahead of a diplomatic trip.
Rettigs financial interest at Trump-branded property raises serious ethics questions as the president continues to fight to keep his tax returns secret. The public has a strong interest in seeing the presidents tax returns to understand whether he is using the White House to further his own bottom line. The fact that Trumps IRS Commissioner is entangled in the presidents business interests means we have to ask whether Rettigs decision on releasing the presidents tax returns is based on the public interest or his own financial interests.
Related Tags: charles rettig, IRS, Trump Administration
By Caroline Zhang
April 25, 2019
President Trumps hand-picked IRS Commissioner, Charles Rettig, earns as much as $1 million in rental income from the Trump-branded properties he co-owns while facing demands from Congress to release Trumps tax returns. The IRS has already missed more than one deadline set by the House Ways and Means Committee to turn over Trumps tax returns. (Rettig has stated that he will decide whether or not to release the tax returns, under the supervision of Treasury Secretary Steve Mnuchin.)
When Trump nominated Rettig to lead the IRS in February 2018, Rettig initially failed to disclose that the Hawaii real estate he owned was at a Trump-branded property. He bought a 50 percent interest in two units at Trump International Waikiki in 2006 ahead of the buildings completion in 2009. It is likely that Trump profited off of his future-IRS commissioners purchase; although the Trump Organization does not own the Waikiki property, its branding deal gave it a 10 percent share of total pre-sales.
Records indicate Rettig is definitely making money from this purchase: on his financial disclosure, he reported an income between $100,000 and $1 million in rent and/or royalties from the units. The two one-bedroom condos are valued around $1.2 million each, according to Hawaii property records. President Trump also made a promotional appearance at the property in 2017 ahead of a diplomatic trip.
Rettigs financial interest at Trump-branded property raises serious ethics questions as the president continues to fight to keep his tax returns secret. The public has a strong interest in seeing the presidents tax returns to understand whether he is using the White House to further his own bottom line. The fact that Trumps IRS Commissioner is entangled in the presidents business interests means we have to ask whether Rettigs decision on releasing the presidents tax returns is based on the public interest or his own financial interests.
Related Tags: charles rettig, IRS, Trump Administration
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April: IRS Commissioner Charged With Releasing Trump Tax Returns Profits From Trump-branded Property (Original Post)
mahatmakanejeeves
Jul 2019
OP
Really easy to misread these headlines as saying he's in trouble FOR releasing Trumps taxes ...
mr_lebowski
Jul 2019
#3
Nevermypresident
(781 posts)1. Same shit, different day. Stall, stall, stall, no real consequences.
There are no checks and balances anymore.
dalton99a
(81,485 posts)2. Kick
mr_lebowski
(33,643 posts)3. Really easy to misread these headlines as saying he's in trouble FOR releasing Trumps taxes ...
Just saying.
lame54
(35,290 posts)4. Let's start with HIS tax returns
Captain Zero
(6,805 posts)7. Exactly. Congress should now ask fpr Rettig's tax returns.
Find out what he is hiding about himself. Has there ever been this much insider dealing? Appointing someone who profits off your enterprises as the IRS Commisioner. It's almost like they planned it.
djacq
(1,634 posts)5. Perfect Example of Corruption.
SunSeeker
(51,551 posts)6. K & R for exposure.
Ilsa
(61,695 posts)8. Trump restocked the swamp. nt