What’s in Those Tax Returns? Some Informed Guesses
However, there were some clients that hated the tax code, and the entire Byzantine process (not to mention our fees). So some of them opted out until something came along and forced their hand to file (e.g., an audit).
.. All this to say Trump reminds me of some of those clients who literally kept a small army of accountants and lawyers busy year round. One of my friends called clients like that “Pig-Pen,” after the Peanuts character that always left a trail of dust behind him.
Guys like Trump are “Masters of the Universe,” and maneuver in and out of bankruptcies, and partnerships, and *deals* in such a fluid manner that dealing with the IRS is like just another banker sitting around the table.
.. My assumption is that his health-care records reveal a stigmatized health condition. As he was by all accounts, including his own, quite the swordsman in his day (the ’70s and ’80s) there is a very high likelihood he has at some point contracted herpes or HPV.
.. With regard to Trump’s taxes, he has received the NY State STAR tax rebate for the past two years. This tax reduction is automatically given to anyone making less than $500,000 in reported income… The STAR rebate has not been revoked as far as I’ve seen (it is granted electronically). Trump is a billionaire claiming a tax credit meant for middle-class New Yorkers, because of depreciation rules for his real-estate holdings. I’m sure that’s a big part of why he doesn’t release his tax returns.