Page 495 - Audit News Today

Trumps taxes and then release them. that committee did that today. take a listen to the lawmakers paid. >> the american people have a right to know about this alarming state of noncompliance with the presidential audit. they cant take our word for it. they need to see the returns themselves. >> they have released a dangerous weapon that overturns decades. the era of political targeting cubs as enemies list is back. >> so those taxes did come out today. if you look at the federal income taxes pai...

>> yeah, mehdi, i think -- irs has had don trumps tax returns and its hot brutal hands for years. i think at least figuratively trumps irs commissioner charles redding had these tax returns. there was a mandatory audit requirement of the president every year. he was in office -- and i know the irs explanations keep shifting. but it is pretty clear that they did not do the mandatory audit. and i love their excuse that they did not have the resources. well, first of all, nobody said that governing...

The democrats have charged forward with an unprecedented decision to unleash a generous new political weapon that reaches beyond the former president, overturning privacy protection from average americans that have existed since watergate. what is your response to that -- i dont know. his ideas there. >> my biggest response is, he is not an average american. he was the president of the united states of america, with control over the tools of the u.s. government and with tax returns that are so c...

Again that the reason he couldnt release his taxes while he was a candidate for the presidency was because of an audit? >> a great question. you dont see that in the report that the house ways and means committee released. what they assert is that the presidential mandatory audit policy was not followed during his presidency. that seems true. but theres also a reference in there to something we reported, which is a massive refund of $73 million that he claimed starting tax year 2009. that audit ...

The american people, all of you watching tonight to know that hes paid nothing in federal taxes. painothinthat i paid millions f in taxes, millions of dollarst e of income tax. and let me just t telltell you,e was a story in one of- the papers that tax paid 38 million dollars one year. i paid twenty seven million. raf >> your tax returns. democrats frame the request for the returns around congressional oversight.d thatt they asserted that the irs wasnt doing its jobhe conductih proper audit of t...

Has been no address of that in this report. i cannot believe that there was no information, there was some information on the report, but it was really unsatisfactory. why that audit hasnt been concluded is really frustrating. and id really like to know more on, its it is a huge deal and it could cost him serious money if it goes against him. >> yeah, in 2009 there is this, he filed for this quick refund where the government cut him a check for just a truly shocking amount of money. how much mon...

>> $750 thats a much former president trump paid in taxes i 2016 and 2017 pure nothing in 2020. no taxable income in 2015-2017 and 2020. the release is the culmination of a multiyear fight by house democrats to get mister trumps taxes and see if the irs conducted a proper audit. >> the president countered that he was not interested in whethe or not the irs is fully and fairly auditing the president but rather the committee was interested in embarrassing the president. >> he blocked the half-cent...

Because there wasnt going on after he became president. what they said was they basically want the resources -- there werent the resources at the irs to pull off the kind of examination they would need. there was a reference from one irs agent to the sensitivity of the case of a reason to not pursue it further, to not ask for those additional resources. ultimately, in 2019, there was an audit, but it wasnt under that mandatory law. we already have seen democrats put together legislation designed...

Even into the white house, and there was more information that we got today, different trust that he still getting money from that were set up for him when he was a child. one of the things that is frustrating, and a piece of this that is about the audit. i want to come back to you that, because the information that has come out about the presidential audit, that wasnt done is really frustrated. but i want to talk about, there is actually another audit. its kind of hard to keep track of all of t...

>> so, you know, does it surprise you based on what we know then, like youre pointing out these things that would raise questions. maybe audacious, that his tax returns did not receive a more comprehensive audit? >> i think thats absolutely shocking. you think about this for a regular worker, your employer sends a w-2 to the irs. you report a number that has to match that w-2 on your form. those numbers have to match up exactly, right? or you have a real problem. what you see here is that donald...