Page 5 - Stax Data News Today

President trumps refusal to release his tax returns. >> as far as im aware, the president said he is still under audits. >> coordinated rallies in city saturday, protesting mr. trump withholding of his tax data, the presidents aid stop short he would state he would never released the returns. analyst protect the issue will resurface when the trump administration seeks to advance tax reform through congress. as opponents question whether the chief executive or his family will benefit. >> you know...

Of the rule trump may have used to avoid paying taxes for years and also released some of the tax data from 2015 claiming he paid more than $1.5 million in federal income tax. with me now, josh, editor of business insider. msnbc contributor, josh, warren buffett is enjoying this. >> he is. so the best thing in this statement is trump is saying, i used this provision called a net operating loss carry forward. everybody does this. warren buffett does things like this. this is you get to lose if yo...

Some democrats say theyre prepared to do that including senators joe manchin and claire mccaskill. senator mcconnell says a vote should happen before march 3. >> obamacare enrollees received the wrong tax data. 50,000 people who filed returns based on incorrect subsidy information will now not have to file amended returns. the i.r.s. says wont collect underpayments due to -- says it will collect underpayments do due to that glitch. >> insult to injury. more christians killed this time women an...

That? >> well be waiting for your roars. heather nauert. weve got a lot going on. you have it to bring to us. >> ive got a story about the i.r.s. that is going to have you rolling your eyes. talk about the irony, the i.r.s. posting a video on-line reminding people that its important to keep good electronic records. this of course after the i.r.s. lost thousands and thousands of e-mails due to that hard drive crash. listen to a clip from this video. >> businesses need to have the same good electr...

And what about the people who sent and received e-mails. there is another side of people who have their own records. and when the irs realized something might be a miss in this computer crash. come on? >> this is an organization, you have to give most sensitive information and income and losses, and you have to send it to the irs every year or quarter. and if this organization to say we just lost. it what does that do for faith in government? >> it is horrible for faith in government. what if i ...

Dont think anybodys surprised about that it did go to the white house. now we have to get people to remember or not claim the fifth and take claim for the problems they created. >> megyn: brian, your situation alleges something even more sinister, its bad enough to target groups applying for tax exempt status but you take it to another realm when you said tax return information, confidential tax information, was leaked to hurt us. now thats something -- people dont want to believe the irs will u...

About the tax data and the irs promise toed to look into the matter but the report was never made public. this week an inspector general report revealed at this very same time, the irs had an entire team of specialists devoted to targeting certain conservative organizations raising new questions about trust in government. joining me now, ted olson. the former solicitor general of the united states under president bush. he represents koch industries and in february of 2012 he wrote an op-ed accus...

Multipurpose guest, because youre also a tax lawyer. >> because i like you, thats why. >> greta: im curious, with the irs doing this, what is it sort of the usual time period for people to get tax exempt status. i know they got the run around. if you apply for tax exempt status, when should you hear back? >> within a reasonable amount of time. certainly not two years. doesnt take the irs that long to do it. i knew it was a phony story last friday when the story came out. when i was a former fede...

Multipurpose guest, because youre also a tax lawyer. >> because i like you, thats why. >> greta: im curious, with the irs doing this, what is it sort of the usual time period for people to get tax exempt status. i know they got the run around. if you apply for tax exempt status, when should you hear back? >> within a reasonable amount of time. certainly not two years. doesnt take the irs that long to do it. i knew it was a phony story last friday when the story came out. when i was a former fede...

Had to do in my judgment was to increase the number of people who are qualified in the world of science and engineering and mathematics. we have a huge shortage of thes. we had an industry there where were doing very well and we dont have the people to expand the industry. >> you dont have the right skilled workers that the economy is demanding right now? >> thats right and we need to focus more on that. >> the rich get better every year over the past few years, infamous 1%. youre among these. i...