Wednesday, April 12, 2017

Strategy Number 89 to See Trump's Returns

And it's on us.

Easier way for state lawmakers to force the disclosure of Trump’s tax information: publishing the state tax returns already in their possession, which would reveal much of the same information appearing in his federal documents.

New York, New York

Trump’s New York state resident income tax returns show his salary, dividends, capital gains, rental real estate income and other income from all sources — including sources outside New York. If Trump fills out a “Resident Itemized Deduction Schedule” — as most high-income individuals in New York do — he also reports his gifts to charity. And if he is using phantom losses from previous years to offset tax on his current-year income, then the New York state return shows that too.

New York’s Department of Taxation and Finance keeps copies of Trump’s state returns from as far back as 1990. Current New York law prohibits state tax officials from disclosing an individual’s returns, but the New York legislature could amend that law to require the state tax authority to post the president’s returns from the past quarter-century on its website. For the sake of evenhandedness, the legislature might apply the same rule to its other elected officials. Gov. Andrew M. Cuomo is unlikely to object: He releases his returns every year, as do the state’s two senators, fellow Democrats Charles E. Schumer and Kirsten Gillibrand.

Might be worth a LTTE.

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