Mr Trump-Don't think about changing tax laws to give yourself more loopholes until you show us yours
Many of us will fork over up to a third of our income to pay federal taxes this year and as much as half of our income in federal, state and local taxes combined.
We only ask a few things in return.
............
.......there is no transparency, starting at the top. For the first time in recent memory, the president has refused to release his tax returns. We know from a document sent to The New York Times that in 1995 he had a $916 million tax loss carry forward from real estate that would have allowed him to avoid paying any tax for years. We know from a leaked 2015 return that he would have paid very little of his income in tax that year but for the alternative minimum tax (AMT) that he wants to abolish. And that’s it.
At a minimum, before this administration even thinks of proposing any changes to the tax code, we should see what tax code provisions the president himself has been and is taking advantage of, and how much tax he has paid in the past few years. Otherwise we are bound to end up with a deal where the rest of us pay yet more tax while he, and probably his business partners and political allies, pay less.
The “art of the deal” for him, perhaps, but for the rest of us it’s the “art of the steal.”
We should not have to pay taxes for a government that ignores our interests and prioritizes instead the interests of our political leaders and the elites who support them. Unless things change soon, the American people may confront Trump with another tea party where they toss his ideas about "tax reform" and the rest of his agenda right into the harbor.
MORE:
https://www.usatoday.com/story/opinion/2017/04/15/no-tax-reform-without-trump-taxes-painter-eisen-column/100432212/
