tax returns

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Mnuchin Puts Refusal on Trump's Tax Returns in Writing

Treasury secretary officially rejects House request

(Newser) - Treasury Secretary Steven Mnuchin has made it official: The administration won't be turning President Trump's tax returns over to the Democratic-controlled House of Representatives. Mnuchin told Ways and Means Committee Chairman Richard Neal in a Monday letter that the panel's request "lacks a legitimate legislative purpose,...

Kamala Harris Releases 15 Years of Tax Returns

Sanders has said he'll make documents public by Monday

(Newser) - Other Democratic presidential candidates have released tax returns or promised to do so soon, but Kamala Harris surged past the field Sunday by making public her returns for the past 15 years. The release covers every year Harris has held public office, Politico reports, starting when she was elected district...

'I Won't Do It,' Says Trump on Day of Deadline for His Taxes

The IRS has yet to say what it will do

(Newser) - Theresa May is busy worrying about an April 12 deadline; President Trump doesn't sound bothered by an April 10 one the IRS is facing. Rep. Richard Neal, who heads the House Ways and Means Committee, last week asked the IRS to pony up six years of Trump's personal...

Bernie Sanders Explains How 'You Can Be a Millionaire, Too'

As he pledges to release 10 years of tax returns

(Newser) - Bernie Sanders has joined the ranks of America's millionaires. The White House hopeful promised Tuesday that he would release 10 years of tax returns by Monday, and admitted that his income has soared since the "very boring" tax return he released during his 2016 campaign, reports the New ...

Trump Attorney: IRS Can't Legally Release Tax Returns

Requests 'must have a legitimate legislative purpose,' William Consovoy argues

(Newser) - An attorney representing President Trump argued Friday that a request for the president's tax returns "would set a dangerous precedent" if granted and that the IRS cannot legally divulge the information. Rep. Richard Neal, the Democratic chairman of the House Ways and Means Committee, has formally asked the...

Tax Refunds Are Smaller, and People Are Ticked

Average return is $1,865 under new tax code, down 8% from last year

(Newser) - The IRS is out with early numbers on tax refunds in 2019, and people hoping for a bump under the new tax changes are being unpleasantly surprised. In the first week of the filing season, the average refund was $1,865, down about 8% from last year's average of...

Big Move in One State Could Keep Trump Off 2020 Ballot

Rhode Island bill would make all presidential hopefuls release tax returns to get on ballot

(Newser) - Gayle Goldin wants to make sure future presidential candidates fully reveal any potential conflicts of interest. That's why the Democratic state senator from Rhode Island is now sponsoring a bill that would require Oval Office hopefuls to release five years' worth of tax returns—meaning President Trump could see...

Hypothetical Hot Dogs May Be Bad News for Trump

Comes up in lawsuit over business interests, could affect release of tax returns

(Newser) - Controversy over President Trump's refusal to release his tax returns may have fallen off the political radar, but it resurfaced in a very real way in a Manhattan courtroom on Wednesday. As NPR reports, that's where a hearing unfolded as part of a lawsuit brought by the watchdog...

Dems Aren't Giving Up on Seeing Trump's Tax Returns

And Republican Lindsey Graham wants to make it mandatory for candidates

(Newser) - Senate Democrats seeking President Trump's tax returns hoped a strongly worded letter might finally do the trick. Didn't work. Seven Democrats on the Finance Committee wrote to GOP Chairman Orrin Hatch on Wednesday, asking that he use his authority to make the returns available to the committee for...

Single Mom's Post About Her Tax Refund Goes Viral

She paid rent—for the entire year

(Newser) - A recovering addict and single mom took her $5,600 tax refund and used it not to splurge on the latest gadget, but to pay her rent—for the entire year. Christina Knaack put a photo of the rent check on Facebook Wednesday and explained her reasoning behind the move...

Conway: No Trump Tax Returns Coming. WikiLeaks: Oh, Yeah?

Website would love to release president's tax returns for him, encourages leakers

(Newser) - Amid Kellyanne Conway's busy morning of sparring with Chuck Todd over "alternative facts," came this new tidbit about President Trump's much-discussed tax returns: "The White House response is that he’s not going to release his tax returns," she told ABC News' This Week,...

NYT Report on Trump's Taxes Hinged on an IBM Typewriter

Reporter Susanne Craig found his returns in her mailbox, and a quirk authenticated them

(Newser) - The tale of the New York Times' report on Donald Trump's 1995 tax returns is an interesting one, and Susanne Craig takes readers behind the scenes on her story posted Saturday night in a post headlined "The Time I Found Donald Trump’s Tax Records in My Mailbox....

Trump Lost $1B, May Have Ducked Taxes for 18 Years: NYT

Trump campaign doesn't deny report, based on 1995 returns submitted anonymously

(Newser) - Donald Trump may have very good reason for not releasing his tax returns, according to a New York Times bombshell that shows the candidate took a nearly $1 billion loss in 1995—amid the "financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City...

Trump: I'll Release Tax Returns When She Releases Emails

He's hiding something, says Clinton

(Newser) - Donald Trump got the question everyone expected he'd get at Monday night's debate: When will he release his tax returns? He initially gave a familiar response: “I don’t mind releasing. I’m under a routine audit. As soon as it’s finished, it will be released,...

LinkedIn Founder Offers Up to $5M for Trump Tax Returns

Reid Hoffman says he'll make huge donation to veterans' charities

(Newser) - A crowdfunding effort to get Donald Trump to release his taxes is offering the same reward Trump dangled when he wanted to see President Obama's birth certificate: a large donation to charity. LinkedIn founder Reid Hoffman has thrown his support behind Marine Corps veteran Pete Kiernan's plan, offering...

Pence Will Release His Tax Returns, a 'Quick Read'

'The Pences have not become more wealthy as a result of 16 years in public service'

(Newser) - After Hillary Clinton and Tim Kaine released their tax returns in a bid to force Donald Trump into doing the same, the Trump campaign responded by, well, announcing the release of Mike Pence's tax returns, reports Politico . "When my forms are filed and when my tax returns are...

What Clinton's 2015 Taxes Show

The Clintons made $10.6M last year

(Newser) - Hillary and Bill Clinton earned $10.6 million last year, according to a tax filing released by her campaign Friday that sought to pressure presidential rival Donald Trump to disclose his tax returns. The AP reports the filing shows that the Clintons paid a federal tax rate of 34.2%...

Buffett Issues Challenge to Trump

'Have you no decency, sir?'

(Newser) - Warren Buffett has challenged Donald Trump over the candidate's refusal to release his tax returns , saying he will meet him "anytime, anyplace" and bring his own income tax return along. The Berkshire Hathaway CEO—whose fortune dwarfs that of Trump—told a Hillary Clinton rally in Omaha, Neb....

Trump Still Won't Release His Taxes

And some people say it's starting to look suspicious

(Newser) - Fifteen months after promising to release his tax returns, Donald Trump once again pushed back against making them public during an interview with the AP on Wednesday, CNN reports. "He said, 'One, the voters don't actually care about this, and two, there is no new information that...

Trump: Here's Why I Won't Release My Tax Returns

Presidential candidate talks about the audit thing

(Newser) - Donald Trump is sticking to his new explanation for why he can't yet release copies of his recent tax returns: The IRS is auditing him, as Trump says it has for the past 12 years. "No lawyer would ever allow you to release a tax return while you'...

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