Trump’s tax returns – the biggest danger

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MSNBC’s Rachel Maddow claims to have President Trump’s tax returns. Apart from the legality of such leaks, the question remains whether he’s done anything illegal. If he’s used every legal loophole to his advantage to AVOID taxes then good on him. If he’s abused the sysyem and EVADED taxes then that is a problem and the law should be applied appropriately. The question is what level of detail has Maddow got? A couple of pages of his ‘1040’ or his entire filings? I would imagine his tax filings are complex enough littered with tax loss carry forwards, write-offs, deductions and so on.

The risk is binary.

If he is only shown to have avoided tax then it will be a non issue and the Democrats will bury themselves deeper in the politics of envy. Voters didn’t care much for the original leak during the election campaign.

If Trump is charged with tax fraud and impeached be careful what you wish for. The amount of market chatter I hear from the same pundits who said he had no chance of winning the White House are the ones believing his tax cuts aren’t yet priced in.  That was priced in a while back but such are global markets clinging to any hope things don’t fall apart that deposing the one person that is fueling it will cause massive risk on.

For all of the hero status Maddow expects to garner she may end up doing the greatest disservice. That doesn’t condone illegal activity rather exposing what happens when the inevitable Chinese whisper problems rear up because we’re all US tax code experts.

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