Federal prosecutors announced charges Friday against a contractor with the Internal Revenue Service who allegedly stole the tax returns of a high-ranking government official. A source familiar with the matter told CNN that official is former President Donald Trump.
I always thought the big “issue” people were expecting wasnt that the tax returns were going to show anything illegal or noteworthy, but rather they would instead just show that he is worth way less than he goes around claiming.
There was a lot of speculation about that but I’m not sure if there’s any consensus. Individual tax returns only show income, and business returns only show book values (not fair market value which would help determine wealth). He had pretty big net operating loss carryovers from previous years which essentially zeroed out his income for a few years, so it’s hard to say. I feel like I remember looking for foreign account disclosures but didn’t see them in the returns, which would be at least one set of FMV numbers to go with. It’s been a while since I looked though. Overall I walked away being disappointed so I’ll stick with my original assessment, maybe I take another look later today though.