Are you into gambling in the United States of America – yes – and are you going to keep playing? I think so. I think gambling is a really important thing. I do think we can have a conversation about the use of race and prejudice in that sense.”
The question of whether the Republican nominee may be in violation of the U.S. Code of Federal Regulations has emerged from the leaked 2005 tax returns that were published by the New York Times on Sunday and sparked a fresh round of controversy.
Trump released a statement in which he said he believes the GOP standard-bearer never reported income from his 1995 return for taxes.
“He was under audit for years. I pay $40 million a year in taxes and pay Federal tax of $150,000. His tax return is now the foundation of a political attack.”
On CNN on Monday, host Wolf Blitzer said Trump, who claims to pay no federal income taxes, “has to be very careful…because it’s all about your tax returns.”
“You could legally say, ‘I’m gonna not release my tax returns so people can’t have this information,'” the CBS News host said.
“Yeah, exactly. Yeah, that’s right. That’s what everybody here is thinking. And of course, it is illegal. And there’s no statute of limitations on that. So, it’s a very serious subject,” Blitzer said.
The question of whether Trump has actually paid income taxes has already gone through three rounds of legal wrangling over how often he had income, how much and under what circumstances and how often.
In 2007, the Internal Revenue Service told Trump he was “qualified” to file his taxes because he had paid $916 million in debt. Trump sued the IRS claiming the agency had violated the “Fair Share” requirement, which requires that federal tax returns be filed by tax-paying citizens of the U.S.
The IRS argued back that Trump had broken the Fair Share principle at least three times and that a third round of litigation would be unconstitutional. “We think they’re wrong and we’re not gonna stop,” then-IRS Commissioner Douglas Shulman said on ABC’s “This Week” in 2007. “We’re gonna continue filing Mr. Trump’s tax returns every year until he complies with the law.”
Then-IRS chief Jack Lew told congressional investigators on the Senate Finance Committee in December 2008 that Trump violated the Fair Share principle at least 22 million
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