Thursday, October 10, 2019

Awash in corruption

President Trump’s hand-picked IRS Commissioner, Charles Rettig, earns as much as $1 million in rental income from the Trump-branded properties he co-owns while facing demands from Congress to release Trump’s tax returns.

[...]

When Trump nominated Rettig to lead the IRS in February 2018, Rettig initially failed to disclose that the Hawaii real estate he owned was at a Trump-branded property. He bought a 50 percent interest in two units at Trump International Waikiki in 2006 ahead of the building’s completion in 2009. It is likely that Trump profited off of his future-IRS commissioner’s purchase; although the Trump Organization does not own the Waikiki property, its branding deal gave it a 10 percent share of total pre-sales.

Records indicate Rettig is definitely making money from this purchase: on his financial disclosure, he reported an income between $100,000 and $1 million in rent and/or royalties from the units.

[...]

The IRS has already missed more than one deadline set by the House Ways and Means Committee to turn over Trump’s tax returns. (Rettig has stated that he will decide whether or not to release the tax returns, under the supervision of Treasury Secretary Steve Mnuchin.)

  Citizens for Ethics
Well, I think we can guess how that will turn out.

Has there ever been anyone - other than perhaps Al Capone - who tried so hard to keep his tax returns secret?

...but hey, do what you want...you will anyway.

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