Tag: tax secrecy
trump tax returns

How Tax Secrecy Protects Trump — And Hurts You

Reprinted with permission from DCReport

As Donald Trump fights to keep his tax and business records from Manhattan prosecutors it's time to alert Americans that tax returns used to be public. Congress could make them public again. If it did every honest taxpayer would benefit.

In 1924 how much the rich paid the taxman was front-page news. Newspapers back then published lists that revealed who was really rich (John D Rockefeller stands out) and those who were either poseurs claiming great wealth yet paying little tax or were likely tax cheats who failed to report their income fully.

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