{"id":198773,"date":"2019-12-17T22:18:49","date_gmt":"2019-12-17T22:18:49","guid":{"rendered":"https:\/\/usa.timesofnews.com\/what-trumps-tax-returns-might-reveal-if-the-supreme-court-allows-access.html"},"modified":"2019-12-17T22:18:49","modified_gmt":"2019-12-17T22:18:49","slug":"what-trumps-tax-returns-might-reveal-if-the-supreme-court-allows-access","status":"publish","type":"post","link":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/what-trumps-tax-returns-might-reveal-if-the-supreme-court-allows-access.html","title":{"rendered":"What Trump&#8217;s tax returns might reveal if the Supreme Court allows access"},"content":{"rendered":"<p>The Supreme Court will determine next year whether investigators may finally get a glimpse at President Donald Trump&#8217;s tax returns.<\/p>\n<p>The court said on Friday that it will hear <a href=\"javascript:void(0)\">three cases<\/a> regarding the president&#8217;s financial records in 2020, with arguments <a href=\"javascript:void(0)\">scheduled for March.<\/a><\/p>\n<p>One case focuses on an investigation by Manhattan District Attorney Cyrus Vance Jr. The DA is looking into the <a href=\"javascript:void(0)\">Trump Organization<\/a> and has served a subpoena seeking eight years of tax returns.<\/p>\n<p>The two others relate to subpoenas from House Democrats, who are seeking details on the president&#8217;s finances from <a href=\"javascript:void(0)\">Mazars LLP<\/a>, longtime accounting firm, <a href=\"javascript:void(0)\">and from Deutsche Bank<\/a>, one of his lenders.<\/p>\n<p><strong>More from Personal Finance:<\/strong><a href=\"javascript:void(0)\"><br \/>This account is a game-changer for people with disability<\/a><br \/><a href=\"javascript:void(0)\">How to avoid falling victim to holiday scams<\/a><br \/><a href=\"javascript:void(0)\">Six key steps to retiring in 2020<\/a><\/p>\n<p>While a tax return won&#8217;t tell you everything about any one filer&#8217;s finances on its own, when combined with other documents including a <a href=\"javascript:void(0)\">statement of net worth<\/a>, it can provide a more complete picture of that person&#8217;s bottom line.<\/p>\n<p>&#8220;What you can see from the individual Form 1040 are the types and sources of income, including whether the taxpayer has capital gains or dividend income,&#8221; said Joshua D. Blank, professor of law at the University of California, Irvine.<\/p>\n<p>&#8220;What you can&#8217;t see is wealth,&#8221; he said. &#8220;We tax people based on annual income and not total wealth.&#8221;<\/p>\n<p>Article source: https:\/\/www.cnbc.com\/2019\/12\/17\/what-trumps-tax-returns-may-reveal-if-the-supreme-court-allows-access.html<\/a>\r\n<\/p>","protected":false},"excerpt":{"rendered":"<p>The Supreme Court will determine next year whether investigators may finally get a glimpse at President Donald Trump&#8217;s tax returns. The court said on Friday that it will hear three cases regarding the president&#8217;s financial records in 2020, with arguments scheduled for March. One case focuses on an investigation by Manhattan District Attorney Cyrus Vance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-198773","post","type-post","status-publish","format-standard","hentry","category-political","tag-political"],"_links":{"self":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/198773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/comments?post=198773"}],"version-history":[{"count":0,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/198773\/revisions"}],"wp:attachment":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/media?parent=198773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/categories?post=198773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/tags?post=198773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}