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Sunday, February 28, 2016

Trump Challenged To Release Tax Returns

Marco Rubio (L), Donald Trump (C) and Ted Cruz (R)
Marco Rubio and Ted Cruz have released summary pages of their tax returns for the last few years as they put pressure on Donald Trump to do the same.
Despite making promises to reveal his records, the Republican front runner in the White House race said he will not disclose them until the Inland Revenue Service completes a routine audit of them.
His fellow presidential hopefuls, Florida Senator Rubio and Texas Senator Cruz, produced the first two pages of their filings to the IRS, which do not include key details about subjects such as their tax deductions.
Rubio campaign spokesman Alex Conant said: "We're putting these out today to put pressure on Trump and the other candidates to release theirs.
"To the extent there are additional questions about Marco, we won't rule out providing more information in the future."
Mr Cruz said: "If Donald is embarrassed about his tax returns, it's up to the voters to assess the facts. It's time to stop delaying and come clean with the American people."
He has speculated there could be "a number of bombshells" in Mr Trump's tax returns, from exaggerations about the property tycoon's earnings to "significant contributions to (reproductive health service) Planned Parenthood".
Mr Rubio released part of his 2010-14 returns, adding to 10 years of tax documents he had previously made public.
Since winning election to office in Washington in 2010, they show his annual income has ranged from $276,059 to $938,963, and he has paid between $46,500 and $254,894 in federal income tax.
Most of the income came from a business that collected royalties on two books: Rubio's memoir An American Son and another called American Dreams.
Mr Cruz released parts of his 2011-14 returns, which show he and his wife Heidi brought in, on average, an annual income of $1,131,792.
A large proportion came from Mr Cruz's work in 2011 and 2012 at the law firm Morgan, Lewis and Bockius, and his wife's work at Goldman Sachs.
He also reported $190,000 in income coming from a book advance from Harper Collins in 2014.
Mr Cruz and Mr Rubio have not released their complete tax returns, as Republican candidate Mitt Romney did in 2012 and Hillary Clinton did last year. 


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