Ethan Explains Trump Paying Taxes

Ethan Explains Trump Paying Taxes

There is a big to-do this week speculating about Donald Trump’s level of taxation based on his non-release of his tax forms. Even Mark Cuban the billionaire, who was front and center at the debate on Monday night, is jumping into the fray, with this quote:

And I tell my tax lawyers and everybody, you know, take advantage of — do what the law recommends. But I’m not against paying taxes. And I’ll give you a perfect example. When the Dallas Mavericks were building a new practice facility, which we’re just opening, I had the opportunity to go to Dallas and and play different cities against each other to get different rebates and everything. I didn’t do it.

Mr. Cuban realizes that was a choice, right?

We don’t have to pay any more than the minimum necessary under the tax code. If you don’t like the tax code, then blame your elected officials in Washington, D.C. They control how much we pay and are responsible for the 74,000+ page tax code.

Famously, Judge Learned Hand stated in Commissioner v. Newman in 1947 – “Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.”

Tune in to The Ethan Bearman Show weekdays from noon to 2pm Pacific Time on KGO 810 – www.kgoradio.com

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