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Donald Trump has filed an emergency request with the Supreme Court to block access to eight years of his income tax returns.

The president wants to bar a lower court ruling that would give Manhattan’s district attorney’s office access to his personal and business financial records.

Lawyers for Mr Trump filed an emergency application with the Supreme Court on Tuesday asking the court to issue a stay or suspension of a grand jury subpoena demanding the tax returns from his accountants.

The move comes as Mr Trump’s third nomination for the Supreme Court, Amy Coney Barrett, is going through her confirmation hearing.

Ms Barrett was nominated to fill the vacancy created by the death of Justice Ruth Bader Ginsburg in September.

Mr Trump is also planning on formally asking the Supreme Court to hear his appeal on the lower court ruling, which is related to an ongoing criminal investigation into the Trump Organisation by Cyrus Vance Jr’s office.

In their filing Mr Trump’s lawyers say “there is reasonable probability” that the Supreme Court will hear the appeal.

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Following that Mr Trump’s arguments have been rejected by federal district and appellate courts in New York.

The district attorney’s office wants the financial records from Mazars USA as part of an investigation into how hush money paid to two women who claimed to have had sex with the president was accounted for by his business.

Prosecutors have also suggested that Mr Trump may be facing a criminal tax probe.

Last month a New York Times investigation claimed that Mr Trump only paid $750 in federal income tax in 2016 and 2017 and no federal income taxes in other years.

The newspaper also claimed that Mr Trump faces personal debt repayments of more than $400m.

Mr Trump has said he will not release any tax returns while they are being audited by the IRS, even though there is no restriction on him doing so.

Quote (Mangix @ Oct 16 2020 12:48pm)

https://www.independent.co.uk/news/world/americas/us-politics/trump-supreme-court-tax-returns-investigation-b1017550.html





>Why did Trump lie about it for four years if it wasn't absolutely damning?

Quote (Mangix @ Oct 16 2020 01:48pm)

https://www.independent.co.uk/news/world/americas/us-politics/trump-supreme-court-tax-returns-investigation-b1017550.html





>Why did Trump lie about it for four years if it wasn't absolutely damning?

Quote (Black XistenZ @ Oct 16 2020 04:15pm)

Talking about money: the green tsunami on behalf of Democrats this cycle is completely off the charts. ActBlue, their small donor online fundraising platform, raised $1.5 billion over the last quarter. WinRed, the Republican counterpart, raised just $625m in the third quarter.

https://www.politico.com/news/2020/10/15/actblues-stunning-third-quarter-15-billion-in-donations-429549

So we're talking about a cash advantage of almost one billion dollars, from just one single quarter, boosting Democrats up and down the ballot.

Quote (Black XistenZ @ 16 Oct 2020 16:15)

Talking about money: the green tsunami on behalf of Democrats this cycle is completely off the charts. ActBlue, their small donor online fundraising platform, raised $1.5 billion over the last quarter. WinRed, the Republican counterpart, raised just $625m in the third quarter.

https://www.politico.com/news/2020/10/15/actblues-stunning-third-quarter-15-billion-in-donations-429549

So we're talking about a cash advantage of almost one billion dollars, from just one single quarter, boosting Democrats up and down the ballot.

Quote (excellence @ Oct 16 2020 04:21pm)

lol who buys elections again??

what happens to the excess cash on hand when it isnt used? this is more pertinent to tax law than private citizen Trump’s accountants legally using Clinton and Obama-era tax regulations and codes to carryforward losses from the stone age.

dont want people to use losses from whenever to write off future gains???? dont put it in the tax code

note this practice is common in many countries. oh individuals can do it too. i took a hammering on some speculative stock in 2014 that ended up being a bad investment (whoops) and i got to use the losses against any investment gains for 5 years lmao. im just a normal person working a salaried job too, didnt even use a LLC to claim the losses so as such so all businesses have it way better

Quote (Budgeting @ 16 Oct 2020 16:23)

relax you cuck, manufacturing losses is illegal.

Quote (excellence @ Oct 16 2020 04:25pm)

uhh losing money on manufacturing is illegal!?!?! did you read that on vox or buzzfeed?

i know what you are trying to say but you phrased it incorrectly lmao. just google “manufacturing losses” and get back to us lmfao, pathetic..

Quote (Budgeting @ 16 Oct 2020 16:26)

i edited my post you utter moron.