Tax filing and COVID
Senate Finance, 2020 Filing Season and IRS COVID-19 Recovery, June 30, 2020
Please ask Mr. Rettig two questions.
First, what is the income profile of returns expected v. returns received. We would assume that almost all lower income filers (those making under $145,000 per year) have already filed. If this is the case, the filing deadline should not be extended, as it would primarily benefit higher income households. Giving such households a later filing date deprives the United States of much needed interest revenue from late filers.
The second question should be where are the President’s tax returns as requested by the Chairman of the Ways and Means Committee, preceded by the statement “You have the right to remain silent…. Do you understand these rights as I have explained them to you?” The Sergeant at Arms should then take him into custody, detain him at the Marriott and release him only when the tax returns arrive.
Please ask Mr. Rettig two questions.
First, what is the income profile of returns expected v. returns received. We would assume that almost all lower income filers (those making under $145,000 per year) have already filed. If this is the case, the filing deadline should not be extended, as it would primarily benefit higher income households. Giving such households a later filing date deprives the United States of much needed interest revenue from late filers.
The second question should be where are the President’s tax returns as requested by the Chairman of the Ways and Means Committee, preceded by the statement “You have the right to remain silent…. Do you understand these rights as I have explained them to you?” The Sergeant at Arms should then take him into custody, detain him at the Marriott and release him only when the tax returns arrive.
posted by Michael Bindner at 10:15 AM
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