What Trump’s Tax Returns Reveal About the President
FEATURING FRANK CLEMENTE – President Donald Trump for years boasted about his prowess as a successful businessman and claimed that he only ran for the nation’s highest office out of a sense of civic duty. But now that the New York Times has revealed an extensive look at decades of his personal and business tax returns, it appears that Trump is hundreds of millions of dollars in debt—quite a bit of it to other countries. He paid only $750 in federal income taxes in the first two years each of his presidency. And, in 2010 he once obtained a massive $72.9 million IRS tax refund that he is now fighting not to return.
While every President since Nixon has released their tax bill to the public, Trump has not, saying that an IRS audit prevents him from doing so. But the IRS says there is no such rule. Now, the revelations of his finances as revealed by his tax returns offer a reason why Trump had been so secretive.
Frank Clemente, Executive Director of Americans for Tax Fairness.