Donald Trump is the first President since Watergate whose refused to release his taxes. When Nixon refused to release, you may recall, he said, “I am not a crook!” Turns out he kind of was. We later learned Nixon was cheating on his taxes. The IRS let it be known that anyone under audit can release their taxes. Since Watergate, every single President and Vice President is audited and all have released their tax returns. Being audited is not an excuse as a candidate, and certainly not as President, to refuse to release tax returns. Trump’s claim that the audit was the reason he couldn’t release his tax returns doesn’t make any sense. What about years prior? Why can’t he release tax returns from long ago that aren’t under audit? The “audit” excuse never made factual sense. So what’s the real reason? Is he not as rich as he says he is? Is he not as charitable as he says he is? Is he even actually under audit?
An anonymous source mailed two pages to David Cay Johnston of DCReport.org. The report provides a limited amount of information. What we haven’t seen is who Trump’s partners were, who he paid and where income was generated, interest, fees, debt, etc. In this case, disclosure could benefit Trump. Not only does this return show that he paid nearly $38 million (it was previously speculated that Trump didn’t pay any tax for 18 years). Trump has a history of leaking documents and we must ask the question whether or not Trump leaked them himself.
This piece will be updated as more information is provided.