None of those reasons made -- or make -- any sense. But now, thanks to CNN reporting, we may know the real reason why the President is fighting so hard to keep his returns from ever seeing the light of day: Because he paid so little in taxes -- especially for someone who makes as much money as Trump does. [...]
CLINTON: "So you gotta ask yourself -- why won't he release his tax returns? And I think there may be a couple of reasons. First, maybe he is not as rich as he says he has. Second, maybe he's not as charitable as he claims to be. Third, we don't know all of his business dealings but we have been told through investigative reporting that he owes about six hundred and fifty million dollars to Wall Street and foreign banks. Or maybe he does not want the American people, all of you watching tonight, to know that he has paid nothing in federal taxes because the only years that anybody has ever seen for a couple of years where he had to turn them over to state authorities when he was trying to get a casino license. And they showed he did not pay any federal income tax. [...]
So, if Trump did indeed pay no taxes for almost 20 years, you could see why that's the sort of thing he wouldn't want to be made public before he runs for a second term. Because what might have been smart for Donald Trump, the private citizen, looks a lot worse for Donald Trump, the president. Especially since Trump has routinely railed against companies taking advantage of the tax code to avoiding paying any taxes at all.
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CLINTON: "So you gotta ask yourself -- why won't he release his tax returns? And I think there may be a couple of reasons. First, maybe he is not as rich as he says he has. Second, maybe he's not as charitable as he claims to be. Third, we don't know all of his business dealings but we have been told through investigative reporting that he owes about six hundred and fifty million dollars to Wall Street and foreign banks. Or maybe he does not want the American people, all of you watching tonight, to know that he has paid nothing in federal taxes because the only years that anybody has ever seen for a couple of years where he had to turn them over to state authorities when he was trying to get a casino license. And they showed he did not pay any federal income tax. [...]
So, if Trump did indeed pay no taxes for almost 20 years, you could see why that's the sort of thing he wouldn't want to be made public before he runs for a second term. Because what might have been smart for Donald Trump, the private citizen, looks a lot worse for Donald Trump, the president. Especially since Trump has routinely railed against companies taking advantage of the tax code to avoiding paying any taxes at all.
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