What Is Donald Trump Hiding in His Taxes?


Donald Trump refuses to release his tax returns, as every presidential candidate has done for decades. The excuse varies. Lately he’s claimed that he’s being audited, so he can’t release them. But he’s also said the audit wouldn’t hold him back if Hillary Clinton released all her emails, so that excuse seems a little thin. When pressed, Trump adds that no one but a few media losers are interested in his taxes. More recently, though, Donald Trump Jr. has said the real reason is simpler: not only are people interested in Trump’s taxes, but they’re too interested. Releasing his tax returns would “detract” from his father’s message.

Whatevs. But let’s suppose that Trump really does have some good reasons for being wary of releasing his entire 10,000-page tax return. Over at Emptywheel, tax attorney Bob Lord asks some obvious questions:

First, what tax years are under audit? Does it go back beyond 2012? If not, can the 2011 return be released?

….Second, why haven’t the audit notices been released?…There’s nothing so sensitive in such a generic notice that it could not be made public. At this point, Trump has not even offered up this most basic evidence that he is really even under audit. Why hasn’t proof been demanded?

….Third, for the tax returns that are under audit, why can’t the first two pages be released? After all, those first two pages simultaneously contain the information most relevant to the public about a presidential candidate and contain no information that reveals the issues under audit.

There’s more at the link, including Lord’s belief that Trump might genuinely have some decent reasons for not wanting to make his entire return public. But at the very least, Trump could release the first couple of pages of his 1040, plus the summary page of Schedule A, for the past decade or so. This would tell us his business income, real estate income, capital gains, total income, charitable contributions, etc. Does he really have any plausibly good reason for not releasing this much, other than the fact that it might be personally embarrassing because it would show that he’s been lying about how much he’s worth and how much he gives to charity?

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate