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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat’s Trump hiding by refusing to release his tax returns? Here are some ideas.
DONALD TRUMP has spent a lot of time and effort branding himself as a great philanthropist. It seems he has put less effort into actually giving his own money away. The discrepancy provides one more reason that Mr. Trump should release his tax returns.
The Post reported in April that Mr. Trump claimed to have given $102 million to charity over the past five years, but that none of the donations his campaign listed appeared to have come from the candidates personal funds. Instead, he had his golf courses give away rounds for charitable raffles and other such things, and he had others fund his charitable foundation. Many of the recipients, meanwhile, appeared to be connected to his business and political interests.
Last month we learned that Mr. Trump did not give the $1 million donation he promised veterans during a highly publicized February campaign event until Post reporter David A. Fahrenthold started asking questions months later. Now the Huffington Post is raising questions about whether he donated proceeds from the sale of his book Crippled America: How to Make America Great Again, as he promised to do. Neither the Huffington Post nor we could get an answer from the campaign.
It is possible that Mr. Trump has donated more than the public record suggests. A major reason the public does not know is that a key piece of evidence is missing: Mr. Trumps tax returns. Unlike every other major presidential candidate in modern times, he has declined to release them. Theories abound as to why. One is that they would show that he does not make as much money as he boasts. Another is that he might pay little or nothing in taxes. Yet another is that Mr. Trump simply is not generous, despite his assurances otherwise.
The Post reported in April that Mr. Trump claimed to have given $102 million to charity over the past five years, but that none of the donations his campaign listed appeared to have come from the candidates personal funds. Instead, he had his golf courses give away rounds for charitable raffles and other such things, and he had others fund his charitable foundation. Many of the recipients, meanwhile, appeared to be connected to his business and political interests.
Last month we learned that Mr. Trump did not give the $1 million donation he promised veterans during a highly publicized February campaign event until Post reporter David A. Fahrenthold started asking questions months later. Now the Huffington Post is raising questions about whether he donated proceeds from the sale of his book Crippled America: How to Make America Great Again, as he promised to do. Neither the Huffington Post nor we could get an answer from the campaign.
It is possible that Mr. Trump has donated more than the public record suggests. A major reason the public does not know is that a key piece of evidence is missing: Mr. Trumps tax returns. Unlike every other major presidential candidate in modern times, he has declined to release them. Theories abound as to why. One is that they would show that he does not make as much money as he boasts. Another is that he might pay little or nothing in taxes. Yet another is that Mr. Trump simply is not generous, despite his assurances otherwise.
https://www.washingtonpost.com/opinions/instead-of-releasing-his-taxes-donald-trump-offers-nothing-but-flimsy-excuses/2016/06/09/7e687110-2db9-11e6-9de3-6e6e7a14000c_story.html
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What’s Trump hiding by refusing to release his tax returns? Here are some ideas. (Original Post)
spanone
Jun 2016
OP
Trump doesn't make as much money as he claims. His secret is that he is a fraud.
Agnosticsherbet
Jun 2016
#5
The Velveteen Ocelot
(115,280 posts)1. All of the above:
He hasn't got nearly as much money as he claims, and he's not much of a philanthropist, and he doesn't pay much in income taxes.
radical noodle
(7,990 posts)4. I think you're exactly right
I think he's heavily in debt and pretends to be more wealthy than he is.
Response to spanone (Original post)
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Thinkingabout
(30,058 posts)3. Trump is a scam artist, he does not pay taxes.
Agnosticsherbet
(11,619 posts)5. Trump doesn't make as much money as he claims. His secret is that he is a fraud.
Yupster
(14,308 posts)6. Real estate has the best deductions
My guess is after all the depreciation and mortgage costs, he pays a very low adjusted tax rate.
mwooldri
(10,291 posts)7. He's bankrupt.
Morally and politically I know that to be true... but he's bankrupt financially. His personal finances are a shell game. The one thing he is good at is managing cash flow. A lot of money moving may give a semblance of wealth but if there's more going out then there's coming in... then you'll go bankrupt.
Wasn't there some news about his campaign filing Chapter 11?