Trump's refusal to release his tax returns has popped up
intermittently during the fall campaign.
Exchange during the first presidential debate
Mr. Trump, we’re talking about the burden that Americans have to pay,
yet you have not released your tax returns. And the reason nominees
have released their returns for decades is so that voters will know if
their potential president owes money to — who he owes it to and any
business conflicts. Don’t Americans have a right to know if there are
any conflicts of interest?
I don’t mind releasing — I’m under a routine audit. And it’ll be
released. And — as soon as the audit’s finished, it will be released.
you will learn more about Donald Trump by going down to the federal
elections, where I filed a 104-page essentially financial statement of
sorts, the forms that they have. It shows income — in fact, the income
— I just looked today — the income is filed at $694 million for this
past year, $694 million. If you would have told me I was going to make
that 15 or 20 years ago, I would have been very surprised.
that’s the kind of thinking that our country needs. When we have a
country that’s doing so badly, that’s being ripped off by every single
country in the world, it’s the kind of thinking that our country needs,
because everybody — Lester, we have a trade deficit with all of the
countries that we do business with, of almost $800 billion a year. You
know what that is? That means, who’s negotiating these trade deals?
We have people that are political hacks
negotiating our trade deals.
HOLT: The IRS says an
TRUMP: Excuse me.
... of your taxes — you’re perfectly free to release your taxes during
an audit. And so the question, does the public’s right to know outweigh
Well, I told you, I will release them as soon as the audit. Look, I’ve
been under audit almost for 15 years. I know a lot of wealthy people
that have never been audited. I said, do you get audited? I get audited
almost every year.
in a way, I should be complaining. I’m not even complaining. I don’t
mind it. It’s almost become a way of life. I get audited by the IRS.
But other people don’t.
will say this. We have a situation in this country that has to be taken
care of. I will release my tax returns — against my lawyer’s wishes —
when she releases her 33,000 e-mails that have been deleted. As soon as
she releases them, I will release.
will release my tax returns. And that’s against — my lawyers, they say,
“Don’t do it.” I will tell you this. No — in fact, watching shows,
they’re reading the papers. Almost every lawyer says, you don’t release
your returns until the audit’s complete. When the audit’s complete,
I’ll do it. But I would go against them if she releases her e-mails.
HOLT: So it’s negotiable?
TRUMP: It’s not negotiable,
no. Let her release the e-mails. Why did she delete 33,000...
Well, I’ll let her answer that. But let me just admonish the audience
one more time. There was an agreement. We did ask you to be silent, so
it would be helpful for us. Secretary Clinton?
Well, I think you’ve seen another example of bait-and- switch here. For
40 years, everyone running for president has released their tax
returns. You can go and see nearly, I think, 39, 40 years of our tax
returns, but everyone has done it. We know the IRS has made clear there
is no prohibition on releasing it when you’re under audit.
you’ve got to ask yourself, why won’t he release his tax returns? And I
think there may be a couple of reasons. First, maybe he’s not as rich
as he says he is. Second, maybe he’s not as charitable as he claims to
Third, we don’t know all of his business dealings, but we have been
told through investigative reporting that he owes about $650 million to
Wall Street and foreign banks. Or maybe he doesn’t want the American
people, all of you watching tonight, to know that he’s paid nothing in
federal taxes, because the only years that anybody’s ever seen were a
couple of years when he had to turn them over to state authorities when
he was trying to get a casino license, and they showed he didn’t pay
any federal income tax.
TRUMP: That makes me smart.
So if he’s paid zero, that means zero for troops, zero for vets, zero
for schools or health. And I think probably he’s not all that
enthusiastic about having the rest of our country see what the real
reasons are, because it must be something really important, even
terrible, that he’s trying to hide.
the financial disclosure statements, they don’t give you the tax rate.
They don’t give you all the details that tax returns would. And it just
seems to me that this is something that the American people deserve to
see. And I have no reason to believe that he’s ever going to release
his tax returns, because there’s something he’s hiding.
we’ll guess. We’ll keep guessing at what it might be that he’s hiding.
But I think the question is, were he ever to get near the White House,
what would be those conflicts? Who does he owe money to? Well, he owes
you the answers to that, and he should provide them.
New York Times Obtains
1995 Tax Records
The New York Times
some Trump tax records from 1995. The story broke on Oct. 1, ran
on the paper's front page on Oct. 2, and generated a lot of
The lede sentence of the article stated the loss was "so substantial it
could have allowed him to legally avoid paying any federal income taxes
for up to 18 years."
David Barstow, Susanne Craig, Russ Buettner and Megan Twohey.
"Trump's 1995 Tax Records Claim a $916 Million Loss." The New York Times
, Oct. 2, 2016.
Oct. 1, 2016
Trump Campaign Statement
"The only news here is that the more than 20-year-old alleged tax
document was illegally obtained, a further demonstration that the New
York Times, like establishment media in general, is an extension of the
Clinton Campaign, the Democratic Party and their global special
interests. What is happening now with the FBI and DOJ on Hillary
Clinton's emails and illegal server, including her many lies and her
lies to Congress are worse than what took place in the administration
of Richard Nixon - and far more illegal.
"Mr. Trump is a
highly-skilled businessman who has a fiduciary responsibility to his
business, his family and his employees to pay no more tax than legally
required. That being said, Mr. Trump has paid hundreds of millions of
dollars in property taxes, sales and excise taxes, real estate taxes,
city taxes, state taxes, employee taxes and federal taxes, along with
very substantial charitable contributions. Mr. Trump knows the tax code
far better than anyone who has ever run for President and he is the
only one that knows how to fix it.
"The incredible skills Mr.
Trump has shown in building his business are the skills we need to
rebuild this country. Hillary Clinton is a corrupt public official who
violated federal law, Donald Trump is an extraordinarily successful
private businessman who followed the law and created tens of thousands
of jobs for Americans."
Sept. 16, 2016 - The Trump Duck outside The Trump Hotel during Trump's
August 18, 2016
Contact: DNC Press
THIS MORNING AT 9:30AM AT TRUMP TOWER: Introducing 'Donald Ducks'
Today, in response to Donald Trump’s constant ducking on his taxes,
Democrats are unveiling…Donald Ducks.
Ducking has been Trump’s preferred response to the bi-partisan requests
for him to release his tax returns to the American people.
Releasing his tax returns? Donald ducks.
Questions about his charitable giving? Donald ducks.
Want to know his tax rate? Donald ducks.
Inquiries about foreign investments that could compromise national
security? Donald ducks.
Donald Trump is the only major party nominee in the last 40 years to
duck releasing his tax returns. After his introduction in front of
Trump Tower today, our friend Donald Ducks will be following the
Republican standard-bearer – and his running mate – around the country
until he does. See below for details on today’s event and upcoming
Thursday, August 18 at 9:30 AM
Outside of Trump Tower, 725 5th Ave, New York, New York
Thursday, August 18 at 7:30 PM
Outside of Trump’s rally at the Charlotte Convention Center, Charlotte,
Friday, August 19 at 2:00 PM
Outside of Trump’s rally at the Summit Sports and Ice Complex, 9410
Davis Hwy, Dimondale, MI
Friday, August 19 at (TBD)
Outside of Trump’s fundraiser at the Minneapolis Convention Center
Minneapolis , MN
Saturday, August 20 at 6:00 PM
Outside of Trump’s rally at the Rally Fredericksburg Expo Center, 2371
Carl D Silver Pkwy, Fredericksburg, VA