I tend to think at first he did not think he would win so he figured it did not matter if he kept them secret. Then later he figured he better stick with not releasing them.
That he was telling the government that he was losing hundreds of millions of dollars at the same time that he was telling banks and investors that he had a very healthy portfolio to serve as collateral for their loans and business deals.
Knowing about potential criminal acts, such as tax fraud and money-laundering, will reveal further aspects of Trump’s character and therefore his fitness for his job. Perhaps the more important aspect, though, is knowing how Trump’s financial activities might be affecting his policy decisions. I think Trump’s peculiar relationship with Putin can only be explained by something such as a secret financial agreement to their mutual benefit (to Trump personally through Trump Tower Moscow, and to Russia, since Putin is Russia), debts owed on Russian loans, or else some form of kompromat, which could be knowledge about income streams from dirty money, such as money-laundering.
Well, isn’t there a line item for ‘money laundering’?
No, he’s hiding the fact that he isn’t as rich as he’d like people to believe. Doesn’t mean he’s broke or running on fumes…he isn’t. He’s rich by any standard. But he’s not top tier rich like the heavy hitters in the world. He’s second tier rich, with assets at maybe a billion or two, tops (IMHO), and a lot of red on the ledger. And he doesn’t want that to become widely known, since his main schtick, both in duping voters and also investors is how rich he is, how successful he is, blah blah blah. As folks will be picking apart his tax returns and digging into them, as well as writing all sort so of articles about any released he’s terrified they will get out. It’s not to hide Russian loot or money laundering, as those things wouldn’t be on his tax returns (unless he’s an idiot and the IRS isn’t prosecuting obvious crimes these days). He might be doing those things (wouldn’t be surprised) but they aren’t going to show up on his tax statements.
When he did his comedy central roast he said he didn’t mind if people did jokes about him fucking his daughter but jokes about him not actually being rich were off limits.
I think Trump’s fragile ego depends on coming across as a brilliant businessman. As the truth comes out that he is a grossly incompetent trust fund baby who lost money in boom times he is going to get more and more irritable.
I watched an interview with Robert Kiyosaki and he talked about Trump and his tax returns. Kiyosaki says that Trump doesn’t pay taxes. Apparently if you create jobs, or food, or water (how does one create water?) you are helping the government so much that they don’t make you pay them. He also said, “why should he show his returns?”
So that’s what one republican thinks, anyway. His interviewer agreed with him, so I guess two, and then prolly every other conservative as well. I’m assuming Kiyosaki meant that Oranges barely pays any taxes, and not that he doesn’t pay any at all.
Which if you’re a republican means he is smart and someone to be envied. I have no idea why Oranges wouldn’t just say that then, rather than hiding them though. But if you were looking for what his followers think, that’s it.
He probably doesn’t pay a lot of taxes…income taxes. And rich people have smart tax people to hide and shelter their money in a variety of ways for other investments and the like. I’m not sure why people are often surprised or shocked by this, as it’s kind of been a thing since…well, forever in the US. The tax laws are generally written for and often by special interests of the rich specifically to shelter their money from taxes. But I doubt that he wants to hide his tax returns from people on this score, as most people would just shrug and say ‘yeah, what I figured’ wrt him not having to pay as much taxes. Recall Buffet saying he pays less (income) tax than his secretary…and his investment taxes are probably pretty low as well. Well, Trump is in a similar boat. Dog bites man.
No, this would only really fly with leftwingers and liberals who would think it shocking or even important. Conservatives and most Trump voters would not care, and those are the only ones Trump would care about them caring. No…it’s his net worth I think he wants to muddy the water about. As long as we don’t have his tax returns there is still some muddy water to obscure what that is, exactly. It’s just a fig leaf at this point, as I’ve seen plenty of estimates.
For his personal returns, I think it may just be that he realizes that he owed a scandalously low amount in taxes. And I’m sure he’s too cheap to overpay his taxes for political benefit, as the Clintons and Mitt Romney did.
He’s flat broke and deep in the red, and he’s filthy rich. It’s an unfortunate peculiarity of our economic system that it’s possible to be both at once.