Did you know that the Trump campaign has said he will NOT be releasing his taxes before the November presidential election? Imagine that! A presidential candidate who has decided to stick it to the American people and keep his taxes secret. The Daily News asks, what is Trump hiding? If Trump was a straight-up businessman like he claims, then releasing his taxes should be easy.
“Supported by President Obama, the IRS should declare Trump’s tax audit settled,” the editorial board wrote Wednesday. “The benefit of preventing him from further politicizing the tax agency would far outweigh collecting however many millions of dollars he may have shorted the U.S.”
Trump has frequently cited the audit as the reason for not being able to release his tax returns. But the IRS has said Trump can still release his returns despite an audit.
“Trump’s returns might well show that he is worth far less than he has boasted; that he has given next to nothing to charity; that he has finagled to reduce his tax payments to zero; that he has tapped American taxpayers to subsidize his lavish lifestyle, or something even worse,” the editorial continues. “Voters should shame him, hound him and harangue him — and the IRS should cut its losses by cutting him loose.”
Trump would be the first presidential candidate in 40 years to not release his income taxes.