Subject: Four New Insights Into Why Donald Trump Refuses To Release His Tax Returns
From: Hillary for America Press <[email-masked]>
To: Hillary for America Press <[email-masked]>
Date: Thu, 19 May 2016 13:09:27 -0400
List-Id: <nationalpress2016.hillaryclinton.com>

**

*Four New Insights Into Why Donald Trump Refuses To Release His Tax Returns*

Serious questions continue to be raised about why Donald Trump continues to
refuse to release his tax returns, a basic public disclosure made by every
Democratic and Republican presidential nominee for the past forty years.
Yesterday, the mandatory release of Trump’s personal financial disclosure
offered new insights into what Trump could be hiding
​.

​​
Trump took 9/11 recovery funds, intended to help small businesses, and
spent them on his ritzy property at 40 Wall Street - just one example of
Trump using public funds for private gains.

“Donald Trump made a pretty penny off a program to help small businesses
hurt by 9/11, one of many times where The Donald took advantage of
government programs to save or make money off the taxpayer.

‘Trump is a welfare king who owes much of his fortune to the largesse of
taxpayers,’ said Johnston.” [NYDN, 5/18/2016
<http://www.nydailynews.com/news/politics/donald-trump-9-11-funds-program-net-150g-payday-article-1.2641951>
​]

​​
Trump will go to any length to avoid paying taxes – at least 36 times, his
unpaid bills forced the state of New York to take him to court, and he
vastly undervalues his golf courses to local tax men.

“As recently as last week, Trump said he was “willing to pay more” taxes
personally and that “taxes for the rich will go up somewhat” if he becomes
president. But the lawsuits and other tax-related disputes show a different
reality for his businesses. They illustrate a pattern of systematically
disputing tax bills, arguing for lower property assessments, and in some
cases not paying taxes until the government takes additional action.

“At least three dozen times, Trump companies’ unpaid tax bills have forced
the New York State Department of Taxation and Finance to go to local courts
to get liens against his properties to try to collect overdue bills. New
Jersey also had to go to court for a lien to collect a Trump company’s
unpaid tax bill.” [USA Today, 5/19/2016
<http://www.usatoday.com/story/news/2016/05/19/trumps-tax-troubles/84543538/>
]

“When local governments try to tax Trump on his golf properties, he
incredulously turns out his pockets, often claiming that his courses are
worth far less than the estimates on his nomination filings.

“Trump and his subsidiaries have employed this tactic with at least six of
his U.S. courses, according to town and county officials in numerous
states. In at least one instance, the discrepancy between what Trump said a
course would sell for when claiming to the public he’s worth “TEN BILLION
DOLLARS” and what he told local officials come tax time was at least $48.6
million, or 97% less.” [Fortune, 5/17/2016
<http://fortune.com/2016/05/17/donald-trump-golf-taxes-mar-a-lago-national-golf-day/>
]

​
Trump may not be worth the $10 billion that he claims.

“The new disclosure comes amid swirling questions about Trump’s income and
net worth. This week, he reiterated his past claim that he was worth more
than $10 billion, although he has not provided independent evidence to back
up the claim.” [Washington Post, 5/19/2016
<https://www.washingtonpost.com/politics/trumps-business-booms-as-he-runs-for-president-financial-disclosures-show/2016/05/18/60adedb6-1d11-11e6-b6e0-c53b7ef63b45_story.html>
]

​
Trump is making a “flood of cash” from running for president.

“The flood of cash highlights one of the most unusual aspects of Trump’s
candidacy — the potential that a private businessman can benefit
financially from a run for the White House…. The filing adds another
chapter to the shifting story of Trump’s wealth.” [Washington Post,
5/19/2016
<https://www.washingtonpost.com/politics/trumps-business-booms-as-he-runs-for-president-financial-disclosures-show/2016/05/18/60adedb6-1d11-11e6-b6e0-c53b7ef63b45_story.html>
]

Read more:

NYDN: Donald Trump used 9/11 funds program to net $150G payday
<http://www.nydailynews.com/news/politics/donald-trump-9-11-funds-program-net-150g-payday-article-1.2641951>

Washington Post: Trump’s business booms as he runs for president, financial
disclosures show
<https://www.washingtonpost.com/politics/trumps-business-booms-as-he-runs-for-president-financial-disclosures-show/2016/05/18/60adedb6-1d11-11e6-b6e0-c53b7ef63b45_story.html>

USA Today: Trump's tax trouble: More than 100 lawsuits, disputes, tied to
companies
<https://www.washingtonpost.com/politics/trumps-business-booms-as-he-runs-for-president-financial-disclosures-show/2016/05/18/60adedb6-1d11-11e6-b6e0-c53b7ef63b45_story.html>

People Magazine: Clinton and Trump Disclose Finances, Revealing Huuuuge
Disparity in Their Multi-Million-Dollar Incomes
<http://www.people.com/article/donald-trump-hillary-clinton-personal-finances>

New York Times: Details on Donald Trump’s Finances Are Released, but Net
Worth Is Unclear
<http://www.nytimes.com/2016/05/19/us/politics/donald-trump-money.html?ref=todayspaper>

Politico: How Much is Donald Trump Really Worth?
<http://www.politico.com/story/2016/05/how-much-is-trump-worth-223329>

CNN: Trump wants to see VP's tax returns, but won't share his
<http://www.cnn.com/2016/05/18/politics/donald-trump-tax-returns-vice-president/index.html>

Fortune: This Could Be the Missing Piece in Solving Donald Trump's
Financial Puzzle <http://fortune.com/2016/05/18/trump-financial-disclosure/>

Yahoo: Donald Trump is becoming Wall Street’s best friend
<https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0ahUKEwj6l6_Oy-bMAhXH2D4KHQBLC7AQqQIIHjAA&url=http%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fdonald-trump-is-becoming-wall-street-s-best-friend-152323629.html&usg=AFQjCNGaOLok4n77fZ7w6b6Lpb3jrqFC6w>

USA Today: Trump releases financial statement; Clinton seeks his tax
returns
<https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0ahUKEwjTnuHoy-bMAhWMbD4KHXFvAOwQqQIIHjAA&url=http%3A%2F%2Fwww.usatoday.com%2Fstory%2Fnews%2Fpolitics%2Fonpolitics%2F2016%2F05%2F18%2Fdonald-trump-hillary-clinton-bernie-sanders-financial-statememts%2F84532858%2F&usg=AFQjCNH30bwEVZWwB2Kyq8nT4LeEjbcepQ>

<https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0ahUKEwjTnuHoy-bMAhWMbD4KHXFvAOwQqQIIHjAA&url=http%3A%2F%2Fwww.usatoday.com%2Fstory%2Fnews%2Fpolitics%2Fonpolitics%2F2016%2F05%2F18%2Fdonald-trump-hillary-clinton-bernie-sanders-financial-statememts%2F84532858%2F&usg=AFQjCNH30bwEVZWwB2Kyq8nT4LeEjbcepQ>

###

For Immediate Release, May 19, 2016
Contact: [email-masked]

PAID FOR BY HILLARY FOR AMERICA
Contributions or gifts to Hillary for America are not tax deductible.
Hillary for America, PO Box 5256, New York

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