Trump reiterates at first January press conference that no one cares about his tax returns, despite Pew Research Poll says otherwise. 

Trump reiterates at first January press conference that no one cares about his tax returns, despite Pew Research Poll says otherwise.

Trump stated at January 11, 2017 press conference:

“The only one that cares about my tax returns are the reporters. … You learn very little to a tax return.”

Trump is wrong on both counts. A Pew Research Center poll conducted January 4 to 9 found that 60 percent of Americans believed Trump has a responsibility to release his tax returns.

Meanwhile, tax experts say that tax returns provide insight about a person’s finances in several key areas.

First, the tax return reveals a person’s annual income. A person’s net worth is not disclosed, but voters would gain an understanding of a person’s cash flow. Second, voters would understand the sources of a person’s income, such as how much comes from certain businesses, speeches, dividends, capital gains and so forth.

Third, a tax return would disclose how much a person gives to charity. Mitt Romney gave almost $2.3 million to charity in 2011, while Bill and Hillary Clinton gave $3 million to charity in 2014. We know these figures because of information in their tax returns.  

Read more from the Washington Post here. 

Will the president-elect ever release his tax returns?  What is the importance of this going forward? How will this impact his presidency?

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Just My Style Boutiques

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