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?