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Analysis: Why has Donald Trump fought so hard to keep his tax returns secret?

February 23, 2021. Summarized by summa-bot.

Compression ratio: 14.7%. 1 min read.

The Supreme Court's rejection Monday of an attempt by Donald Trump to keep Manhattan District Attorney Cyrus Vance from seeing his tax returns (and other financial documents) was rightly cast as a major legal setback for the former President.

Remember that Trump's view on releasing his tax returns was not always what it is today.

"If I decide to run for office, I'll produce my tax returns, absolutely," Trump said in 2014.

By the following day, Trump had found his excuse for not releasing his returns; "I get audited.

Trump became the only major party presidential candidate in the post-Watergate era to never release any of his tax returns.

The most likely reason for Trump's reluctance to release his taxes is that they would reveal two facts:

As the Times' David Leonhardt wrote: "Over the past two decades, Mr. Trump has paid about $400 million less in combined federal income taxes than a very wealthy person who paid the average for that group each year. "

Trump's refusal to release his taxes during the 2016 campaign is likely explained by the first point.

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