5 reasons why Donald Trump doesn't want his tax returns released

5 reasons why Donald Trump doesn't want his tax returns released

Donald Trump asked the Supreme Court on October 31 to stop the turning over of his tax returns to a House committee.

Here are possible reasons why the former President is attempting hard to keep that information from going public.

1. There is a possibility that Trump is not as rich as he claims to be. A release of his tax returns exposes his wealth.

2. He may not pay or hasn’t paid his fair share of taxes, despite his claims that he pays “a lot”.

3. Trump applied for a $72.9 million tax refund in 2010 and the IRS tax audit for the refund was ongoing till 2022.

This brings up an old refund issue that might put him in the spotlight for the wrong reasons.

4. Trump may have loans with foreign countries or individuals.

5. He has reportedly used his charitable organization for political purposes rather than philanthropic purposes.

A release of his statements on this will possibly bring that to light.

Whatever the reason, it’s clear that Trump is set on keeping his returns private.