WASHINGTON (MarketWatch) — Presumptive Republican presidential nominee Donald Trump told the Associated Press he will not release his tax returns until after the November election.
In the interview, Trump said “there’s nothing to learn” from his tax returns and dismissed the idea that voters had a right to see them.
There is no legal requirement for a presidential candidate to make his or her tax returns public, but every major party nominee since 1976 has done so.
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On social media, some pointed out that the tax returns could contain valuable information about Trump’s background.
So voters will go into the booth not knowing to whom eternally over-leveraged, serially bailed out Trump is beholden https://t.co/9Nnz2z6RAa
— Stephen Metcalf (@Metlandia) May 11, 2016
Of course he isn't–can't afford to let voters know how surprisingly cash-poor he really is. Or how he avoids taxes. https://t.co/a3WqZwjPEK
— Jeff B/DDHQ (@EsotericCD) May 11, 2016
Analysts said that Trump likely pushed the envelope to turn ordinary income into capital gains, and deferred the payment of tax through like-kind exchanges. The tax returns could also verify how much income he receives from licensing his name.
This article was originally published on Marketwatch.
