Monday, November 7, 2016

Donald Trump Breaks 40-Year Bipartisan Tradition By Not Releasing Tax Returns

It’s official: Donald Trump is the first major party nominee since Gerald Ford not to release his tax returns during the presidential campaign.

The Republican nominee announced his bid for the White House on June 16, 2015, from the lobby of Trump Tower, the gleaming Manhattan symbol of his real estate empire. Almost immediately after he did so, questions began to swirl about his net worth and how much of it he would use to bankroll his campaign.

So the following month, in July, Trump’s campaign filed a disclosure with the FEC and issued a statement that claimed he has a “massive” net worth that is “in excess of TEN BILLION DOLLARS.” At the time, Forbes listed his net worth at merely $4.5 billion. Earlier this year, Forbes re-evaluated the number at $3.7 billion, down $800 million from 2015.

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