One of the many controversies surrounding Trump’s presidency is his refusal to release his tax returns. Early in his presidency, he made an excuse that the IRS was auditing him and therefore, he couldn’t release his returns. Since then, the IRS gave him the green light to release his returns — he still has not.
According to a new report, a property that Trump claimed is worth “more than $50 million” is suddenly only worth $1.35 million when it comes time to pay his taxes. The property, Trump National Golf Club in Westchester County, New York, is a massive 147-acre private club that features a 101-foot waterfall.
Trump’s attorneys value the property at the much lower figure, which means either his lawyers are lying, or Trump lied on his candidate disclosure form. In reality, both parties are lying.
Trump knows the property is worth $50 million, but he only wants to pay taxes on the $1.35 million figure. Town Supervisor Dana Levenberg is outraged. She stated:
“Trump says he represents the little guy, but the little guy is going to have to pay his taxes for him here in Ossining.”
Trump is the first president since 1976 not to release his tax returns. It’s easy to see why since he’s giving himself a 90% tax break on at least one of his properties.
What is your reaction?