Why won’t Donald Trump release his tax returns? Maybe because he pays no federal income taxes.
David Cay Johnston, winner of the Pulitzer Prize, has come out with a new book, The Making of Donald Trump, and in an interview with Slate, he says that Trump, “probably hasn’t paid taxes in almost 40 years.”
That’s very possible (and legal), as The New York Times has pointed out in several stories, including this analysis from James B. Stewart.
Whatever he pays, Trump’s returns would in all likelihood be as fascinating as a return could be. Johnston has previously reported that Trump filed a return in 1984 with a Schedule C showing zero self-employment income and more than $600,000 in deductions.
You cannot make this stuff up.