The Trump tax return mirage

Here's why the president's tax returns are almost certainly never going to be revealed to the public

President Trump.
(Image credit: Illustrated | Artem Cherednik/iStock, Mark Wilson/Getty Images)

Want to make a bet? President Trump's tax returns are probably full of all kinds of low-grade shady stuff. Most of these things are well known and perfectly legal. Shell companies and trusts. In-kind payments. Borrowing from one or more massive life insurance policies. Equity swaps. Endless amounts of cash shored away in the Cayman Islands and other tax havens.

Then there are the things that would actually get him into trouble with our feeble tax authorities: massive amounts of income underreported or not reported at all, liabilities exaggerated to insane proportions, double and triple accounting of various expenses — all of it adding up to this alleged billionaire not having earned any net income in, well, as long as his army of accountants feel comfortable claiming.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Matthew Walther

Matthew Walther is a national correspondent at The Week. His work has also appeared in First Things, The Spectator of London, The Catholic Herald, National Review, and other publications. He is currently writing a biography of the Rev. Montague Summers. He is also a Robert Novak Journalism Fellow.