There can be any number of reasons and it's probably for multiple reasons but I think this may well be the crux.
Trump's shady accounting:
"Donald Trump claims a net worth of more than $10 billion and an income of $557 million. But he appears to get there only by overvaluing properties and ignoring his expenses."
"POLITICO spoke with more than a dozen financial experts and Trump’s fellow multimillionaires about the presumptive Republican nominee’s financial statement. Their conclusion: The real estate magnate’s bottom line — what he actually puts in his own pocket — could be much lower than he suggests. Some financial analysts said this, and a very low tax rate, is why Trump won’t release his tax returns."
Trump's shady accounting:
"Donald Trump claims a net worth of more than $10 billion and an income of $557 million. But he appears to get there only by overvaluing properties and ignoring his expenses."
"POLITICO spoke with more than a dozen financial experts and Trump’s fellow multimillionaires about the presumptive Republican nominee’s financial statement. Their conclusion: The real estate magnate’s bottom line — what he actually puts in his own pocket — could be much lower than he suggests. Some financial analysts said this, and a very low tax rate, is why Trump won’t release his tax returns."
“I know Donald, I’ve known him a long time, and it gets under his skin if you start writing about the reasons he won’t disclose his returns,” said one prominent hedge fund manager who declined to be identified by name so as not to draw Trump’s ire. “You would see that he doesn’t have the money that he claims to have and he’s not paying much of anything in taxes.”
Read more: http://www.politico.com/story/2016/05/donald-trump-money-net-worth-223662#ixzz4AFE2cxE1
Indeed. If you tell the truth about Trump's finances you risk getting sued. And this is before he's President of the United States.
These are two big questions:
1. How much is he really worth?
2. How many years has he paid zero tax?
My educated guess is the over on 1 and the over on 2.
This morning #IStandWithGawker is trending on Twitter.
But if you think Peter Thiel poises a threat now, imagine if he ran the country. Donald Trump would probably be about the same in terms of freedom of the press-which is probably why Thiel is supporting him.
And remember what Thiel says about democracy:
"To me, the good news/bad news of the situation is that we don't really need to worry about a Thiel-induced slippery slope leading to the collapse of the free press and the democratic system. Thiel has a much more plausible path to achieving this through his support for Trump's presidential campaign."
"And make no mistake about this — Thiel wrote in 2009: "I no longer believe that freedom and democracy are compatible" because a system of universal suffrage subjects capitalists "to the unthinking demos that guides so-called 'social democracy.'"
"The fate of our world," he wrote "may depend on the effort of a single person who builds or propagates the machinery of freedom that makes the world safe for capitalism." At the time he was referring to Patri Friedman's ridiculous plan to build an offshore utopia composed of boats that would be free from the long arm of the state. Thiel's decision to serve as a Trump delegate at the forthcoming Republican convention in Clevelandseems to suggest that he's turned away from that turn away from politics and has now embraced a new Great Leader to make the world safe for capitalism: Trump."
http://www.vox.com/2016/5/27/11798470/peter-thiel-donald-trump-gawker
Read more: http://www.politico.com/story/2016/05/donald-trump-money-net-worth-223662#ixzz4AFE2cxE1
Indeed. If you tell the truth about Trump's finances you risk getting sued. And this is before he's President of the United States.
These are two big questions:
1. How much is he really worth?
2. How many years has he paid zero tax?
My educated guess is the over on 1 and the over on 2.
This morning #IStandWithGawker is trending on Twitter.
But if you think Peter Thiel poises a threat now, imagine if he ran the country. Donald Trump would probably be about the same in terms of freedom of the press-which is probably why Thiel is supporting him.
And remember what Thiel says about democracy:
"To me, the good news/bad news of the situation is that we don't really need to worry about a Thiel-induced slippery slope leading to the collapse of the free press and the democratic system. Thiel has a much more plausible path to achieving this through his support for Trump's presidential campaign."
"And make no mistake about this — Thiel wrote in 2009: "I no longer believe that freedom and democracy are compatible" because a system of universal suffrage subjects capitalists "to the unthinking demos that guides so-called 'social democracy.'"
"The fate of our world," he wrote "may depend on the effort of a single person who builds or propagates the machinery of freedom that makes the world safe for capitalism." At the time he was referring to Patri Friedman's ridiculous plan to build an offshore utopia composed of boats that would be free from the long arm of the state. Thiel's decision to serve as a Trump delegate at the forthcoming Republican convention in Clevelandseems to suggest that he's turned away from that turn away from politics and has now embraced a new Great Leader to make the world safe for capitalism: Trump."
http://www.vox.com/2016/5/27/11798470/peter-thiel-donald-trump-gawker
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