Trump’s Tax Returns Would Show He ‘Doesn’t Have Any Kind Of Wealth,’ Biographer Claims

Since the lead up to the 2016 election, a lot has been made of Donald Trump’s personal finances and his refusal to release his tax returns. He was the first presidential candidate to not release them for the public, and questions have lingered regarding the topic ever since. In the wake of Michael Cohen’s testimony, one individual gave a possible reason as to why President Trump may not want his tax forms released.

During an interview with CNN’s Alisyn Camerota, via RawStory, biographer David Cay Johnston claimed that people would be very surprised with Trump’s personal finances. Johnston had previously penned 2016’s “The Making of Donald Trump” and 2018’s “It’s Even Worse Than You Think: What the Trump Administration is Doing to America,” so he has experience on the subject of Trump.

Johnston’s main claim was that exaggerating his net worth is actually nothing new for the current President. In 1990, Johnston revealed Trump was not a billionaire, which was supported when records showed Donald had a negative net of nearly $300 million.

Speaking on Trump’s more recent finances, Johnston brought up how he received the New York star property tax credit. This was a tax credit Trump received for his principal home, Trump Tower, and is only given if your adjusted gross income is less than $500,000. Johnston uses this to suggest that while Trump lives a rich lifestyle, he doesn’t have any actual wealth to his name, saying, “[He] has the lifestyle of a billionaire, but he doesn’t have any kind of wealth.”