If Trump were truly smart – and wanted to lead by example – he would have disclosed his tax returns, showed the loopholes he used, and vowed to close them.
Despite what Donald Trump says, we really can learn a lot from his tax returns – even from the partial ones made public by international media.
The major takeaway from the three pages of Trump’s 1995 returns that international media made public is that Trump is right when he says the system is rigged. What he doesn’t say is that it’s rigged in his favor and in the favor of people like him – and against regular people, those of us who earn money, pay income tax on it, and financially support the country in which we live.
To keep things relatively simple, I’m telling you what I see in Trump’s returns, based on my decades of experience parsing financial filings. I will try not to get bogged down in numbers and technicalities.