News comes today that Donald Trump is digging in his heels on not releasing his tax returns ever, telling George Stephanopoulos “it’s none of your business” how much tax he pays or at what rate. But last night TPM Reader JJ sent in a link to a … well, it’s just a harrowing revelation that makes me think that actually releasing his tax returns could be like heading to the ego guillotine for Trump. Some clever sleuthing by Crain’s New York Business reveals that Mr Trump, as members of the entourage call him, qualified for a tax break that requires your income be less than $500,000 a year. Yes, if you make more than half a million dollars a year, you can’t qualify. But Trump did qualify.
I figure that The Donald writes off most of his expenditures as business expenses. (NB: Three of his children are on the company payroll.)