Candidate’s son warns ‘people who know nothing about taxes’ would scrutinize them
Eric Trump said Wednesday it would be “foolish” for his father to release his tax returns and subject them to scrutiny by people who don’t know what they are looking at.
“You would have a bunch of people who know nothing about taxes trying to look through and trying to come up with assumptions on things they know nothing about,” Mr. Trumpsaid on CNBC. “It would be foolish to do. I’m actually the biggest proponent of not doing it.”
The Republican presidential candidate has said he can’t release his tax returns until the Internal Revenue Service completes an audit.
His son reiterated that reason Wednesday, saying there is “no tax attorney in the world who will tell you to release your tax returns while you’re under a standard routine audit.”
Every major party candidate since 1976 has released their returns. Democratic nominee Hillary Clinton and her running mate, Tim Kaine, released their returns earlier this month.
Mr. Trump’s running mate, Mike Pence, released a federally mandated disclosure form Aug. 18, and has said he intends to make public his tax returns before Election Day.
But Eric Trump said his father’s returns – a stack of documents “five feet tall” – would reveal little.
“You don’t learn that much from a tax return, in all fairness,” he said.
Tax returns don’t reveal someone’s net worth, but they would show what Mr. Trump claimed as income, how his businesses are organized, how much he donated to charity and how aggressively he attempted to minimize his tax burden.
– Richard Rubin contributed reporting to this article.