Joe Biden has never made a secret of his personal finances.
In spite of hundreds of promises that he would release his, Trump never has and has fought tooth and nail to keep them secret. Thanks to the New York Times we can begin to see why.
- He is a loser. He never earns enough to pay any federal income taxes. While other billionaires pay taxes in the tens and hundreds of millions, Trump most years has paid virtually none. Given all his business failures, this part of what NYT discovered is not surprising.
- He is NOT worth the $10 billion he claims. He is under water and has debts in the hundreds of millions – many to foreigners that he has no way to pay off.
- He fiddles on his taxes with the connivance of family members. Wealth transfers to Ivanka, for example, were treated as “consulting expense” and treated as a business expense.
There is a lot more to come.