The View kicked off the week by discussing the New York Times report on the $750 in taxes Trump paid in 2016 and 2017, plus his years of legally-questionable tax avoidance ploys amid failed business ventures.
As for how rich the dude actually is. the Times says the returns show he does own hundreds of millions in valuable assets, but they also claim he's hundreds of millions in debt as well, debts they say are coming due soon.
Calling the report "total fake news" at a White House news conference, Trump again cited an ongoing audit as his reason for not releasing his returns. I'll tell you what I make of it, is when The New York Times says something about Donald Trump, I kind of blow it off as totally lacking in credibility. It'll all be revealed.
During his first general election debate against Democrat Hillary Clinton in 2016, Ms Clinton said that perhaps Mr Trump was not releasing his tax returns because he had paid nothing in federal taxes.
The tax records show that Trump pumped $213 million into Doral.
The great white whale of Trump-era journalism was finally harpooned and boated on Sunday night - Tax returns, ho! - and the resulting product is a thunderclap of venality and greed astride a form of grasping self-interest unseen in the White House since the epic corruption of Warren Harding. "Made up. Fake", Trump said, critiquing the Times' reporting since he took office. Back in July, the landmark Supreme Court ruling Trump v. Vance partly enabled the president to keep his tax returns hidden until after the election, based on his newfound potential to engage self-appointed federal judges in matters relating to financial disclosures. "It'll all be revealed", the Republican president said.
The Times report illustrates just how much that spending has been: Since 2015, his Mar-a-Lago resort in Florida has taken in $5m more a year from a surge in membership.
"I'm going to release many things, and people will be really shocked", Trump said.
Trump also claimed the Times report contained "illegally obtained" information, and denied that he is heavily indebted.
The average taxpayer in the top 00.1% paid around $25 million a year in the same time, according to The Associated Press.
Alan Garten, a lawyer for the Trump Organization, said that "most, if not all, of the facts appear to be inaccurate".
The Biden Campaign is now selling "I Paid More In Taxes Than Donald Trump" stickersin the Biden Victory Fund online store, too.
In a statement late Sunday, Stand Up America spokesperson Ryan Thomas said that "a man who uses dubious tax schemes to avoid paying taxes or lies to the public about his finances has no place in the Oval Office".
The tax filings also illustrate how a reputed billionaire could pay little to nothing in taxes, while someone in the middle class could pay substantially more than him.
"The IRS (Internal Revenue Service) does not treat me well they treat me very badly". And as people continued to tweet annual income taxes paid by past presidents and several 2020 Democratic candidates it became clear that Trump's low income tax payments are not normal for politicians or presidents.
He says it is because he is under audit by the Internal Revenue Service but the agency has said there is no reason he can not release his taxes while under audit. "The stories I read are so fake".