In his latest New York Times column, Paul Krugman explores some of the reasons why Donald Trump is claiming he can't release his taxes (because of course, he can), and argues it is most likely he isn't anywhere near as rich as he claims to be:
Mr. Trump’s excuse, that he can’t release his returns while they’re being audited, is an obvious lie. On the contrary, the fact that he’s being audited (or at least that he says he’s being audited) should make it easier for him to go public — after all, he needn’t fear triggering an audit! Clearly, he must be hiding something. What?
It could be how little he pays in taxes, a revelation that hurt Mitt Romney in 2012. But I doubt it; given how Mr. Trump rolls, he’d probably boast that his ability to game the tax system shows how smart he is compared to all the losers out there.
So my guess, shared by a number of observers, is that the dirty secret hidden in those returns is that he isn’t as rich as he claims to be. In Trumpworld, the revelation that he’s only worth a couple of billion — maybe even less than a billion — would be utterly humiliating.