BUT NOT HIS TAXES

Report: Trump to Disclose Some Finances

Presidents are required to disclose within two years.

President Donald Trump plans on disclosing some of his personal finances this year, an anonymous White House official told the Associated Press on Monday. U.S. presidents are not required to disclose their personal finances until their second year on the job, although some, including Barack Obama and George W. Bush, have done so within their first year. Trump’s 2016 financial disclosure will likely indicate his personal income, assets, and liabilities. The disclosure will not contain details like Trump’s tax rate or any charitable donations, which would appear on his income-tax forms. Trump has refused to release his tax forms throughout his campaign and presidency. Trump’s financial disclosure while on the campaign trail in May 2016 revealed that his companies had increased in value since he announced his candidacy.