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Trump Claims The Money He Owes Is A 'Tiny Percentage Of My Net Worth' | NBC News - YouTube
Channel: NBC News
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on the subject of taxes as you know the
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new york times has obtained
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it says years of your tax returns among
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other things
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it says that you have debts of
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approximately 421 million dollars that
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you have personally
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guaranteed and that will come due in the
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next four years
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the question is on behalf of voters who
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do you owe 421 million dollars
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what they did is illegal number one also
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the numbers are all wrong with the
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numbers they released
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and just so you understand when you have
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a lot of real estate have real estate
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you know a lot of it okay right down the
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road doral
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big stuff great stuff i'm very under
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when i
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decided to run i'm very under levered
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fortunately but i'm very under levered i
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have a very
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very small percentage of debt compared
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in fact some of it i did as favors to
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institutions that wanted to loan me
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money
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400 million dollars compared to the
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assets that i have
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all of these great properties all over
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the world and frankly
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the bank of america building in san
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francisco i don't love what's happening
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to san francisco
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are you right it sounds like you're
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saying 400 million dollars
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isn't that much biggest office buildings
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but are you are you confirming that yes
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you do owe
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some 400 million dollars what i'm saying
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is that it's a tiny percentage of my net
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worth
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you'll see that soon because we're doing
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things you know
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we've given i think it's 108 or 112
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pages of financial detail
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two elections and you know we have to
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file as as
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the president as any politician you have
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to file nobody ever looks at that
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when they do they see how incredible a
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company is but more importantly
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they see where this debt is no i don't
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know russia money
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i don't know i owe a very very small
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it's called mortgages
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people have a house they need a foreign
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bank any foreign
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but i will probably because it's so easy
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to solve
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and if you'd like to do i will let you
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know who who i owe whatever
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small amount of money i want to say two
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things number one it's a very small
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amount of money
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number two it's very straight it's very
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very straight
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but it's a tiny percentage of the worth
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did you ever hear the expression under
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levered yeah i am extremely
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under level here's the thing you could
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clear this up tonight by just releasing
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your tax returns yourself i mean
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that's what i understand i think people
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are just wondering
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it turned out that i am underwrote if
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they actually excuse me no no but you're
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the irs says that doesn't stop you from
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releasing
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me of not being under audit previously
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and so did other people at
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nbc and i am underwater so that was
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solved that's good i am underrated no
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person in their right mind would release
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prior to working out the deal with the
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irs and i'll go a step further
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i'm treated very badly by the irs they
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treat me very very badly
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you have people in there from previous
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administrations they treat me very badly
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but we're under audit it's very routine
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in many ways but we're under audit they
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like to change the game
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change the rules do everything you saw
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what they did with the tea party people
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you saw what they did with the religious
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clear there is no law or rule that that
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prohibits you from releasing your tax
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returns
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common sense and intelligence and having
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lawyers that say
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because i would love to release them and
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as soon as we
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come to a conclusion i will release them
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and very gladly
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but if you go to elections and if you
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take a look you'll see 112 i think it's
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112
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it talks about the income which is
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rather massive
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it talks about all of the properties
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they have them listed
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you can never learn more but you know
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what happened people went there all the
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reporters went there was like a feeding
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frenzy this was originally when i filed
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it
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and i file it every year i update it
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every year my son is here
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they run the company i don't run the
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company
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i think it's a filing number you pay 750
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it's a filing
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most people here probably know i don't
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know i can tell you this
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if they have my tax returns as you know
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they have to go to jail it's illegal but
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their numbers were wrong
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but let me tell you what else i don't
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owe
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money to any of these sinister people
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this has been going on for years now
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russia russia russia turned out to be a
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hoax
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and it turned out to be that hillary
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clinton and the democrats
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were dealing with russia not me it's a
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whole hoax
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so i would not mind at all saying who
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it is but it's a very small when you
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look at vast properties like i have and
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they're big and they're beautiful and
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they're well located
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when you look at that the amount of
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money 400 million dollars is a peanut
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it's extremely under levered and it's
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levered with normal
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banks not a big deal hey nbc news
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