'$400 Million Is a Peanut': Trump Admits to, Downplays Massive Debt During Town Hall

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'$400 Million Is a Peanut': Trump Admits to, Downplays Massive Debt During Town Hall
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The president claimed owing hundreds of millions of dollars is no big deal because he’s so rich. The only way to prove it would be to release his tax returns

, a subject of intense speculation since his initial refusal to release his returns prior to the 2016 election. His financials cycled back into the spotlight late last month afterfinding that the president only paid $750 in income tax for years — and that he currently is at least $421 million in debt. Trump has for the most part dodged addressing the report, but Guthrie pressed him over the particulars at length on Thursday.

When asked about the $750 number, Trump didn’t explicitly deny he paid less than a month’s rent on a modest studio apartment to the government every year. Instead, he argued that $750 was only a “statutory number” and a “filing number” before saying he doesn’t know how much he pays annually.’ report were “wrong” and that the reporters responsible should probably be in jail for gaining access to his tax return information, because why not?Trump: "It’s a statutory number.

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