Michael Cohen: Trump taxes would reveal 'wealth is not as significant' as he says
Michael Cohen, President Trump's former personal attorney, said in an interview with CNN's Alisyn Camerota on Wednesday that Trump has refused to release his tax returns to avoid a "massive tax bill" and "fraud penalties."
Camerota asked Cohen, who appeared on the network to promote his new memoir, "Disloyal," if the lawyer was aware of any information in Trump's tax returns that the commander in chief "didn't want to reveal."
"Yeah, the fact that he doesn't report the income that he claims, his wealth is not as significant and I believe that they were probably very lenient in how they took deductions," Cohen responded.
He added that he believes Trump's "biggest fear is that if his tax return is released, that there's a whole slew of organizations of accountants and forensic accountants that will rip through it and he will end up with a massive tax bill, fraud penalties, fines and possibly even tax fraud."
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