Trump Claims The Money He Owes Is A 'Tiny Percentage Of My Net Worth' | NBC News

IF HE COMES ALONG AND RAISES THOSE RATES ALL THOSE COMPANIES THAT ARE COMING IN, THEY’LL LEAVE THE U.S. SO FAST YOUR HEAD WILL SPIN. WE CAN’T LET THAT HAPPEN. >> ON THE SUBJECT OF TAXES, AS YOU KNOW, "THE NEW YORK TIMES" HAS OBTAINED, IT SAYS, YEARS OF YOUR TAX RETURNS AMONG OTHER THINGS. IT SAYS YOU HAVE DEBTS OF APPROXIMATELY $421 MILLION THAT YOU HAVE PERSONALLY GUARANTEED AND THAT WILL COME DUE IN THE NEXT FOUR YEARS. THE QUESTION IS, ON BEHALF OF VOTERS, WHO DO YOU OWE $421 MILLION TO? >> FIRST OF ALL, WHAT THEY DID IS ILLEGAL, NUMBER ONE. ALSO, THE NUMBERS ARE ALL WRONG, WITH THE NUMBERS THEY RELEASED. JUST SO YOU UNDERSTAND, WHEN YOU HAVE A LOT OF REAL ESTATE, I HAVE REAL ESTATE, YOU KNOW A LOT OF IT, OKAY, RIGHT DOWN THE ROAD, DORAL. BIG STUFF, GREAT STUFF. I’M VERY UNDER -- WHEN I DECIDED TO RUN, I’M VERY UNDERLEVERAGED, FORTUNATELY. BUT I’M VERY UNDERLEVERAGED. I HAVE A VERY, VERY SMALL PERCENTAGE OF DEBT COMPARED -- IN FACT SOME OF IT, I DID AS FAVORS TO INSTITUTIONS THAT WANTED TO LOAN ME MONEY. $400 MILLION COMPARED TO THE ASSETS THAT I HAVE, ALL OF THESE GREAT PROPERTIES, ALL OVER THE WORLD, AND FRANKLY, THE BANK OF AMERICA BUILDING IN SAN FRANCISCO, I DON’T LOVE WHAT’S HAPPENING TO SAN FRANCISCO -- >> DO I HEAR IT RIGHT, IT SOUNDS LIKE YOU’RE SAYING $400 ISN’T THAT MUCH. >> ONE OF THE BIGGEST OFFICE BUILDINGS. >> ARE YOU CONFIRMING THAT, YES, YOU DO OWE SOME $400 MILLION? >> WHAT I’M SAYING IS THAT IT’S A TINY PERCENTAGE OF MY NET WORTH. >> THAT SOUNDS LIKE YES. >> WE’RE DOING THINGS -- YOU KNOW, WE’VE GIVEN I THINK IT’S 108 OR 112 PAGES OF FINANCIAL DETAIL TO ELECTIONS AND, YOU KNOW, WE HAVE TO FILE, AS THE PRESIDENT, AS ANY POLITICIAN, YOU HAVE TO FILE. NOBODY EVER LOOKS AT THAT. WHEN THEY DO, THEY SEE HOW INCREDIBLE THE COMPANY IS. BUT MORE IMPORTANTLY, THEY SEE WHERE THIS DEBT IS. NO, I DON’T OWE RUSSIA MONEY. I DON’T OWE -- I OWE A VERY, VERY SMALL -- IT’S CALLED MORTGAGES. PEOPLE HAVE A HOUSE -- >> ANY FOREIGN BANK, ANY FOREIGN ENTITY? >> NOT THAT I KNOW OF BUT I WILL PROBABLY, BECAUSE IT’S SO EASY TO SOLVE, AND IF YOU WOULD LIKE TO DO -- I WILL LET YOU KNOW WHO I OWE WHATEVER SMALL AMOUNT OF MONEY. I WANT TO SAY TWO THINGS. NUMBER ONE, IT’S A VERY SMALL AMOUNT OF MONEY. NUMBER TWO, IT’S VERY STRAIGHT. IT’S VERY, VERY STRAIGHT. IT’S A TINY PERCENTAGE OF THE WORTH. DID YOU EVER HEAR THE EXPRESSION UNDERLEVERAGED? I AM EXTREMELY UNDERLEVERAGED. >> HERE’S THE THING. YOU COULD CLEAR THIS UP TONIGHT BY JUST RELEASING YOUR TAX RETURNS YOURSELF. I THINK PEOPLE ARE JUST WONDERING, YOU’RE THE ONLY -- >> IT TURNED OUT I AM UNDER AUDIT. >> YOU ARE. BUT THE IRS SAYS THAT DOESN’T STOP YOU FROM -- >> YOU ACCUSED ME OF NOT BEING UNDER AUDIT PREVIOUSLY. >> I DID NOT. >> OTHER PEOPLE AT NBC. AND I AM UNDER AUDIT. >> YOU ARE. >> I AM UNDER AUDIT. NO PERSON IN THEIR RIGHT MIND WOULD RELEASE PRIOR TO WORKING OUT THE DEAL WITH THE IRS. AND I’LL GO A STEP FURTHER. I’M TREATED VERY BADLY BY THE IRS. THEY TREAT ME VERY, VERY BADLY. YOU HAVE PEOPLE IN THERE FROM PREVIOUS ADMINISTRATIONS. THEY TREAT ME VERY BADLY. BUT WE’RE UNDER AUDIT. IT’S VERY ROUTINE IN MANY WAYS. BUT WE’RE UNDER AUDIT. THEY LIKE TO CHANGE THE GAME, CHANGE THE RULES, DO EVERYTHING. YOU SAW WHAT THEY DID WITH THE TEA PARTY PEOPLE. YOU SAW WHAT THEY DID WITH THE RELIGIOUS GROUPS. >> TO BE CLEAR, THERE IS NO LAW OR RULE THAT PROHIBITS YOU FROM RELEASING YOUR TAX RETURN. >> NO, COMMON SENSE AND INTELLIGENCE, AND HAVING LAWYERS THAT SAY -- BECAUSE I WOULD LOVE TO RELEASE THEM. AND AS SOON AS WE COME TO A CONCLUSIONS CONCLUSION, I WILL RELEASE THEM AND VERY GLADLY. IF YOU GO TO ELECTIONS, AND IF YOU TAKE A LOOK, YOU’LL SEE 112, I THINK IT’S 112, IT TALKS ABOUT THE INCOME, WHICH IS RATHER MASSIVE, IT TALKS ABOUT ALL OF THE PROPERTIES. THEY HAVE THEM LISTED. YOU CAN NEVER LEARN MORE. BUT YOU KNOW WHAT HAPPENED, PEOPLE WENT THERE, ALL THE REPORTERS WENT THERE, IT WAS LIKE A FEEDING FRENZY. THIS WAS ORIGINALLY WHEN I FILED IT. AND I FILED IT EVERY YEAR. I UPDATE IT EVERY YEAR. MY SON IS HERE. THEY RUN THE COMPANY. I DON’T RUN THE COMPANY. >> IT ALSO SAID YOU PAID $750 IN TAXES THE YEAR YOU WERE ELECTED. >> THAT’S A STATUTORY NUMBER. >> BUT IS THAT TRUE? >> I THINK IT’S A FILING NUMBER. YOU PAY 750, IT’S A FILING FEE. >> MOST PEOPLE HERE PROBABLY PAY MORE. >> NO, I DON’T KNOW, I CAN TELL YOU THIS, IF THEY HAVE MY TAX RETURNS, AS YOU KNOW, THEY HAVE TO GO TO JAIL. IT’S ILLEGAL. BUT THEIR NUMBERS WERE WRONG. BUT LET ME TELL YOU WHAT ELSE. UH, I DON’T OWE MONEY TO ANY OF THESE SINISTER PEOPLE. THIS HAS BEEN GOING ON FOR YEARS NOW, RUSSIA, RUSSIA, RUSSIA, TURNED OUT TO BE A HOAX AND IT TURNED OUT TO BE THAT HILLARY CLINTON AND THE DEMOCRATS WERE DEALING WITH RUSSIA, NOT ME. IT’S A WHOLE HOAX. SO I WOULD NOT MIND AT ALL SAYING WHO IT IS. BUT IT’S A VERY SMALL -- WHEN YOU LOOK AT VAST PROPERTIES LIKE I HAVE, AND THEY’RE BIG AND THEIR BEAUTIFUL AND THEY’RE WELL-LOCATED, WHEN YOU LOOK AT THAT, THE AMOUNT OF MONEY, $400