Michael Bloomberg said in the Democratic presidential debate Wednesday night that disclosing his tax returns will have to wait because they are so complex it will take time to prepare them.
“It just takes us a long time. Unfortunately or fortunately, I make a lot of money, and we do business all around the world,” the former New York City mayor said during the debate in Las Vegas, Nevada. “The number of pages will probably be thousands of pages — I can’t go to Turbo Tax.”
Sen. Amy Klobuchar, a Minnesota Democrat, replied that her income would likely allow her to use TurboTax for her tax returns.
Bloomberg, who is estimated to have a net worth of more than $64 billion, said that his tax returns would be released in a few weeks.
