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He can try to use those funds for non-political purposes, but it's illegal. There's a final financial specter haunting Trump, his taxes, says Wallace. And given what looks to be a lot of shenanigans in terms of how he declares assets for tax purposes and how he declares assets for borrowing purposes, there could be a serious problem there. And the issue there is, he declares a building worth a great deal of money, so that he can borrow a lot against it, and then, when he files his taxes, he claims that the building is worth a lot less? Yes, for the underpayment of taxes. Possibly a crime, but even if not: He might have a huge tax bill, to the tune of $100 million. All this had me deeply skeptical of Trump's financial future, and left me with one last question, which I put to Dan Alexander, author of "White House, Inc. " Why can't he just declare bankruptcy? Dan Alexander: Well, the thing is, is that Trump, his overall portfolio, is actually solvent. He's got really valuable assets. He does have some cash that he could use, so he can pay back these loans.