Is that true? Yes, the quotation is accurate, but it's out of context. From "The Guardian" of 4/2/16:
Trump told a crowd he was sanguine about potential hostilities between North Korea and its neighbors. He said that if conflict between Japan and nuclear-armed North Korea were to break out, "it would be a terrible thing but if they do, they do". "Good luck," he added. "Enjoy yourself, folks." According to Trump: "The case could be made to let [Japan] protect themselves against North Korea, they'd probably wipe them out pretty quick." Trump previously suggested that South Korea and Japan should have their own nuclear weapons.
KAINE: But why won't he release his tax returns?
PENCE: His tax returns showed he went through a very difficult time, but he used the tax code just the way it's supposed to be used. And he did it brilliantly.
KAINE: How do you know that? You haven't seen his tax returns.
PENCE: Because he's created a business that's worth billions of dollars today. This whole riff about people saying he didn't pay taxes for years--Donald Trump has created tens of thousands of jobs. And he's paid payroll taxes, sales taxes, property taxes...
"The solution to the Great Social Security crisis couldn't be more obvious: Allow every American to dedicate some portion of their payroll taxes to a personal Social Security account that they could own and invest in stocks and bonds. Federal guidelines would make sure that your money is diversified, that it is invested in sound mutual funds or bond funds, and not in emu ranches....Privatization would be good for all of us. Directing Social Security funds into personal accounts invested in real assets would swell national savings, pumping hundreds of billions of dollars into jobs and the economy." (Source: The America We Deserve, by Donald Trump, p.198-199 & 203 , July 2000)
PENCE: [Trump] is going to release his tax returns when the audit is over.
KAINE: Richard Nixon released tax returns when he was under audit.
FACTCHECK: When asked about Trump's assertion, the IRS said in a statement, "Nothing prevents individuals from sharing their own tax information." But while tax law does not prevent Trump from releasing his returns, waiting until his audit is completed may be beneficial, experts said.
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The above quotations are from Vice-Presidential Debate, Oct. 4, 2016, moderated by Elaine Quijano of CBS News.
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