Six years of Donald Trump’s federal tax returns released on Friday show the former president paid very little in federal income taxes the first and last year of his presidency, claiming huge losses that helped limit his tax bill.
The returns, long shrouded in secrecy, were released to the public on Friday by the House Ways and Means Committee, the culmination of a battle over their disclosure that went to the Supreme Court. They confirm a report issued from the Joint Committee on Taxation that Trump claimed large losses before and throughout his presidency that he carried forward to reduce or practically eliminate his tax burden. For example, his returns show that he carried forward a $105 million loss in 2015 and $73 million in 2016.
The returns – spanning the years 2015 through 2020 – were obtained by the Democratic-run committee only a few weeks ago after a protracted legal battle. The committee voted last week to release the tax returns, but their release was delayed to redact sensitive personal information like Social Security numbers.
Read more at CNN.com
What Are Your Thoughts?
