Donald Trump paid no income tax in 2020, reported losses in office, records show
2 years ago

Donald Trump paid no income tax in 2020, reported losses in office, records show

ABC  

Donald Trump paid no income tax during the final full year of his presidency as he reported a loss from his sprawling business interests, according to tax figures released by a congressional panel. Key points: The committee questioned the legitimacy of some of Mr Trump's deductions The panel is expected to release redacted versions of his full returns in coming days A Trump spokesman said the release of the documents was politically motivated The records, released late on Tuesday by the Democratic-led House of Representatives Ways and Means Committee after a years-long fight, show that Mr Trump's income, and his tax liability, fluctuated dramatically during his four years in the White House. Mr Trump and his wife Melania paid some form of tax during all four years, the documents showed, but were able to minimise their income taxes in several years as income from Mr Trump's businesses was more than offset by deductions and losses. In 2017, Mr Trump and his wife reported adjusted gross income of negative $12.9 million, leading to a net income tax of $750, the records showed.

Tax Trump Records Documents Income Donald Trump Committee Million Reported His Wife Paid Mr Trump Returns  records  mr  donald  returns  documents  income  reported  office  committee  2020  million  paid  losses  trump  tax

History of this topic

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?
1 month ago

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?

NPR  

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue? SIMON: President-elect Trump promised to extend tax cuts he passed during his first term in office during this last campaign. JOSEPH ROSENBERG: They're really going to have to figure out if that's a price tag they're willing to swallow or …

Latest 'bad financial news for Trump' could cause ex-president 'tremendous damage'
7 months, 2 weeks ago

Latest 'bad financial news for Trump' could cause ex-president 'tremendous damage'

Raw Story  

If Donald Trump ends up on the losing end of a recently reported tax scandal, the former president could be on the hook for $100 million, which would reportedly be financially devastating for the Republican presidential candidate. Trump biographer David Cay Johnston, who has covered Trump's taxes and financial matters for years, appeared on MSNBC on Saturday, where he was …

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report
8 months ago

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report

The Hindu  

Former U.S. president Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a report by The New York Times and ProPublica that drew on a yearslong audit and public filings. Mr. Trump’s presidential campaign provided a statement in son Eric …

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
8 months ago

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower

Associated Press  

WASHINGTON — Former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a report by The New York Times and ProPublica that drew on a yearslong audit and public filings. Trump’s presidential campaign provided a statement in son Eric …

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
9 months ago

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern

Associated Press  

Follow live: Updates from AP’s coverage of the presidential election. WASHINGTON — Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy. Raise your hand,” Biden said Tuesday at …

What's Donald Trump's net worth? He lost 46% wealth in 7 years, now after his legal penalties he's worth…
10 months, 2 weeks ago

What's Donald Trump's net worth? He lost 46% wealth in 7 years, now after his legal penalties he's worth…

Hindustan Times  

Former US President Donald Trump, on the journey to the White House is travelling on a path full of legal hurdles, with his wealth draining substantially over the years. FILE PHOTO: Former U.S. President and Republican presidential candidate Donald Trump addresses the Conservative Political Action Conference annual meeting in National Harbor, Maryland, U.S., February 24, 2024. REUTERS/Elizabeth Frantz/File Photo Significant …

'Not so rich or smart': New York paper roasts Trump's tax secrets in scathing editorial
2 years ago

'Not so rich or smart': New York paper roasts Trump's tax secrets in scathing editorial

Raw Story  

An editorial written by the New York Daily News editorial board on Monday delivered a scathing rebuke to former President Donald Trump over his recently released tax returns, which the editors argued should dispel any remaining notion that he is a business genius. In fact, the editors argued that Trump's taxes showed that he was "not so rich or so …

'Final nail in his coffin': Trump's taxes contain 'powerful evidence of criminal tax evasion'
2 years ago

'Final nail in his coffin': Trump's taxes contain 'powerful evidence of criminal tax evasion'

Raw Story  

In a column for the Daily Beast, longtime investigative journalist and Donald Trump biographer David Cay Johnston made the case that there is enough evidence of financial fraud in the former president's tax returns from 2015 to 2020 to indict and prosecute him. According to Johnston, the author of "The Big Cheat: How Donald Trump Fleeced America and Enriched Himself …

Trump’s returns shed light on tax offsets, foreign accounts
2 years ago

Trump’s returns shed light on tax offsets, foreign accounts

Associated Press  

Democrats in Congress released thousands of pages of former President Donald Trump’s tax returns Friday, providing the most detailed picture to date of his finances over a six-year period, including his time in the White House, when he fought to keep the information private in a break with decades of precedent. Jeff Hoopes, an accounting professor at the University of …

By the numbers: How much Donald Trump paid in taxes each year from 2015 to 2020
2 years ago

By the numbers: How much Donald Trump paid in taxes each year from 2015 to 2020

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The House Ways & Means Committee released six years of …

Trump tax returns dispute White House claim that he donated salary during Covid
2 years ago

Trump tax returns dispute White House claim that he donated salary during Covid

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump donated nothing to the Department of Health and …

Tax returns show Trump made millions from father’s legacy while own properties flopped
2 years ago

Tax returns show Trump made millions from father’s legacy while own properties flopped

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump’s business empire relies much on public image and …

Trump spent $1m bailing out Donald Jr’s failed business in 2018, new tax returns show
2 years ago

Trump spent $1m bailing out Donald Jr’s failed business in 2018, new tax returns show

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Former president Donald Trump bailed out his son Donald Trump …

How Trump brazenly took tax losses he knew were fraudulent
2 years ago

How Trump brazenly took tax losses he knew were fraudulent

Raw Story  

Donald Trump knowingly committed dozens of brazen tax frauds during the six years when he ran for office and was President, my analysis of the Congressional report on his tax returns and other documents shows. Despite this huge revenue stream, Trump reported minus $53.2 million in Adjusted Gross Income, the last number on the front page of your Form 1040 …

Donald Trump paid $0 tax in 2020: Will he be punished?
2 years ago

Donald Trump paid $0 tax in 2020: Will he be punished?

Firstpost  

Donald Trump’s tax returns have finally been made public and initial revelations show that the former US president paid $1.1 million in 2018 and 2019, but nothing in 2020. A look at the data shows that in 2015, Donald and wife Melania Trump declared negative income of $31.7 million and paid federal income taxes of $641,931. In Trump’s last year …

Donald Trump paid no taxes in 2020, records reveal he reported losses in office
2 years ago

Donald Trump paid no taxes in 2020, records reveal he reported losses in office

India Today  

The former President of the United States, Donald Trump, paid no income tax in 2020. According to tax figures released by a congressional panel, Trump's income, and his tax liability, fluctuated dramatically during his four years in the White House. The record highlighted that Trump and his wife, Melania, paid some form of tax during all four years, but were …

Elon Musk, world’s second richest person, paid $0 in federal income tax in 2018, report claims
3 years, 7 months ago

Elon Musk, world’s second richest person, paid $0 in federal income tax in 2018, report claims

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Biden, Harris release tax returns revealing income, donations
3 years, 7 months ago

Biden, Harris release tax returns revealing income, donations

Al Jazeera  

United States President Joe Biden restored a longstanding presidential tradition Monday by releasing his tax returns, showing that 25.9 percent of the first couple’s income went to the federal government in 2020. “I would expect that we will continue to release the president’s tax returns, as should be expected by every president of the United States,” White House press secretary …

Joe Biden Releases 2019 Tax Returns Hours Before First Presidential Debate with Donald Trump
4 years, 3 months ago

Joe Biden Releases 2019 Tax Returns Hours Before First Presidential Debate with Donald Trump

News 18  

Democratic White House hopeful Joe Biden released his tax returns for the last four years Tuesday just hours before he debates President Donald Trump, who faces criticism for paying almost no federal tax. The former vice president and his wife Jill Biden, an educator, paid $299,346 in federal income taxes for 2019, according to forms filed with the Internal Revenue …

Our Tax Code Is Designed To Create Donald Trump
4 years, 3 months ago

Our Tax Code Is Designed To Create Donald Trump

Huff Post  

LOADING ERROR LOADING In 2011, The New York Times published what was, at the time, the most shocking expose on tax policy in decades. And in 2017, President Donald Trump signed into law his signature policy achievement, a sweeping $1.5 trillion tax law that slashed the tax obligations of the rich and large corporations, hacked away at federal revenues and …

Trump paying $750 in income tax shows why he’s a billionaire
4 years, 3 months ago

Trump paying $750 in income tax shows why he’s a billionaire

Live Mint  

A New York Times story based on Donald Trump’s long-sought-after tax data shows he avoided paying income taxes for most of the past two decades and paid only $750 the year he was elected president. Trump’s office properties include commercial spaces at Trump Tower, a leasehold on 40 Wall Street in downtown Manhattan and a 30% interest in two office …

'Two days rent in Trump Tower costs more': Trump's reported $750 tax bill inspires a rush of comparisons
4 years, 3 months ago

'Two days rent in Trump Tower costs more': Trump's reported $750 tax bill inspires a rush of comparisons

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The New York Times' bombshell report Sunday on nearly two …

Trump’s Tax Revelation Could Tarnish Image That Fueled Rise
4 years, 3 months ago

Trump’s Tax Revelation Could Tarnish Image That Fueled Rise

Huff Post  

LOADING ERROR LOADING WASHINGTON — The bombshell revelations that President Donald Trump paid just $750 in federal income taxes the year he ran for office and paid no income taxes at all in many others threaten to undercut a pillar of his appeal among blue-collar voters and provide a new opening for his Democratic rival, Joe Biden, on the eve …

'I'm 19, I Paid More Than Trump’: POTUS Paid Just $750 Income Tax and Netizens are Outraged
4 years, 3 months ago

'I'm 19, I Paid More Than Trump’: POTUS Paid Just $750 Income Tax and Netizens are Outraged

News 18  

US President Donald Trump, also a billionaire, paid no income taxes in ten of the last 15 years. READ: Trump Paid $750 in US Income Taxes in 2016 and 2017, Skipped 10 Times in Past 15 Years READ: 5 Takeaways From NY Times Report On Trump’s Tax Returns Speaking at a news conference at the White House, Trump dismissed the …

Trump paid just $750 in federal income taxes in 2016 and 2017 after reporting millions in losses, report claims
4 years, 3 months ago

Trump paid just $750 in federal income taxes in 2016 and 2017 after reporting millions in losses, report claims

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. During his successful 2016 presidential campaign, Mr Trump pitched himself as wealthy property mogul …

'Fake News': Trump Rejects Report That Says He Paid Just $750 in Income Taxes in 2016
4 years, 3 months ago

'Fake News': Trump Rejects Report That Says He Paid Just $750 in Income Taxes in 2016

News 18  

In an oblique reference to the New York Times report that said he paid just $750 in federal income taxes in 2016, US President Donald Trump on Monday dismissed as fake news the allegations made by the publication. FAKE NEWS!— Donald J. Trump September 28, 2020 Earlier on Sunday, Trump had told journalists after the publication put out multiple allegations …

Donald Trump's taxes show chronic losses and many years of income tax avoidance
4 years, 3 months ago

Donald Trump's taxes show chronic losses and many years of income tax avoidance

Firstpost  

One Trump enterprise that has been regularly profitable and is a persistent source of concern about ethical conflicts and national security lapses, is the Mar-a-Lago club Donald Trump paid $750 in federal income taxes the year he won the presidency. During the Great Recession bailout, he asked for the money back Testifying before Congress in February 2019, the president’s estranged …

Fake News: Says Trump on reports of paying $750 income taxes in 2016, 2017
4 years, 3 months ago

Fake News: Says Trump on reports of paying $750 income taxes in 2016, 2017

India TV News  

Donald Trump paid just USD 750 in federal income taxes in the year he was elected US president and also in his first year in the White House, according to a media report, which also said that he or his companies paid USD 145,400 taxes in India in 2017. "Donald J Trump paid USD 750 in federal income taxes the …

Donald Trump's tax records show he's carrying $421million in loans and debt
4 years, 3 months ago

Donald Trump's tax records show he's carrying $421million in loans and debt

Daily Mail  

Donald Trump's tax records show he is carrying a total of $421 million in loans and debt with a number of his properties said to be struggling financially. In a Sunday report, dismissed by the president as 'fake news,' The New York Times said most of that debt comes from the Doral golf resort in Florida - $125 million - …

5 takeaways from NY Times report on Trump's tax returns
4 years, 3 months ago

5 takeaways from NY Times report on Trump's tax returns

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A New York Times report that President Donald Trump paid …

5 takeaways from NY Times report on Trump’s tax returns
4 years, 3 months ago

5 takeaways from NY Times report on Trump’s tax returns

Associated Press  

WASHINGTON — A New York Times report that President Donald Trump paid just $750 in federal income tax the year he entered the White House — and, thanks to colossal losses, no income tax at all in 11 of the 18 years that the Times reviewed — served to raise doubts about Trump’s self-image as a shrewd and successful businessman. …

Forget "The Apprentice" — Trump's taxes show he was really "The Biggest Loser"
4 years, 3 months ago

Forget "The Apprentice" — Trump's taxes show he was really "The Biggest Loser"

Salon  

Donald Trump's seemingly immovable approval numbers are a testament, above all other things, to the power of racism, and the way that 40 to 42% of Americans will stand by their man, no matter how bad things get, so long as he keeps hating the same people they hate. As the Times reports, Trump's work on "The Apprentice," for which …

5 takeaways from the New York Times report on Trump’s tax returns
4 years, 3 months ago

5 takeaways from the New York Times report on Trump’s tax returns

LA Times  

A blockbuster New York Times report that President Trump paid just $750 in federal income tax the year he entered the White House — and, thanks to colossal losses, no income tax at all in 11 of the 18 years that the Times reviewed — serves to raise doubts about Trump’s self-image as a shrewd and successful businessman. Eugene Steuerle, …

Trump paid just $750 in federal income tax in 2016, says media report
4 years, 3 months ago

Trump paid just $750 in federal income tax in 2016, says media report

The Hindu  

President Donald Trump paid extremely little in income taxes in recent years as heavy losses from his business enterprises offset hundreds of millions of dollars in income, the New York Times reported on Sunday, citing tax-return data. The Times reported that Mr. Trump, who is seeking re-election in November, paid just $750 in federal income taxes in both 2016 and …

NY Times: Trump paid $750 in US income taxes in 2016, 2017
4 years, 3 months ago

NY Times: Trump paid $750 in US income taxes in 2016, 2017

Associated Press  

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in The New York Times. Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid no federal income …

REVEALED: Trump's taxes show huge losses and tax dodging schemes
4 years, 3 months ago

REVEALED: Trump's taxes show huge losses and tax dodging schemes

Raw Story  

The New York Times has President Donald Trump's taxes and they're exactly what biographers and experts have been claiming for years. Documents show Trump only paid $750 in federal income taxes in 2016, despite being a self-described billionaire He also only turned over $750 to the IRS after his first year in the White House. To make matters worse, Trump …

Trump Dismisses 'New York Times' Report That He Paid Little In Federal Income Taxes
4 years, 3 months ago

Trump Dismisses 'New York Times' Report That He Paid Little In Federal Income Taxes

NPR  

Trump Dismisses 'New York Times' Report That He Paid Little In Federal Income Taxes Enlarge this image toggle caption Joshua Roberts/Getty Images Joshua Roberts/Getty Images Updated at 8:40 p.m. ET A New York Times investigation published on Sunday said that President Trump paid just $750 in federal income taxes each year in 2016 and 2017, which the president denied at …

Donald Trump paid no income tax in 10 of last 15 years: NY Times
4 years, 3 months ago

Donald Trump paid no income tax in 10 of last 15 years: NY Times

Al Jazeera  

US president paid $750 in federal income taxes in 2016 and 2017, the New York Times reports, citing tax return data. The New York Times has reported that US President Donald Trump paid only $750 in federal income taxes in both 2016 and 2017, citing tax return data. “Actually, I paid tax, and you’ll see that as soon as my …

Trump paid only $750 in U.S. income taxes in 2016 and 2017, New York Times reports
4 years, 3 months ago

Trump paid only $750 in U.S. income taxes in 2016 and 2017, New York Times reports

LA Times  

President Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in the New York Times. Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid no federal income taxes …

Democrats issue subpoenas for Donald Trump's tax returns as battle with president intensifies
5 years, 8 months ago

Democrats issue subpoenas for Donald Trump's tax returns as battle with president intensifies

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Democrats have issued subpoenas for six years of Donald Trump’s …

Trump’s taxes show losses of $1.17 billion over a decade
5 years, 8 months ago

Trump’s taxes show losses of $1.17 billion over a decade

Live Mint  

US President Donald Trump defended his real estate tax strategy, saying his business was “entitled” to write-offs following a New York Times investigation that showed he reported losses of $1.17 billion between 1985 and 1994. “Almost all real estate developers did - and often re-negotiate with banks, it was sport.” Trump was responding to an NYT report showing his businesses …

Trump explains his businesses lost so much because he was avoiding tax
5 years, 8 months ago

Trump explains his businesses lost so much because he was avoiding tax

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. "Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were …

Trump tax returns reveal over $1bn in losses and that he paid no income taxes for eight years, report says
5 years, 8 months ago

Trump tax returns reveal over $1bn in losses and that he paid no income taxes for eight years, report says

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The income tax records were obtained by The New York Times, and represent the …

Discover Related