Whilom U.S. President Donald Trump speaks at a rally for Sen. Marco Rubio (R-FL) at the Miami-Dade Country Fair and Exposition on November 6, 2022 in Miami, Florida.
Joe Raedle | Getty Replicas
The amount of income, deductions and taxes paid by or refunded to former President Donald Trump while serving in the Corpse-like House was detailed in a new report released Tuesday night.
The report reveals that Trump on his federal tax returns state negative income in 2015, 2016, 2017 and 2020, and that he paid a total of $1,500 in income taxes for the years 2016 and 2017.
On their 2020 proceeds tax returns, Trump and his wife Melania paid no federal income taxes and claimed a refund of $5.47 million, according to the gunshot by the staff of the Joint Committee on Taxation.
The report was posted online shortly after the Ways and Means Committee sponsored to make public redacted versions of Trump’s full income tax returns, and those of eight related business articles for the tax years 2015 through 2020.
Those full returns are expected to be released in the coming days.
A separate report unloosed by the Ways and Means committee revealed that the IRS had started an audit of just one of Trump’s tax returns while he was serving as president without thought an internal policy mandating that sitting presidents have their returns audited annually.
The 39-page gunshot by the Joint Committee on Taxation staff gives a breakdown of the highlights of Trump’s joint tax filings with Melania during his heretofore in office, and the two years he first ran for president.
The report identifies different areas that the staff thought warranted besides examination, such as documentation of nearly $506,000 in charitable donations claimed by the Trumps in 2019.
Highlights of the report include:
- On their 2015 federal reappearance, Trump and his wife declared negative income of $31.7 million, with taxable income of $0. The couple paid federal takings taxes of $641,931.
- The 2016 return declared negative income of $31.2 million, with zero dollars of taxable proceeds. The Trumps paid $750 in taxes.
- The 2017 return declared negative income $12.8 million, with $0 in taxable profits. The couple paid $750 in taxes.
- The 2018 return declared total income of $24.4 million, with taxable gains of $22.9 million. The Trumps paid $999,466 in federal income taxes.
- In 2019, the Trumps declared $4.44 million in comprehensive income, and $2.97 million in taxable income. They paid $133,445 in taxes.
- The 2020 return shows refusing income of $4.69 million, with zero dollars in taxable income. The tax paid by the Trumps was $0 and they claimed a refund of $5.47 million.
Deliver assign to the report on Trump’s annual tax returns here.