|
Last Friday, the House Ways and Means Committee released six years' worth of former President Donald Trump's federal tax returns. The documents show exactly how much Trump paid in federal income taxes, and how he arrived at those — very low — numbers.
MuckRock editor Derek Kravitz shared the tax returns on DocumentCloud, organized by form type and year. The collection spans hundreds of pages across 45 documents.
Here are several main takeaways from the tax returns, according to a team of reporters at CNN:
- Trump made tax claims that may be suspicious to auditors, including the business which runs his personal helicopter reporting exactly the same amount of income and expenses in 2017.
- The House committee released these documents after a years-long legal battle that went up to the Supreme Court, with the court clearing publication in November.
- Trump held foreign bank accounts between 2015 and 2020, in countries including China, the U.K. and Ireland. In 2017, Trump paid more taxes to foreign countries than he paid U.S. federal income tax.
- Despite pledging to donate his $400,000 salary as president to charity, Trump failed to claim any charitable donations on his 2020 tax returns. He paid $0 in federal income taxes in 2020, the final year of his presidency.
- The Republican tax plan that Trump signed in 2017 appeared to have placed some limitations on the tax deductions he could claim in one part of his returns during 2018, 2019 and 2020.
- According to the House committee, the IRS opened a "mandatory" audit on Trump's tax returns only once during his time in office.
Seen other reporting or insights from the returns? Find something interesting as you review them? Let us know!
Image from Trump's 2020 Form 1040, via DocumentCloud.
|
