Trump tax returns revealed

A new report released on Tuesday night has detailed the income, deductions, and taxes paid or refunded to former President Donald Trump while he was serving in the White House.
According to the report, Trump declared negative income on his federal tax returns in 2015, 2016, 2017, and 2020, and paid a total of $1,500 in income taxes for the years 2016 and 2017. In 2020, Trump and his wife Melania paid no federal income taxes and claimed a refund of $5.47 million.
The report was released by the staff of the Joint Committee on Taxation and follows the Ways and Means Committee’s decision to make public redacted versions of Trump’s full income tax returns and those of eight related business entities for the years 2015 through 2020.
These full returns are expected to be released in the coming days.
According to the report released by the Ways and Means Committee, the Internal Revenue Service (IRS) had only started an audit of one of Trump’s tax returns while he was serving as president, despite an internal policy that requires sitting presidents to have their returns audited annually.
The report released by the Joint Committee on Taxation staff provides a breakdown of the highlights of Trump’s joint tax filings with his wife Melania during his time in office and the two years he first ran for president. It is a 39-page report.