The Trumps Paid $0 In Income Taxes In 2020, But That’s Not The Worst Part: Report
Donald Trump’s tax returns are set to be made public in the coming days and they are not helping his case. A new report found that Trump and his wife Melania Trump reported negative income in four out of the six years between 2015 and 2020.
According to the report, “in three of those years — 2015, 2016 and 2017 –the Trumps reported income tax liability of just $750, a report from the House Ways and Means Committee revealed.”
The full release of the returns is expected in the coming days after all personal information is redacted from them.
The New York Post reported the following:
In the six-year period covered by the returns, the Trumps’ adjusted gross income totaled negative $53.2 million, and their total federal tax liability, including self-employment and household employment taxes, was $4.4 million.
The Trumps reported positive adjusted gross income in only two of those six years — $24.3 million in 2018 and $4.4 million in 2019.
In those years, the then-first couple’s tax bill increased, the report found, with the Trumps paying almost $1 million in taxes in 2018 and $133,445 in 2019.
In 2020, as the coronavirus pandemic raged across the country, the Trumps reported a loss of $4.8 million and paid $0 in federal taxes.
You can read the full report HERE.
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