The United States Congress released Donald Trump’s six-year tax returns after lengthy legal battles and speculation about the former US president’s finances, in a process that only ended with the intervention of the Supreme Court. The Washington Post, which has reviewed the documents, says they show Trump little or no taxes on the income you paid in six years, including the four years you were President of the United States.
In response, Trump said the tax returns “proudly” show how “successful” he has been and how he has been able to use “tax deductions” as an “incentive to create thousands of jobs and great structures and businesses.” “Democrats should never have done this, the Supreme Court should never have approved this. This will lead to horrible things for many people,” he suggested in a statement cited by CBS News.
After analyzing the documents, The Guardian says the numbers reflect heavy business losses and undermine the narratives of wealth and business success that Trump has tried to convey over the years. In addition, the former president fulfilled, during his first three years in office, his promise to donate his annual salary of $400,000 to charity. But in 2020, when nonprofit organizations were struggling to help victims of covid-19 and the unemployment associated with the pandemic, no donations were recorded.
The Washington Post also reveals that Trump has bank accounts worth more than $10 million in various foreign countries – such as China, Ireland or the United Kingdom – and has earned money from a list that the American newspaper considers to be long from various foreign nations. . while he was president of the United States.
The release of documents, which include sensitive personal information, comes a week after the House Ways and Means Committee voted in favor, revealing that in 2020, Donald Trump declared damage and he paid no income taxes in his last year in the White House. Additionally, The Guardian reports that between 2016 and 2017, Trump and his wife paid just $750 in taxes. The couple also declared lower income to reduce the taxes they would have to pay, since they earned money from various businesses: from real estate to golf clubs to wine.
The information that is made public, which covers the period from 2015 to 2020 (the year in which he announced his candidacy for the US presidency and the last one he spent in the White House), comes a few days after the Republicans take back control of the House. of Representatives. The report is nearly 6,000 pages long, including more than 2,700 pages of individual statements by Trump and his wife, Melania.
When he ran for US president, Trump refused to release his tax returns and fought a legal battle to keep them secret while in the White House. However, last month, the Supreme Court ruled that the former president should deliver the documents to the Congressional Commission. In turn, The Washington Post reports that Joe Biden, as a candidate and president, released his tax returns.
Donald Trump declared losses and paid no income taxes last year at the White House
Source: Observadora
