Former President Trump didn't pay any income tax in 2020: report

Trump reported losses from his vast business interests, according to tax data released by a congressional panel.

[{"selector":"#anim-17211d2f-c94b-4ecd-916f-39a8f4ae5a13 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] CREDIT GETIMAGE

[{"selector":"#anim-f67420a9-618a-43bb-a742-29899d4f71f8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Trump and his wife, Melania, paid some form of tax during all four years, but were able to reduce their income taxes in many years. Trump and his wife, Melania, paid some form of tax during all four years, but were able to reduce their income taxes in many years. CREDIT GETIMAGE

[{"selector":"#anim-b0279b25-ceb5-4614-bb7d-0daf1bbf37fe","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] The committee also questioned the legality of some of those deductions. The committee also questioned the legality of some of those deductions. CREDIT GETIMAGE

[{"selector":"#anim-732a6b29-f254-4cc6-b41e-e628696a769a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Trump refused to make his tax returns public at the time during his two presidential campaigns. Trump refused to make his tax returns public at the time during his two presidential campaigns. CREDIT GETIMAGE

[{"selector":"#anim-b6c06092-08b7-45c9-9b03-47eed82c1231 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Their review found that tax officials did not properly check Trump's complex tax returns to ensure accuracy. Their review found that tax officials did not properly check Trump's complex tax returns to ensure accuracy. CREDIT GETIMAGE

[{"selector":"#anim-a0a0a05a-33fe-4506-a2f5-118e86dd0266 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The IRS assigned an agent to conduct the audit, the panel found, and did not investigate some of the deductions claimed by Trump. The IRS assigned an agent to conduct the audit, the panel found, and did not investigate some of the deductions claimed by Trump. CREDIT GETIMAGE

[{"selector":"#anim-cc816d55-b576-4cdb-9f3e-d8b30cf886c1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] He reported adjusted gross income of $24.3m in 2018 and paid net taxes of $1m, while in 2019 he reported income of $4.4m and paid $134,000 in taxes. He reported adjusted gross income of $24.3m in 2018 and paid net taxes of $1m, while in 2019 he reported income of $4.4m and paid $134,000 in taxes. CREDIT GETIMAGE

[{"selector":"#anim-ed3701d8-ed2b-4116-9d5a-5a6bc6d70906 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] In 2020, he paid no net income tax, reporting a loss of $4.8m. In 2020, he paid no net income tax, reporting a loss of $4.8m. CREDIT GETIMAGE

Former President Trump didn't pay any income tax in 2020: report

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Former President Trump didn't pay any income tax in 2020: report

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Trump reported losses from his vast business interests, according to tax data released by a congressional panel.

Trump reported losses from his vast business interests, according to tax data released by a congressional panel.

Former President Trump didn't pay any income tax in 2020: report

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