Donald Trump has paid $1.1 million in federal taxes over two of his four years in office, according to a report reviewed by lawmakers on Wednesday (December 21st), but next to nothing the rest of his time in office. White House.
The Republican paid 750 dollars in 2017, a million, therefore, in 2018 and 2019, and nothing in 2020, the year during which his losses widened and he lost the presidential election to Democrat Joe Biden.
These figures, made public late Tuesday in the report of a parliamentary committee, show that the 76-year-old billionaire reported huge deficits from 2015 to 2020.
Read alsoA parliamentary committee votes in favor of the publication of Trump's tax returns
But his earnings skyrocketed in 2018 and 2019, further fueling speculation about the extent of his fortune as Congress prepares to release its tax returns.
The former reality TV star recorded capital gains on asset sales of $22 million in 2018 and $9 million the following year.
But he lost almost $65 million during his campaign for the presidency in 2015 and 2016 and around $13 million during his first year in office.
In 2020, his earnings were in the red of $5 million.
Losses declared between 2015 and 2018 to pay less tax?
The report also showed Donald Trump carried forward $105 million in net operating losses on his 2015 return, $73 million in 2016, $45 million in 2017 and $23 million in 2018 to reduce tax liabilities. .
Elected officials had voted Tuesday in favor of the publication of the tax returns of the former president, who led a legal battle for several years to keep them private.
“
Trump reported tens of millions of dollars in losses and credits without the kind of justifications that an ordinary taxpayer would likely provide
,” Democratic lawmaker Lloyd Doggett said in a statement.
A separate parliamentary report on the US tax authorities showed that the latter had not done what it was supposed to do for almost all of Donald Trump's term.
“
The tax authorities opened only one mandatory examination from 2017 to 2020 for returns filed while the former president was in office
,” according to the text.
The IRS began auditing Donald Trump the same day Democrats on the commission requested information about his taxes in 2019.
