{"id":28140,"date":"2022-12-21T15:18:54","date_gmt":"2022-12-21T20:18:54","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=28140"},"modified":"2022-12-21T15:18:59","modified_gmt":"2022-12-21T20:18:59","slug":"how-much-did-trump-paid-or-didnt-pay-in-taxes-each-year","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2022\/12\/21\/how-much-did-trump-paid-or-didnt-pay-in-taxes-each-year\/","title":{"rendered":"How much did Trump paid \u2014 or didn\u2019t pay \u2014 in taxes each year<\/strong>"},"content":{"rendered":"\n

The report reveals that Trump on his federal tax returns declared negative income in 2015, 2016, 2017, and 2020 and that he paid a total of $1,500 in income taxes for the years 2016 and 2017.<\/p>\n\n\n\n

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On their 2020 income tax returns, Trump and his wife Melania paid no federal income taxes and claimed a refund of $5.47 million, according to the report by the staff of the Joint Committee on Taxation.<\/p>\n\n\n\n

The report was posted online shortly after the Ways and Means Committee\u00a0voted to make public<\/a>\u00a0redacted versions of Trump\u2019s full income tax returns, and those of eight related business entities for the tax years 2015 through 2020.<\/p>\n\n\n\n

Those full returns are expected to be released in the coming days<\/p>\n\n\n\n

A separate\u00a0report<\/a>\u00a0released by the\u00a0Ways and Means<\/a>\u00a0Committee revealed that the IRS had started an audit of just one of Trump\u2019s tax returns while he was serving as president despite an internal policy mandating that sitting presidents have their returns audited annually.<\/p>\n\n\n\n

The 39-page report by the Joint Committee on Taxation staff gives a breakdown of the highlights of Trump\u2019s joint tax filings with Melania during his time in office, and the two years he first ran for president.<\/p>\n\n\n\n

The report identifies different areas that the staff thought warranted further examination, such as documentation of nearly $506,000 in charitable donations claimed by the Trumps in 2019.<\/p>\n\n\n\n

Highlights of the report include:<\/p>\n\n\n\n