Donald Trump’s Tax Return Released After Years of Fighting

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Former President Donald Trump’s tax returns were released Friday morning. The disclosure is the culmination of a year-long battle over records. In November, the Supreme Court rejected Trump’s last-ditch attempt to block the release. Loading Something is loading.

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House Democrats on Friday morning released six years of former President Donald Trump’s tax returns, finally making his statements to the IRS available for public scrutiny following a multi-year legal battle that went to in the Supreme Court.

Before 2016, it was customary for presidential candidates to release their tax returns, allowing voters and the media to assess a candidate’s potential conflicts of interest and, of course, how much taxes they pay. .

Trump himself promised to do the same before he was elected. “It will be released,” he said six years ago.

But Trump didn’t do that.

As Maggie Haberman of The New York Times reports, the former president made an excuse with a specific purpose to not keep that promise: that he was facing an IRS audit. However, he has not released returns even for those years not under IRS scrutiny and has resisted Democratic attempts to force their disclosure, culminating in a Supreme Court ruling in November 2022 that rejected his effort. to block the House Ways and Means Committee from taking them up. .

Despite Trump’s efforts over the years, some of his past tax returns have been made public. In 2021, The New York Times obtained more than two decades worth of tax returns for Trump and his businesses, showing that the former president did not pay any federal income tax on at least 11 occasions.

Friday’s tax records include the years Trump has been president. They are available in Attachment E on the House Ways & Means Committee website.

Following the release of Trump’s tax documents, the former president released a statement praising its contents and dismissing attempts by Congress to gain access to his financial records.

“The ‘Trump’ tax returns show again how successful I have been and how I have used depreciation and various tax deductions as an incentive to create thousands of jobs and good structures and businesses,” Trump said. .

Sources

1/ https://Google.com/

2/ https://www.businessinsider.com/donald-trump-tax-returns-released-house-committee-supreme-court-2022-12

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