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The tax returns of former President Donald Trump and his wife Melania show they reported negative income in four of the six years between 2015 and 2020. In three of those years — 2015, 2016 and ...
Donald Trump paid no income tax during the final full year of his presidency as he reported a loss from his sprawling business interests, according to tax figures released by a congressional panel.
That loss put the former president almost $5 million in the red for 2020. That means he didn’t have any taxable income and he didn’t pay anything in income tax.
The former president's 2020 tax returns were prepared by a different accountant than Mazars, which dropped Trump as a client and disavowed years of financial statements it had prepared for him.
A House committee on Friday made public six years of former President Donald Trump's tax returns, which showed he paid relatively little in federal taxes in the years before and during his presidency.
But in 2020, as the country staggered under the coronavirus pandemic, his finances reversed course: Mr. Trump reported a loss of $4.8 million and zero income tax.
Former President Donald J. Trump, who fought for years to keep his returns private, made no charitable donations in 2020, and his own tax law may have cost him. Here’s a running list of insights.