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U.S. House committee releases Trump’s tax returns

The former U.S. president says the revelation will lead to "horrible things" for so many people.

 
 
 

United States’ lawmakers Friday released Donald Trump’s tax returns after years of battle by the former president to keep his finances private.

The Democratic-controlled U.S. House of Representatives committee released Mr Trump’s redacted returns for 2015 through 2020, amid preparations for another run at the White House in 2024.

The development has triggered reactions from Mr Trump, who criticised the lawmakers.

The immediate past US president, who lost his re-election bid after serving a single term between 2017 and 2021, broke with tradition by refusing to release the tax records.

Earlier in December, as part of investigations into the presidential audit programme, the House Ways and Means Committee released a summary of six years of filings, from 2015 to 2020.

The documents showed that Mr Trump was not regularly audited by the Internal Revenue Service (IRS) and, despite reporting millions in earnings, he paid little in tax by claiming large business losses.

The House Ways and Means Committee voted on December 20 to release all of Mr Trump’s 2015-2020 returns, ending a four-year battle between Democrats and the former president that eventually reached the Supreme Court.

Summary

Details of the returns showed that Mr Trump claimed enormous annual deficits and paid $1.1 million in federal taxes in 2018 and 2019, the middle two years of his presidency, after making around $30 million selling assets.

 

 

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