Trump paid Zero income Tax in 2020

DM Monitoring

WASHINGTON: 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. The records, released late on Tuesday by the Democratic-led House of Representatives Ways and Means Committee after a years-long fight, show that Trump’s income, and his tax liability, fluctuated dramatically during his four years in the White House. The records cut against the Republican’s long-cultivated image as a successful businessman as he mounts another White House bid.Trump and his wife, Melania, paid some form of tax during all four years, the documents showed, but were able to minimize their income taxes in several years as income from Trump’s businesses was more than offset by deductions and losses.

The committee questioned the legitimacy of some of those deductions, including one for $916 million, and members said on Tuesday the tax returns were short on details. The panel is expected to release redacted versions of his full returns in coming days.