How to find out how much you paid in income taxes on your 1040 - Business Insider

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Have you paid more in income taxes than President Trump? Here's how to find out

compared to President Trump, there's an easy way to find out.Find your 1040, or the IRS form used to calculate your annual personal federal income taxes, for a given year. Turn to page 2, and look at line item 16.Line item 16 shows your "total tax," which is the total amount you paid in taxes for the year.

Line item 17 likely shows a larger number than line item 16. Line item 17 reveals how much your employer withheld from your paycheck for federal income tax for the year. But if you received a tax refund, then line item 16 has your refund amount subtracted from the amount withheld from your paychecks — this is the total amount you paid.When you file taxes, you either owe the government money or receive a refund.

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners.

 

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Not even close

Why would trump pay income tax when he takes 0 salary?

Or you have absolutely no idea how to do taxes

or it is one large Ponzi scheme

if you have a W2 then you probably did lol

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Trump paid just $750 in federal income taxes in 2016 and 2017: NYT - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. wow and libs told us for 4 year he didnt pay taxes. another ukraine hoax. pathetic Peaceful handing over of power is the hallmark of mature democracies. When one party cannot commit to this basic ideal, as a country we are heading into a category 7 hurricane. McConnell, Barr & senate republicans will live to regret this. Mark my words: this is just starting. Who cares
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