Trump paid no federal income tax in his last year as president | CNN Business

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Former President Donald Trump reported a stunning reversal of fortune during the middle two years of his presidency that led to a considerable tax bill, according to a report from the Joint Committee on Taxation released Tuesday night

The $1.1 million Trump paid in federal taxes in 2018 and 2019 stand in stark contrast to the $750 he paid in 2017 and $0 in 2020. Trump’s tax bill grew substantially as his income surged in 2018 and 2019, according the report that included details on Trump’s tax returns from 2015 to 2020, ahead of the planned release of the returns themselves.

But he reported taxable income of $24 million in 2018 and more than $4 million in 2019, giving him a sizeable tax bill. Trump has leveraged massive losses he accumulated over the years to zero out his tax liabilities, as previously shown by a New York Times investigation. For example, the JCT noted that Trump carried forward $105 million in losses on his 2015 return, $73 million in 2016, $45 million in 2017 and $23 million in 2018. “It’s the 2,000-pound gorilla.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Hey, how about investigating Joe, Hunter, Pelosi, Sharpton, and other Democrats as well as Trump? Not expecting an answer you biased hacks!

Why do we care how much Trump payed in taxes? I'd do eveeything i could to pay the least i could so why would i expect less from anyone else?

As I said, America was for sale

13 hOuRs LaTeR....326 likes...keep beating that 🐎 🙄 Or maybe...just mayyyybe let's focus on REAL news effecting Americans pocketbooks and SAFETY

It is beyond me as to how this CRIMINAL can get away with no paying taxes; I am on social security and still had to pay taxes!! Something is wrong with that picture!

Trump makes my Pagina quiver

Anything illegal? Next

Crook

Lies lies lies.

also worked for free for four years?

So collect what the lying SOB owes..with interest penalty. Just like anybody else.

Trump 2024!

Lock that fat orange racist knucklehead up already!!!

Trump is a Real Estate Professional utilizing the election on his taxes, allowing him to deduct losses from his passive real estate activities against his taxable income. Do people do any research before posting crap on the internet?

Trump is the peoples champ

Were all of your editors fired in the mass cut? 'Will released today' His will? Ohmygod, did he die? His will is being released?

Love how MAGA thinks donating his presidential salary make up for cheating on taxes. Trump loves the poorly educated.

So you will know...I don't want a copy of his tax return...I get enough junk mail already.

Who care. report on this president he and his family have more to hide or is hiding more than Trump ever could!!!

Russia?

Wait! I thought you marxist democrats said billionaires don’t pay taxes

One thing he was right about though was the media

Maybe because he had donated his salary. For being POTUS.

Of course he didn’t and probably many many years. He’s a con artist

Ever wonder why the government can change the tax code on average America people almost over night...but hasn't changed the tax code for billiionaires in 40 years

The emperor must pay!!

No surprise CNN is reporting BS.

let's be clear - if anything he did was illegal - the IRS would have charged him long ago. It may 'suck' that he didn't pay taxes but it isn't 'illegal'. If people don't like the current tax code - change it - but they won't because too many hypocrite dems profit from them.

😆 your likes are way down 👌

soooo, he basically used 'legal' tax loops that EVERY wealthy American does including all HYPOCRITE DEMOCRATS. Nothing burger. Let's look into why Nancy Pelosi is worth $300M on a $300K salary shall we? Insider trading seems more interesting.

If you have a problem with that then push to change the tax code.

cnn ABC NYTIMES WASHINGTONPOST MSNBC CBSNEWS FOXNEWS cnbc Reuters CNBC BBCNews BBCWorld Now that we learned Trump lied horribly. The big question is what can we do to ever prevent this from happening again. Or do the assumed rich still have it's privileges.

Stop! He has businesses employees and pays taxes on properties and employer taxes. Go away wuth this bullshit.

And that’s the way the cookie crumbles..

Trump excels in getting into bankruptcy and making the taxpayers cover up his debts. Once Trump and Ivanka saw a homeless person lying in a corner and Ivanka made a dismissive gesture, but Donald said to her: 'This guy is worth 8 billion more than me!'

He never took a salary while he was President. Amazing that your channel never thought to mention that. He donated quarterly to charities.

Yo. Been to the El Paso Airport?

No shit. HE DONATED HIS ENTIRE SALARY AND GAVE UP HIS BUSINESSES to make our country great again. So he had No taxable income. MAGA

He didn’t collect his presidential pension and he removed himself from all his business when he became president. No income no tax. He is wealthy he can support himself from his savings

In his last year my ass, man ain't paid taxes his whole life.....y'all just forgot about 'no Traces' of his taxes yearsssssss.....?

he has always been a crook too bad America never listened to what people were saying

Coming from a network that lost 33% of viewers and averages 730k now. DemoRAT owned and operated. You're on your way out.

I heard u guys were thinking? About leaving Twitter. Donald Trump? Says u guys were always quitters u guys in the end choose to be corrupt.

Trump also donated his presidential salary for 4 straights years to many different charities. He’s a great man. Biden and Obama did not donate their salaries because they are both scum.

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