Newly released tax returns reveal Donald Trump paid more in foreign than US taxes for years
Trump paid $641,931 in US federal income taxes in 2015, as he began his campaign for president, but paid just $750 in 2016 and 2017. In 2018, he paid nearly $1 million, he paid $133,445 in 2019, and nothing in 2020, the last year of returns that were released.
"The return doesn't say, 'Guess what? I'm committing fraud,'" Daniel Shaviro, a taxation professor at New York University, toldA summary report of the returns, released by the House Ways and Means Committee last week, revealed that the American , despite an internal policy that mandates the review of presidential finances.
"This is a major failure of the IRS under the prior administration, and certainly not what we had hoped to find," Neal said inreleasing Trump's returns."But the evidence is clear. Congress must step in. I've proposed legislation to put the program above reproach. Ensuring IRS conducts yearly, timely examinations while publicly disclosing certain information."
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