Trump’s tax returns are likely to offer the clearest picture yet of his finances during his time in office.
of Trump on a timely basis during his presidency, as required under the tax agency’s protocol.
Instead, Trump has touted his wealth in the annual financial statements he gives to banks to secure loans and to financial magazines to justify his place on rankings of the world’s billionaires. leaked tax records that showed that Trump received a modern-day equivalent of at least $413 million from his father’s real estate holdings, with much of that money coming from what the Times called “tax dodges” in the 1990s.that Trump paid just $750 in federal income taxes in 2017 and 2018, as well as no income taxes at all in 10 of the past 15 years because he generally lost more money than he made.
By comparison, there were audits of President Joe Biden for the 2020 and 2021 tax years, said Andrew Bates, a White House spokesperson. A spokesperson for former President Barack Obama said Obama was audited in each of his eight years in office. The measure, approved mostly along party lines, has little chance of becoming law in the final days of this Congress. Rather, it is seen as a starting point for future efforts to bolster oversight of the presidency.
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