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Donald Trump’s Tax Returns Released by House Committee

Democrats publish six years of records after long legal dispute and before they lose control of House  
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WASHINGTON—The House Ways and Means Committee released six years of Donald Trump‘s tax returns Friday, pushing documents into the public sphere that the former president had long tried to keep confidential. 

The panel’s move to release the returns comes in the waning days before Democrats lose control of the House on Jan. 3.

It caps years of political and legal wrangling. House Democrats said they needed the material to oversee the Internal Revenue Service’s annual audits of presidential tax returns, while Mr. Trump and Republicans called it an invasion of taxpayer privacy for political reasons.

The documents released Friday could add detail to a set of reports that the House committee made public last week, which showed that Mr. Trump and his wife, Melania Trump, reported negative income in four of the six years from 2015 through 2020. The Trumps paid some form of federal taxes every year, but they reported income-tax liability of $750 or less in three of the six years.

The couple’s adjusted gross income totaled negative $53.2 million during that period. From 2015 through 2020, the Trumps’ total federal tax liability was $4.4 million, the committee report showed.


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Author: Editors Desk

Source: WSJ:

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