The US House of Representatives Committee has made public the tax returns of former US President Donald Trump for the years 2015-2020. Former President Donald Trump and his wife, Melania Trump, have not paid any federal income taxes in 2020, their last year in office, according to Trump’s hundreds of pages of tax returns. Trump reported little or no tax liability due to business losses from 2015 to 2020, the report said. The report also found that the Internal Revenue Service (IRS), the U.S. federal agency for tax collection, failed to perform the audits required in Trump’s first 2 years as President, but found that it only began to do so after Committee oversight proceedings began in 2019. .
“Our findings clearly show that the Internal Revenue Service did not begin mandatory audits of the former President until I made my first request,” said Richard Neal, Democrat Chairman of the House Roads and Means Committee. Don Beyer said: “Donald Trump refused to do so, even though he promised to release his tax returns. “He abused the power of his office to obstruct basic transparency about his finances and conflicts of interest.”
TRUMP: ‘USA DIVISION WILL GET MUCH Worse’
Commenting on the release of the tax returns, Trump warned that the report would make the political divide in the United States “much worse”. “The Democrats should never have done this, the supreme court should never have upheld it. This will lead to terrible things for a lot of people. The great divide in the US is going to get much worse now. Radical, left-wing Democrats have weaponized everything, but remember, it’s twofold,” Trump said. It’s a dangerous road,” he said.
3-YEAR FIGHT FOR TRUMP’S TAX STATEMENTS
Former US President Donald Trump has challenged the tradition that applies to every political party chairman by refusing the House of Representatives Committee to review tax returns during his presidency. On the other hand, Democrats in the House of Representatives had fought for Trump’s tax returns for 3 years, arguing that this was a necessary oversight action. In May, it was announced that Trump’s tax returns would be made public.
TAX STATEMENTS LEAKED TO THE PRESS
On the other hand, tax records of former US President Donald Trump have been leaked to the press before. In 2018, the New York Times reported on Trump’s alleged tax returns that Trump had received at least $413 million from his father’s estates. The New York Times reported in 2020 that Trump paid only $750 in federal income taxes in 2017 and 2018, and almost no income tax due to the fact that he has lost more money than he usually earns in recent years. (UAV)