Take our user survey and make your voice heard.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Trump's tax returns released after long fight with Congress
By MICHAEL R SISAK and JILL COLVIN WASHINGTON©2024 GPlusMedia Inc.
74 Comments
Superlib
Trump is damaged goods.
DeSantis 2024.
UChosePoorly
I guess the IRS audit is over at long last. Thank you President Trump for releasing your tax returns as you promised so many years ago :)
Moonraker
There will be those without two dimes to rub together who will see Trump as victimised for having to reveal his tax returns. That does my head in. And they will no doubt contribute to his ongoing conman stunt of having them pay for his legal battles. "Ah but what about Biden and the Dems .... blah, blah?"
Newgirlintown
Ha, finally!
Yrral
Tax Fraud
MarkX
While I absolutely detest the man and everything he has done to the US, from reading this article either he or his accountants were able to manipulate the tax code/system so that he didn't pay any taxes. What is more interesting is the fact that he had bank accounts in China, Ireland and the UK, while he was president. What money was filtered through those accounts would be interesting to see!
Superlib
You can see Biden's tax returns here: https://www.whitehouse.gov/wp-content/uploads/2022/04/2022-04-15-POTUS-Redacted-2021-Federal-and-State-Returns.pdf
You can see Harris' tax returns here: https://www.whitehouse.gov/wp-content/uploads/2022/04/2022-04-15-VPOTUS-Redacted-2021-Federal-and-State-Returns.pdf
You can see Clinton's tax returns when she ran for President here: https://www.npr.org/2016/08/12/489776309/in-an-effort-to-pressure-trump-clinton-releases-tax-rate
There's your "start" on "open season."
Allen
Yrral you clearly haven’t read his taxes have you? Massive losses. Once again another sham on the poor leftist Trump haters.
No American citizen should ever have their private taxes released to the public. Period! Presidents were not required to do so, until now. This will come back to haunt the Dems.
Trump just keeps on winning!
Cards fan
So what you're saying is he really is a loser? I thought Trump ran as a business genius, who would use the same acumen for the American people well?
Considering they voluntarily release their tax returns, no it won't.
bass4funk
Absolutely not. No one cares. Now that’s out of the way and the Dems are retired, they played their last card and their tirade is now officially over, he can precede with going ahead with 2024
stormcrow
Trump paid over a million bucks in foreign taxes but only a few hundred bucks in U.S. taxes. That kind of jumped out at me.
Hervé L'Eisa
Another big, fat nothingburger landing egg on the faces of the Trump-haters. The Ways & Means democrats dumped this literally days before they are getting ousted.
They will rue the day, however, as the backlash will come back to haunt those who pushed for such overreach.
lincolnman
"Negative qualified business income"...or in other words, "losses"....as in losing. So we learn that not only is Trump a "scumbag" as Steve Bannon so artfully described, he's also a big-time Loser. 150 businesses failing to make a profit? That sounds a lot like his court record of 0-62 proving fraud. Trump has to hold the Guinness record for losing..
Well, well, well...Trump had a bank account in CHINA while President....why is that not surprising....
Remember all those glowing remarks he made about XI when COVID first broke?
https://www.politico.com/news/2020/04/15/trump-china-coronavirus-188736
Or when he praised Xi for ruling China with an "iron fist".....
https://www.businessinsider.com/trump-calls-putin-smart-praises-xi-ruling-china-iron-fist-2022-9
Now we know why...wonder how much the payoff was....hopefully the Special Counsel can find out.
Superlib
Who would back Trump in 2 years? It's like the guy is going into exile.
He's damaged goods.
PTownsend
Interesting to learn daddy Trump had to bankroll his financially incompetent brat son for so many years, and then Trump found, maybe in the USA maybe somewhere else, another sugar parent to keep bailing him out of his terrible business choices. Who was, maybe were those parents, and which country were they from? For someone who got his followers to believe he was all about 'America First' His tax info does seem to indicate he relied on other nations a lot, while cheating on local, state and federal taxes. Trump has shown he's part of the global elite, just not as rich as most in that circle supporting him. Trump saw how rich his pal Putin got as a politician, but failed to achieve Putin's power and wealth, the US systems and US voters were able to stop his grabs. No wonder Trump's Republicans want to further damage US systems.
bass4funk
Who wouldn’t?? Since I have been able to vote, I never cared what any previous President paid on taxes, never understood why that was needed. Health records is something different. However, what you earn and make, your business. I just care how you run the country. But since we are digging into irrelevant matters, I wonder if Pelosi would release all of her tax statements.
Not this guy.
Not to the average American. 3 more days left and this madness is finally over with these people.
Simon Foston
bass4funkToday 09:12 am JST
The majority of American voters didn't vote for Donald Trump in 2020. You don't speak for the average American.
bass4funk
Over 70 million did, half of the country that voted religiously, and without hesitation
I’m an average American and given the fact that the Dems officially have failed at trying to get this guy and knowing how hard they have tried and to see the support he gets, I beg to differ. With the exception of Obama who else on either side can fill stadiums to the brim? No one.
lincolnman
So the only money Trump made is through investments his FATHER left him....
But those investments he made himself all LOST money....
And not only himself, he had to bail out his loser son, who obviously inherited his father's business sense, not his grandfather's...
https://www.yahoo.com/news/key-takeaways-trumps-tax-returns-192217355.html
The tax returns prove many things - but mostly that Steve Bannon only got one thing right; “This is where it isn’t a witch hunt—even for the hard-core, this is where he turns into just a crooked business guy, and one worth $50m instead of $10bn, Not the billionaire he said he was, just another scumbag.”
BINGO Steve-O.....
Simon Foston
Hervé L'EisaToday 08:59 am JST
You come across as a bit biased.
u_s__reamer
The scanty information we can glean from this article does not do justice to the juicy details of Trump's tax returns of a traitor already circulating. The self-serving tax cuts for the rich bearing Trump's squid ink signature and the emoluments cascading into his coffers during his term in office are yet to be evaluated, but the verdict is already clear: he's a crook and a lifelong scofflaw (as close scrutiny of his decades of bizness deals will or would show). And the dangling question remains: why was the IRS so reluctant to do its duty by law and by the American people and lift up and look under the slimy rock at Trump's tangled tax filings? Here we have another scandal brewing over at America's "Animal Farm".
Bob Fosse
I don’t know if you’ve been following the news, polls, the GoP, the last election results etc but the reality is very few people would vote for 45 again. A very small and very lost minority.
Superlib
We call that a "strong second place finish." Which is the same as saying he lost.
Trump lost by millions of votes and his popularity has only declined over the past 2 years. His tax situation and other investigations aren't helping.
He's also been exposed as a massive loser when it comes to making money. If he weren't handed $400 million from daddy he'd be the most sued used car salesman in the history of the United States.
Bob Fosse
Wasn’t that happening last November?
What happens in 3 days? What’s the countdown after that one?
eric_japan
Tax returns…it never ends
*who*** in history has been attacked by government machine more than 45? If you applied a quarter of that much effort to find something on the other members of the US government, in all likelihood half of them would be in jail. As we know it’s turning into a 2 tier justice system. One for us and one for the people we don’t like. And they work hand in hand with media and tech to create division and hate in order to stay in power. Anyone who denies this is either lying or refuse to believe because it benefits their side.**
bass4funk
keep up the good fight
bass4funk
We don’t vote for a President based on the popular vote.
No, it’s about reaching 270 in the EC. We are a constitutional Republic, remember that.
If that “were” the case then why are the Dems , the Feds and some RINO’s overly obsessed with trying to get this guy relentlessly? We’re he not a threat in any shape or form they would ignore him, but this sick obsession proves otherwise, they played their last card and lost.
Not hurting
What a relief! Now we know the guy wasn’t lining his pockets with cash, if anything, the guy was losing money. Killed that misconception from the left as well. Vindication once again.
Jimizo
Filling stadiums does not translate to winning elections.
Trump filled some stadiums in the run up to 2020 but was roundly thrashed by someone Trump claimed just stayed in his basement.
In other words, Biden in mental decline gave Trump a hiding in the election and didn’t need to leave his basement to do it.
Blacklabel
So That was what all the fuss was about for 6 years?
not even enough there to call it a “nothing burger”…just nothing.
bass4funk
Yes, very closely in fact. If you go by registered voters that were polled, these same pollsters also said that the Dems didn’t stand chance at retaining the Senate. They also said, Trump is going to prison, the point is, we can take a lot of the political polling with a grain of salt.
You can believe that. Just like we heard all year Trump was going to get locked up. I think people should believe whatever they want, the Dems have been doing this, not about to start bursting their bubble.
No, but it does translate to how popular you are as a candidate.
Still does
ROFL
Superlib
Trump lost both in 2020. One term loser.
Yes I remember Biden doing that in a landslide.
It is the case unless you have opinion polls showing me Trump's popularity has increased overall since 2020, the year he lost the EC in our Constitutional Republic in a landslide. Plus the popular vote.
Things will only get worse for Trump as the GOP moves from him to DeSantis. Releasing his tax returns didn't help. Just join Ron already and ditch Trump and be done with it.
rainyday
Meh. After 6 years of build up, this seems like pretty small potatoes compared to all the other bad stuff we have seen Trump do publicly. Hard to get worked up about some guy having a bank account in China when we’ve already seen that guy try to stage a violent coup after losing an election.
Its like a sequel to a really good first movie whose reception suffers from overly high expectations in the audience.
Cards fan
Indeed we don't, which makes one wonder why someone would bring up the point that 70 million people voted for trump!
Superlib
Well, no. The fuss will come with the audits and investigations.
The immediate impact for Trump will be the loss of respect for him as a businessman, but there's no crime in being a loser.
Blacklabel
He didn’t pay taxes! (He did)
he’s broke (no he isn’t)
he lost money in 2020! (So did everyone except the COVID gremlin)
he doesn’t give to charity! (He did)
he used his office to make money! (he lost money)
he doesn’t own anything! (He has 150 business entities)
he’s using the skating rink to charge people extra! (He losses money on it every year)
So can we finally not talk about this ever again? It’s been a repetitive 6 years for nothing found.
bass4funk
270 is all that matters
As did Trump in 2016
After what we saw in 2016 and 2022, we can chuck most of the polling.
It’s still by a large margin him or DeSantis, either way the outcome still looks great.
Yeah, the left continue to say this, taxes, prison, he’s going to lose, we keep hearing this
Didn’t hurt and now the time clock on the Dems tirade is over.
funkymofo
Trump running as GOP candidate, or indeed as an independent in ‘24 is a gift to the Democratic Party.
obladi
If I were you Donald, I would focus on staying out of jail. You are not going to be The President again.
Blacklabel
how horrible! Impeach!
oh wait.
that’s how it all actually works when you follow the law and the tax code.
lincolnman
And the question we all want to see answered; given Eric Trump's boast in 2014;
He said asked Donald Trump how he was paying for his courses, and the now-president “sort of tossed off that he had access to $100 million,” Dodson said in the interview.
Dodson said he then questioned Eric Trump, who was along for the day.
}”I said, ‘Eric, who’s funding? I know no banks — because of the recession, the Great Recession — have touched a golf course. You know, no one’s funding any kind of golf construction. It’s dead in the water the last four or five years,’” the writers told WBUR.
*“And this is what he said. He said, *‘Well, we don’t rely on American banks. We have all the funding we need out of Russia.’ I said, ‘Really?’ And he said, ‘Oh, yeah. We’ve got some guys that really, really love golf, and they’re really invested in our programs. We just go there all the time.’”
https://thehill.com/homenews/news/332270-eric-trump-in-2014-we-dont-rely-on-american-banks-we-have-all-the-funding-we/
So where are those $100 million in Russian loans identified on his tax returns?
Nemo
It’s going to take some time for forensic accountants to have a good dig, but we know that:
The IRS failed to follow its own rules and audit him. I wonder who gave that order?
Trump is an incompetent buffoon at business. He lost so much money that these pass throughs let him reduced his tax liability to zero, but that is not all!
His losses were so big that his losses (taxable income) was not just zero, it was several 10s of millions of dollars below zero. This isn’t using depreciation or a smooth use of tax law. It’s a sign of business incompetence.
He is a tax cheat. The ONE year the ITS did start, but did not complete an audit, there were so many red flags, so many sketchy, undocumented deductions that they couldn’t finish it in time.
He’s a liar. He never intended to release his taxes and he knew that they were not under audit.
Dotard is a failure. He’s a liar. He’s a fraud. And now we all know, KNOW it.
Superlib
Definitely hurt him, except for those people who worship him no matter how much of a loser he presents himself to be. But you'll be a DeDantis fan soon enough. Trust me.
And this is far from over. I'm curious as to where he came up with the dollar amounts for his "charitable land contribution." Or the paperwork on the loans to his kids, which is a massive red flag. Or is $150 million in COGS for a real estate office. Or "consulting fees" paid to Ivanka. Or a rental property that had massive rental expenses with no renters. Or expenses that match income for businesses exactly to the dollar.
Tune out all you want, but it doesn't change the fact that some support an investigation.
sunfunbun
Trump and his 2 decade long losses leading to near zero tax payments.
likely his entire life he’s not made money and paid little on what he has. A true patriot. Not.
Insurrection showed he’s not a patriot. The guy is a loser on a massive scale of excrement. No wonder he uses the word fake so much, it’s him.
Blacklabel
nothing to see.
isnt he just a loser who lost money?
Of course after 4 years of the “he’s using the presidency to enrich himself”and make money! Muh emomulents or something wasn’t it?
another dud. Hey what happened to that raid on his house?
walls still closing in though! Haha
Mr Kipling
I absolutely detest the man but as expected there isn't anything as yet in those tax papers to get excited about.
Is there more to come?
bass4funk
Makes no sense. The Dems and Feds would stop hounding this guy if it did. Hmmm…
I am and he also runs on the same policies as Trump, either way, it’s a win, win.
Wait, either he’s done or he’s not, which is it?
Have been for 6 years and the only success the Dems have in these 6 years is releasing Trump’s taxes? Lol
Superlib
Unless you lie and inflate expenses. That's not allowed under the law. You really struggle to understand that.
For example, a couple of weeks ago you talked about spending $225,000 on Tesla stock @ $150 a share. To date you've lost at well over $40,000.
If you sold now you can carryover that expense as a massive loss and shield yourself from other gains. All perfectly legal.
Now if you tell us you had $150,000 in expenses from that single transaction that actually don't exist, well, that's not legal. It's tax fraud.
Claiming a loss is how the system works. Claiming fake expenses isn't.
Hope that helps.
Blacklabel
Liberals repeat all the false media narratives and question why they don’t see any of them in the releases documents? Where is this loan? Where is that payment?
they aren’t there. Because those were…..false media narratives.
Come on man, this isn’t that hard to figure out.
Superlib
Well hopefully not. If someone is suspected if breaking the law I would expect the authorities to investigate, and prosecute where applicable, not say that they investigated this guy for other things in the past so its time to let him break the law a little.
Nemo
We don’t impeach former presidents for criminal activity, we prosecute them.
Get your criminal procedure correct.
Trump may or may not be persecuted for tax fraud. James NY has had these docs for a year and hasn’t done anything yet, so….
But politically this is more dirt (or SOMETHING brown) on his grave.
He’s a tax cheat. Most years he didn’t pay taxes at all due to business incompetence and tax fraud.
Even in the years he did pay, his taxes were pitifully low. $750? That doesn’t make you smart. That makes you a leach on society.
Good luck explaining to your low wage rubes how they pay taxes but you don’t, even when you do you pay less than they do - and that’s fair.
And this whole incident makes him look like the small fragile man he is.
There’s nothing illegal here? Then why not release them? Oh right - you did a bad job with daddy’s money.Politically, he’s more burned-up than depleted uranium.
It’s hard to say who is more pathetic: this failure or the rubes who continue to hold him up as anything other than the life failure he is.
bass4funk
We have been hearing this for 6 years
Yeah, we know, prison, taxes, Rykers Island…yawn….
Anyway, the Dems gave it their best shot. Teflon Don
Wick's pencil
If Trump really was damaged goods, they wouldn't be constantly attacking him. The dems are attacking him because they are afraid of him.
Moonraker
That may be because we have become so inured to lies, deceits, fabrications and shamelessness, aided by Trump himself, that such matters as having a bank account in China, which might have felled others in the past, at least in the honourable parts of the world, which may not include the US, we can now overlook.
Blacklabel
That “yet” word again.
nice cherry pick, you missed the other 2 years he paid millions.
none of that or any of this supports your claim of a tax cheat. what fraud are you referring to?
If you don’t have to pay, then you don’t have to pay.
lincolnman
Hmmmm.....
He was a consistent business loser - some business genius...
The only profits he got were from investments left from his father....
He had a bank account in CHINA while President...
He failed to list a loan from a North Korea affiliated company...
He paid more foreign tax than US tax several years - giving money to foreign governments...
He said he would donate his entire salary to charity - another lie - no charity donation in 2020...
He lied when he said his returns were "under audit" - his IRS head failed to audit his returns from 2016 to 2019 as required...
Where are those Russian loans listed?
And that's just the tip of the iceberg - the iceberg that will likely take down the Trump Titanic...
He is definitely that - thanks for pointing that out. But he's also a tax fraud - whose Black Sharpie signature is on those Trump Org tax dodge perk checks?
Then when the IRS and DOJ go through and review all those over and under-valued properties, then the heat is really on. Just add another criminal investigation to the three already ongoing...
So long Loser...
Blacklabel
quite clear (to the non obtuse) that it’s not there because he donated it.
Nemo
One of the interesting things is that in 2018, the one year that he reported significant (in absolute terms, in percentage terms pretty pathetic in terms of ROI), his profits were almost exclusively the result of capital gains on the sale of an asset.
So 2 questions:
Why is he so bad at business that his main line businesses cannot make a profit in a booming economy?
Why did he sell an asset at significant capital gain when he didn’t in previous years?
The answer is Cash Flow.
His businesses were in trouble. He didn’t generate enough cash to pay his bills (or his debts). So he had to sell an asset in order to get enough cash to pay his bills.
Blacklabel
Yet we have actually heard none of that. It’s all been super quiet and quite protected, hasn’t it?
Blacklabel
none of which is tax fraud.
I was promised proof of back door payments from evil doers not him just selling something he owns.
Nemo
Why did he sell his Hotel in DC?
Cash.
He wasn’t making money on it. He lost 70 million in the 4-5 years it was open even when using it as a slush fund for foreign money and hangers on. Now that he wasn’t going to be president anymore, it sure as hell wasn’t going to make any money and HE NEEDED THE CASH to pay his debts since none of his other businesses were making money, so he sold it a mere 5 years after spending 250 million to renovate it.
That isn’t business savvy. That’s desperation.
That’s what non-forensic accountants can tweak in less than 10 hours.
Just think what a team of forensic accountants is going to find?
Business incompetence and wanton tax fraud.
lincolnman
Well, isn’t this interesting….
In a 2020 debate, Trump was asked explicitly about his Chinese bank account - and his answer?
Donald Trump insisted in response to a question during a 2020 presidential debate with Joe Biden that he closed down his bank account in China before his first campaign. But six years of Trump’s tax records released Friday reveal that wasn’t true.
*“I had an account open, and I closed it,” Trump said with some irritation to moderator Kristen Welker, NBC White House correspondent, in the final debate of the campaign in October that year. *“I closed it before I even ran for president, let alone became president.”
https://www.yahoo.com/news/trump-declared-presidential-debate-shut-015925810.html
“I’m shocked, shocked”, as Louie would say. Trump outright lied….and what a real whopper - said he closed it before 2016 but his tax records show it open from 2016-18…
And then we find out that in 2020 Trump paid zero US tax, but paid significant tax in CHINA…
The same China he blamed for the COVID virus and said was cheating US businesses…
So Trump helped fund the missiles that are now aimed at us and Taiwan…
And I bet our pro-Trump friends will still tell us this tax release is “nothing”...
Nothing - as in proving him a liar, a fraud, a cheat, and a traitor…
Nemo
Foreign bank accounts.
Paid more in foreign taxes c than in US taxes.
"Loans" to his kids.
A company who's revenues and expenses exactly matched (A forensic accountant said this was "statistically impossible").
A donation of land valued at $21 million for tax purposes that he paid 7 million for and couldn't develop.
Cash donations with no documentation.
Nemo
Actually to the non-obtuse it's pretty clear that he did not at least for 2020.
In 2020, he had zero in charitable deductions. Zip zilch nada none nil.
This is the guy who wrote off his payoff to a porn star. You really think he wouldn't have taken the deduction if he had donated as he claimed?
So, in addition to being a tax cheat and a failure in business, he's a liar as well.
But we knew that already.
Nemo
To have a full picture of his criminality will require audits by forensic tax experts.
Shame on the IRS for not doing its job.
One wonders who "encouraged" them not to follow their own rules?
So lets have a properly resourced audit of the Dotard's taxes that is as invasive as a colonoscopy without anesthesia.
THEN, we can know what a failure, as well as what a cheap list and likely a tax evaded he actually is.
Until then the "nothing burger" wing has not a toe to balance on.
bass4funk
Well, now the left got to see the guys taxes, let’s all laugh and mock the guy, put the TDS in the bin and then we can all move on to a new beginning in the next few days, new Congress, new investigations flipmode should be interesting.
bass4funk
If you wanna go after him and put him in jail, which is pretty much impossible, then you have to go after a lot of people of the Democrat party, seriously
They did in 2012 ask Lois Lerner
Yup?
Nemo
I keep hearing that, but when he is convicted of the crimes of which he is so obviously guilty, prison will be the logical result.
I don't know that he will be sentenced to prison, but the idea that he is going to commit numerous felonies and just walk away like nothing happened is "dubious."
If they have committed tax fraud then have at them. But on this day, 12/31/2022 the only people for whom we have strong evidence of tax fraud are Santos and Dotard - both GQP.
funny that.
Can I get a "hmmmmmm"?
Bob Fosse
’pretty much’ impossible. Hmmmm.
A little more open to the possibility than the hundreds of times you’ve said it will never happen?
bass4funk
The Dems fleeing wish.
Lol
Democrats?