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Read how much Trump paid — or didn’t pay — in taxes each year
CNBC.com ^ | 12/21/2022 | Dan Mangan

Posted on 12/21/2022 9:56:29 AM PST by Beave Meister

The amount of income, deductions and taxes paid by or refunded to former President Donald Trump while serving in the White House was detailed in a new report released Tuesday night.

The report reveals that Trump on his federal tax returns declared negative income in 2015, 2016, 2017 and 2020, and that he paid a total of $1,500 in income taxes for the years 2016 and 2017.

On their 2020 income tax returns, Trump and his wife Melania paid no federal income taxes and claimed a refund of $5.47 million, according to the report by the staff of the Joint Committee on Taxation.

The report was posted online shortly after the Ways and Means Committee voted to make public redacted versions of Trump’s full income tax returns, and those of eight related business entities for the tax years 2015 through 2020.

(Excerpt) Read more at cnbc.com ...


TOPICS: Chit/Chat
KEYWORDS: 750; desantis2024; djt; donaldjtrump; incometaxreturns; maga; nevertrumpingtrash; presidenttrump; refund5million; returns; sickoflosing; sickofnevertrumpers; sickofrinos; taxes; taxreturns; tiredofityet; tiredofrinosyet; trump; waysandmeans
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To: Beave Meister

21 posted on 12/21/2022 10:10:07 AM PST by Theoria
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To: Beave Meister

Just... kind of left out ... the years 2018 and 2019 out of the story lead. Typical.

The bigger story is that the demonkkraps lied again. They argued that release of the tax information to the committee for a single former POTUS was for legislative purposes - to look at how POTUS tax returns were audited by the IRS. Apparently they perjured themselves through their attorneys.

The second big story is that Trump complied with the tax laws written by the Congress. So why was this important for the committee again?


22 posted on 12/21/2022 10:10:30 AM PST by Susquehanna Patriot ( )
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To: Beave Meister
The report was posted online shortly after the Ways and Means Committee voted to make public redacted versions of Trump’s full income tax returns

How does one committee have the power to act on behalf of the entire Congress? Doesn't the House have to vote to approve the committee's actions first?

-PJ

23 posted on 12/21/2022 10:11:15 AM PST by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Beave Meister

I hope President Trump paid zero tax. It will prove his point that the entire system is rigged against the working man.


24 posted on 12/21/2022 10:11:23 AM PST by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: Beave Meister

If Trump committed tax fraud, he should be punished.

If he followed the law and got a refund, good for him.

If the Democrats and Deep State lied about Trump committing tax fraud, to violate his privacy and release his taxes, then they should hang for treason.

If a judge ok his tax release, without evidence of tax fraud, they should hang as well.

The fact that someone is vilified for following the law, paying their taxes, while people like the Biden’s tax in recycled US tax dollars to payoff mansions, and are not investigated or punished, says that we live in a Fascist state.


25 posted on 12/21/2022 10:11:36 AM PST by Pete Dovgan
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To: central_va
"The first Trump ankle biter takes the bait."

You just knew that Natalie Would. 😁

26 posted on 12/21/2022 10:11:38 AM PST by Right Brother
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To: Beave Meister

The question is, Was Trump charged with tax evasion? If not, case closed and shut up. (I’m not talking to you, but the Democrats and MSM.)


27 posted on 12/21/2022 10:11:43 AM PST by Steve_Seattle
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To: All

I’m going to take a wild guess: since they released this “bombshell” a few days before Christmas it’s just a big nothing burger and they want to get rid of it when no one is paying attention.

Besides Grant, has any politician lost money after leaving DC?


28 posted on 12/21/2022 10:12:26 AM PST by escapefromboston (Free Chauvin)
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To: central_va

That was a pretty significant lie. I heard Trump say it at least 20 times (that he was being audited-when in reality he wasn’t)

I want a moral Ronald Reagan type back. A man we can be lookup to with respect. I am tired of politicains from both camps that lie with abandon.
Is that difficult to understand?


29 posted on 12/21/2022 10:13:09 AM PST by natalie227
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To: natalie227

AHH...a recent member.


30 posted on 12/21/2022 10:13:31 AM PST by Aria
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To: Beave Meister

People ignorant of running a big business are going to totally fail to grasp this
Democrats will intentionally incite this


31 posted on 12/21/2022 10:13:43 AM PST by silverleaf (“Freedom ultimately means the right of other people to do things that you disagree with”. T. Sowell )
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To: Beave Meister

The value of depreciation!


32 posted on 12/21/2022 10:14:33 AM PST by Aria
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To: natalie227

what lie?


33 posted on 12/21/2022 10:15:08 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: natalie227

DeSantis is being bought...by the usual suspects.

He should stay in Florida.


34 posted on 12/21/2022 10:16:23 AM PST by Aria
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To: Beave Meister

“Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” - Judge Learned Hand, Helvering v. Gregory, 69 F.2d 809, 810-11 (2d Cir. 1934).


35 posted on 12/21/2022 10:16:26 AM PST by kosciusko51
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To: Beave Meister

So Trump is completely on the up and up with his financial dealings?

Thats no way to get elected President.


36 posted on 12/21/2022 10:16:49 AM PST by Delta 21 (MAGA Republican is my pronoun.)
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To: natalie227

You really really think a business as complex as Trumps never was audited?
If not by the IRS, by the CPA firms covering their axxes


37 posted on 12/21/2022 10:16:55 AM PST by silverleaf (“Freedom ultimately means the right of other people to do things that you disagree with”. T. Sowell )
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To: Beave Meister
Here ya go Beave...


38 posted on 12/21/2022 10:17:35 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: central_va

central_va: what lie?

Trump during the 2016 and 2020 campaign said he was under IRS audit so under the advice of his accountant he could not release his tax returns.

Just being released Trump was never under IRS audit during those years.
That is a significant lie.
DeSantis 2024

https://www.dailymail.co.uk/news/article-11562411/Trump-paid-0-federal-tax-2020-taxes-werent-audited-IRS-2019.html


39 posted on 12/21/2022 10:18:53 AM PST by natalie227
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To: Texas Eagle
“ Thanks for the info. Now let’s see Pelosi’s and Schumer’s tax returns”

As the Biden Crime Syndicate has demonstrated, it’s their family members and close friends’ tax returns that need to be investigated to see how deep the REAL corruption goes, and how much.

40 posted on 12/21/2022 10:19:00 AM PST by Dogbert41 (Baruch Ha Ba Ba Shem Adonai!)
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