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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

Congress and the IRS make the rules; we play the game. If Trumps accountants found a legal way to avoid being raped by the IRS, more power to them.


161 posted on 12/22/2022 5:36:08 AM PST by muir_redwoods (Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
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To: Beave Meister
These yahoos forget about the "net operating loss carryforward".

old article from NPR.

https://www.npr.org/sections/thetwo-way/2016/10/04/496463285/is-it-fair-that-businesses-get-to-carry-forward-their-losses

When a business taxpayer has negative income, that loss can be used to get a refund for past taxes paid or get carried forward to reduce future tax bills. Under current law, you can carry back two years and carry forward for 20.

Congress has been allowing net operating loss — NOL — credits since 1918.


How often does one get to use it ? I don't know
162 posted on 12/22/2022 4:43:49 PM PST by stylin19a (Therapist said my narcissism has me misread social situations. I'm pretty sure she was hitting on me)
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To: natalie227

Those clips all mention being “under audit,” which is not the same as being audited.


163 posted on 12/22/2022 5:25:43 PM PST by Lisbon1940 (I don’t see why they would)
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To: Allegra

not proof...just a report.

https://www.vanityfair.com/news/2022/12/donald-trump-avoided-irs-audit-in-first-two-years-of-presidency

NYTimes also reporting

https://www.nytimes.com/2022/12/20/us/politics/trump-tax-returns-irs-audit.html

Pres. Trump said he was being audited - during a debate

https://dailycaller.com/2016/02/25/trump-says-he-cant-release-taxes-because-hes-being-audited-video/


164 posted on 12/22/2022 10:27:57 PM PST by stylin19a (Therapist said my narcissism has me misread social situations. I'm pretty sure she was hitting on me)
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To: natalie227

“The IRS reported to the House Ways and Means commitee Trump was not under audit during the years he claimed he was. The report is online via pdf.”

I remember Lois Lerner taking the 5th and then her full retirement. Where is the Tea Party today?

That’s like saying, “The FBI says there was no spying on the President of the United States.” Everyone gets their full retirement and then big money jobs with the Mockingbird Media.


165 posted on 12/29/2022 10:24:55 AM PST by Dogbert41 (Baruch Ha Ba Ba Shem Adonai!)
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