Massive losses and large tax deductions in Donald Trump¡¯s returns reveal how the former U.S. president was able to use the tax code to minimize his income tax payments.
Democrats on the House Ways and Means Committee released Trump¡¯s tax returns Friday, after he lost a multiyear legal battle to keep them private. The documents show the president¡¯s complex, and sometimes unusual, financial situation.
The records illustrate how Trump, as a business owner and a real estate developer, is eligible for a bevy of tax breaks that most taxpayers can¡¯t claim. The filings, which cover 2015 to 2020, also detail how Trump was affected by the 2017 tax-cut bill he signed into law.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.