Documents showing that former US President Donald Trump paid $1.1 million in income tax in the first three years (2017-2019) while in the White House, but did not pay a penny in 2020, were published by a commission of the House of Representatives. Wednesday (21).
According to American media, in data from 2015 to his departure from the Presidency, Trump paid low taxes due to continued financial losses. Financial loss was declared in 2015, 2016 and 2017 with zero income tax.
According to CNBC, in 2015 Trump and his wife Melania reported $31.7 million in losses; USD 31.2 million in 2016; and $12.8 million in 2017.
But in 2018, it reported earnings of $24.3 million in adjusted gross income and paid nearly $1 million in federal taxes. The following year, the president at the time also announced revenues of US$4.4 million, resulting in a fee of US$133,400.
But in 2020, the first year of the covid-19 pandemic, the republican posted a new fiscal loss of $4.8 million with zero income tax.
According to The New York Times, the House committee should launch a new investigation against the former president because of the large number of cash donations made over the years. CNBC reported more than $500,000 in charity in 2019 alone.
For years, Trump has sought in every aspect of American justice to prevent his income tax returns from being made public – which is unheard of for a head of state in the country. However, after several Supreme Court defeats, the Committee could release the Republicans’ tax papers.
source: Noticias
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.