Friday Congress published tax returns For Donald Trump for the years 2015-2020.
In total, there were about 6,000 pages of documents. There are about 2,700 pages of individual documents from Trump and his wife, Melania, and more than 3,000 documents from Trump’s business.
After publication, most of the attention was paid to how little Trump paid in taxes.
The Trumps never paid more than $750 in federal income tax in 2016 and 2017. In 2018, they paid just under $1 million and in 2019, $133,400. In 2020, he paid no tax at all.
Now journalists and others have more time to review tax returns. They found many amazing circumstances.
Money is not given away
During the 2016 election campaign, Donald Trump said he would forgo his entire presidential salary of $400,000 if elected.
– Trump said, according to the report, that I would give up my entire salary if I became president The New York Times.
He writes that when he was president, he also bragged several times that he had given up his salary CNN.
– While the press doesn’t like to write about it, I donate my $400,000 annual presidential salary to various public organizations during the year, Trump wrote on Twitter in 2019.
Now the tax return shows Trump donated no money at all in the final year of his presidency.
Money donated to charities is tax deductible in the United States. Now the Congressional Tax Committee is questioning many of Trump’s alleged gifts.
Among other things, Trump claimed discounts for donations of large sums of cash, without being able to document that the money was actually donated.
accounts in several countries
Tax returns also show that Trump had bank accounts in China, Ireland and Great Britain from 2015 to 2017.
By 2018, it appears to have closed accounts in China and Ireland. That year, he only reported on the UK account.
2017, the last year he had a bank account in China, was also Trump’s first year as president.
It is contrary to what he said during a presidential debate in 2020. He then said he believed the account was closed in 2015.
– I closed it before I was nominated as a presidential candidate, and at least before I became president.
Newly elected Democratic Congressman Daniel Goldman says you usually only have accounts in other countries if you make transactions in that country’s currency.
What kind of work did Trump do in China when he was president? Goldman asks.
Income from many countries
Tax returns also show that Trump received income from more than a dozen countries while he was president, he writes Politico.
From 2015 to 2020, Trump received income from Canada, Panama, the Philippines, Ireland, the United Arab Emirates, and the United Kingdom, among others.
He had a large income from several countries. In 2017, his first year as president, he earned total receipts of at least $35.3 million from Canada.
In the same year, he earned $6.5 million from China, $5.8 million from Indonesia, and $5.7 million from India.