Donald Trump has paid $1.1 million in federal taxes over two of his four years in office, according to a report reviewed by lawmakers on Wednesday, but next to nothing the rest of his time in the House- White.
The Republican paid 750 dollars in 2017, a million, therefore, in 2018 and 2019, and nothing in 2020, the year during which his losses widened and he lost the presidential election to Democrat Joe Biden.
These figures, made public late Tuesday in the report of a parliamentary committee, show that the 76-year-old billionaire reported huge deficits from 2015 to 2020.
But his earnings skyrocketed in 2018 and 2019, further fueling speculation about the extent of his fortune as Congress prepares to release his tax returns.
The former reality TV star recorded capital gains on asset sales of $22 million in 2018 and $9 million the following year.
But he lost almost $65 million during his campaign for the presidency in 2015 and 2016, and around $13 million during his first year in office.
In 2020, his earnings were in the red of $5 million.
The report also showed that Mr. Trump carried forward $105 million in net operating losses on his 2015 return, $73 million in 2016, $45 million in 2017 and $23 million in 2018 to reduce payables. taxes.
Court battle
Elected officials had voted Tuesday in favor of the publication of the tax returns of the former president, who led a legal battle for several years to keep them private.
“Trump reported tens of millions of dollars in losses and credits without the kind of justifications that an ordinary taxpayer would likely provide,” Democratic lawmaker Lloyd Doggett said in a statement.
A separate parliamentary report on the US tax authorities showed that the latter had not done what it was supposed to do for almost all of Donald Trump’s term.
“The tax authorities opened only one mandatory examination from 2017 to 2020 for returns filed while the former president was in office,” according to the text.
The IRS began auditing Mr. Trump the same day Democrats on the commission requested information on his taxes, in 2019.