Congress has finally got its hands on Trump's taxes and it's already raising questions.
, the program was “dormant” during Trump’s presidency; his returns were not audited in 2017 or 2018, and the IRS only notified him that his 2015 taxes would be audited on April 3, 2019 — the same day Neal requested his returns. “This is a major failure of the IRS under the prior administration, and certainly not what we had hoped to find,” Neal said in his statement Tuesday, calling for Congress to codify the yearly presidential tax audits into federal law.
Democrats on the Ways and Means Committee will also release six years of Trump’s tax records in the coming days, after redacting the documents of sensitive information. But the panel’s report Tuesday already contained some significant revelations: Despite reporting tens of millions in income, he paid only $750 in 2016 and 2017 and nothing in 2020, citing business losses. He paid $641,931 in 2015, $999,466 in 2018, and $133,445 in 2019.
Trump has long sought to keep his financial information from the public; he broke with decades of tradition when he refused to release his tax returns during his run for office, lying that he could not do so because he was under audit. “I don’t mind releasing,”
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