Donald Trump paid no income tax during the final full year of his presidency as he reported a loss from his sprawling business interests, according to tax figures released by a congressional panel
The records, released late on Tuesday by the Democratic-led House of Representatives Ways and Means Committee after a years-long fight, show that Trump's income, and his tax liability, fluctuated dramatically during his four years in the White House.
The committee questioned the legitimacy of some of those deductions, including one for $916 million, and members said on Tuesday the tax returns were short on details. The panel is expected to release redacted versions of his full returns in coming days. Democrats on the panel said their review found that tax authorities did not properly scrutinize Trump's complex tax returns to ensure accuracy.U.S. President Donald Trump departs on travel to West Point, New York from the South Lawn at the White House in Washington, U.S., December 12, 2020. REUTERS/Cheriss May/File PhotoThough the U.S. Internal Revenue Service is supposed to audit presidents' tax returns each year, it did not do so until Democrats pressed for action in 2019.
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