Credit: Joe Raedle/Getty Images
The news was confirmed by the washington postwho pointed out that the IRS did not conduct mandatory audits during the former president’s first two years in office, despite the fact that there appeared to be many matters to investigate.
Trump, who reportedly wanted the IRS to investigate his political enemies during his 2017-2021 presidency, and his legal team have gone to great lengths to block the release of his personal tax records.
He became the first presidential candidate in years to refuse to release his tax records during his run. While this is not required by law, it is common practice.
A new article from The New York Times claims that Trump paid $1.1 million in federal income taxes during his first three years in office. However, as his losses allegedly increased in 2020, he did not pay any tax. Trump reported a loss of $4.8 million at the height of the COVID-19 pandemic.
Credit: Joe Daniel Price/Getty Images
This information comes from the fiscal data published on Tuesday by the Chamber.
Trump and his company have faced far-reaching legal trouble of late. The Trump Organization’s criminal prosecution lawsuit recently concluded in Manhattan, with the company found guilty on all counts.
Former CFO Allen Weisselberg, who previously accepted a plea deal that includes prison time, provided key testimony at the trial.
Although Donald Trump himself was not named a defendant in the criminal proceedings, he has faced an avalanche of his own legal troubles following the January 6, 2021 riots at the United States Capitol.
The businessman’s Mar-a-Lago property in Florida was the subject of a now-infamous Federal Bureau of Investigation (FBI) raid, seizing many of the tax documents in question, on August 8 and, according to Bloombergthe businessman “invoked his Fifth Amendment right against self-incrimination on Wednesday [August 10] to avoid answering deposition questions in a civil investigation of his family’s real estate business by New York Attorney General Letitia James.”
Credit: Joe Raedle/Getty Images
Trump also recently came under fire for falsely accusing former presidents George HW Bush and Barack Obama of also keeping classified documents.
In addition to the aforementioned situations, the Trump family faces other legal problems. Letitia James and her office have officially filed a $250 million civil lawsuit against Trump, and the former president is also the subject of an ongoing 2020 voter fraud investigation in Georgia.
Are you happy that Donald Trump’s tax records are being released publicly?
You can also enjoy:
– A decade after his death, $40 million Holocaust survivor. The fortune has yet to be claimed
– Legislators reach agreement to finance federal government Until September 2023
– Billionaire Ken Griffin sues the IRS
Feature Image Credit: Pool/Getty Images
