Donald Trump’s tax returns are now public. The documents could provide new insights into how he paid little to no taxes for several years.
Former U.S. President Donald Trump arrives on stage during an event at his Mar-a-Lago home on November 15, 2022 in Palm Beach, Florida. Trump announced that he was seeking another term in office and officially launched his 2024 presidential campaign. | Joe Raedle/Getty ImagesHouse Democrats released several years’ worth of Donald Trump’s tax returns on Friday, a watershed in their long battle to pry the information loose from the former president.
A preliminary analysis released last week by the House Ways and Means Committee found that Trump paid little to no taxes for several years by claiming huge business losses. Committee Chair Richard Neal sued the Treasury Department in 2019 to obtain the returns under a law that allows the heads of Congress’ tax committees to access anyone’s tax information, after Trump broke decades of tradition by refusing to voluntarily release them. After a long court battle, the Supreme Court in November cleared the way for Neal to get them.
The returns will now be available to tax experts and non-experts alike, a development that Trump’s former fixer Michael Cohen has said Trump feared would result in the government levying additional taxes and penalties.
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