February 7, 2023

The Indie Toaster

Complete News World

Trump released the taxes by the US House

The US House of Representatives released files on former President Donald Trump’s tax returns on Friday. The documents are from the period 2015 and 2020. The revelation comes just days before Republicans take over the House.

According to reports, Trump did not pay income tax in 2020. According to the report, the former president has bank accounts in Ireland, China and the UK.

Representative Dan Beyer, a Democrat, said in a statement that the documents were “lawfully” obtained by “IRS tax enforcement, including the Presidential Audit Program.”

The information comes after Trump refused to provide information on his income tax returns. Accordingly, the US Supreme Court granted the committee access to his tax returns.

The former president was investigated for financial fraud and tried to cover up his tax returns while in office.

Reasons for Trump’s tax exposure

Records show Trump’s income and tax liabilities increased dramatically between his first run for office in 2015 and the end of his term in 2020. The New York Times It indicates that Republicans did not pay federal taxes in 11 of the 18 years analyzed.

The revelation comes as part of an “investigation” into the IRS’s practice of conducting mandatory audits of presidents still in office, after Democrats on the panel released two reports on Republican taxes.

According to reports, the body failed to audit the former president during his first two years in office. Additionally, the 2019 verification was not carried out.

The republican answer

In an interview with CBS News, Trump said: “The tax return shows once again how proudly I have succeeded and how we have been able to use depreciation and other tax deductions as an incentive to create thousands of wonderful jobs and businesses.”

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