12/31/2023 0 Comments Npr trump financesSELYUKH: Why did the committee want these records in the first place? Of course, recently his company, the Trump Organization, was convicted of decades of tax fraud and schemes. For instance, he claimed a $21 million deduction involving a New York property and whether it was overvalued. The returns raise lots of questions as well about the details of the losses, because the higher the claimed losses, the more it reduces his tax liability. This is someone who ran on being a successful businessman, and yet his businesses from his Turnberry golf course in Scotland to his now-sold hotel in Washington, D.C., according to these records, appear to have sustained some significant losses. They're lengthy and complicated, but some of what they show is that since Trump declared for president in 2015, he's claimed millions of dollars in losses for his businesses, years of negative personal income, and he paid little or no taxes in multiple years. MONTANARO: Well, the tax returns are from six years - 2015 to 2020, Trump's last year in office. We've been waiting for these returns for years. NPR's senior political editor and correspondent Domenico Montanaro has waded through hundreds of pages of lines and numbers and joins us now. The Democratic-led House Ways and Means Committee took this unusual step Friday after a years-long fight to obtain the records. So a congressional committee did it for him, almost two years after he left office. Unlike every president since Richard Nixon, Donald Trump refused to release his taxes.
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