Friday Congress released the tax returns to Donald Trump for the years 2015-2020.
In total, there were about 6,000 pages of documents. There are approximately 2,700 pages of individual documents from Trump and his wife Melania and more than 3,000 documents from Trump’s companies.
After publication, most attention was paid to how little tax Trump paid.
The Trump couple paid no more than $750 in federal income tax in 2016 and 2017. In 2018, they paid just under $1 million and in 2019, $133,400. In 2020, he paid no taxes.
Now reporters and others have had a bit more time to sift through tax returns. They found several surprising conditions.
No money given
During the 2016 election campaign, Donald Trump said he would donate his entire $400,000 presidential salary if elected.
— I’ll give up my salary completely if I become president, Trump says according to report New York Times.
While he was president, he also repeatedly bragged about donating his salary, writing CNN.
– Although the press doesn’t like to write about it, I donate my annual presidential salary of $400,000 to various public companies throughout the year, Trump wrote on Twitter in 2019.
Now the tax return shows Trump gave no money at all in the last year of his presidency.
Money donated to charity is tax deductible in the United States. Now the Congressional Tax Committee is questioning several of Trump’s alleged giveaways.
Among other things, Trump claimed deductions for large cash donations, without being able to prove that the money was actually donated.
Accounts in multiple countries
Tax returns also show that Trump had bank accounts in China, Ireland and Britain in the years 2015 to 2017.
In 2018, he apparently closed the accounts in China and Ireland. That year, it only reported the UK account.
2017, the last year he had a bank account in China, was also Trump’s first year as president.
It is contrary to what he said during a presidential debate in 2020. Then he said he thought the account was closed in 2015.
– I closed it before presenting myself as a candidate for the presidency, and at least before becoming president.
Newly elected Democratic Congressman Daniel Goldman said that generally you only have accounts in other countries if you transact in that country’s currency.
– What kind of business did Trump do in China while he was president? asks Goldman.
Income from many countries
Tax returns also show Trump had income from more than 10 countries while he was president, writes Policy.
From 2015 to 2020, Trump received income from Canada, Panama, the Philippines, Ireland, the United Arab Emirates and the United Kingdom, among others.
He had big income from several countries. In 2017, his first year as president, he grossed at least $35.3 million from Canada.
In the same year, it earned $6.5 million in China, $5.8 million in Indonesia, and $5.7 million in India.
“Music practitioner. Passionate bacon fanatic. Reader. Food enthusiast. Alcohol nerd. Gamer. Twitter maven.”