The House Ways and Means Committee released former President Donald Trump's tax returns after a yearslong legal battle.
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Trump and his wife Melania declared negative income of $31.7 million, and taxable income of $0, on their 2015 return. They paid $641,931 in federal income taxes.
On their 2016 return, the Trumps declared negative income of $32.2 million, and again recorded $0 of taxable income. They paid $750 in taxes.
Trump and his wife declared $12.8 million in negative income in the 2017 return, with $0 in taxable income. They again paid $750 in taxes.
The 2018 return showed a rosier picture for the Trumps’ finances: they declared $24.4 million in total income, and $22.9 million in taxable income. They paid $999,466 in federal income taxes.
Trump and his wife declared $4.44 million in total income, along with $2.97 million in taxable income, on their 2019 return. They paid $133,445 in taxes.
The 2020 return declared negative income of $4.69 million and no taxable income. They paid no tax and claimed a refund of $5.47 million.
The returns show major losses for many Trump properties during the six years. For instance, a 2015 tax return for “DJT [Donald J. Trump] Holdings LLC” showed a $12 million loss for Trump Turnberry Scotland.