What we know about Donald Trump’s tax returns
Donald Trump’s tax returns have been released to the public, putting the former president’s finances and business practices in the spotlight as he faces calls for criminal charges in connection with the January 6 Capitol riot.
The partially prepared returns from 2015 to 2020 total nearly 6,000 pages of what a preliminary study appears to show are legal but creative accounting strategies to keep their federal tax contributions as low as possible.
An accompanying report from the committee shows a pattern of questionable claims for professional expenses, charitable deductions, what are “disguised gifts” to his grown children, and the canny use of real estate write-offs in New York.
Mr Trump was also revealed to have foreign bank accounts in China, the UK, Ireland and St Maarten, and in his first year in office he paid more tax overseas than in the US.
The former president reacted angrily to the publication of the reports warning that such a precedent would lead to “terrible things for so many people” and that divisions in the US would become much worse.
Follow our rolling coverage of what we know so far
ICYMI: Trump’s tax returns available to the public after a multi-year court battle
A Democratic-controlled House of Representatives committee has released six years of President Donald Trump’s tax returns in an extraordinary move a day before Republicans take control of the chamber.
The House Ways and Means Committee published redacted versions of Mr Trump’s business and personal tax returns for the years 2015 – when he announced his candidacy for the presidency in the 2016 election – through 2020, the last full year of his term.
Andrew Feinberg reports from Washington, DC.
Oliver Connell31 December 2022 06:30
Alyssa Farah says Kayleigh McEnany ‘a liar and an opportunist’
The House Select Committee that investigated the Capitol riot has released a collection of deposition transcripts, including statements from Ms. Farah Griffin.
Graig Graziosi has the story.
Oliver Connell31 December 2022 04:30
Ginni Thomas admits she was unaware of any evidence of voter fraud
In an interview with the House committee investigating the attack on the US Capitol, a transcript of which was released on Friday, Ms Thomas said she was not “very deep” in her knowledge of specific allegations of voter fraud at the time of her lobbying. effort, but instead “it was based on the people I trusted and the news I trusted.”
Richard Hall reports on her testimony.
Oliver Connell31 December 2022 03:30
Trump aide reveals how long it took him to return a call to shoot looters
It took a White House aide five hours to convince President Donald Trump to retract his infamous tweet calling for the shooting of looters during racial justice protests, according to transcripts of a dramatic Jan. 6 interview.
Rachel Sharp has the story.
Oliver Connell31 December 2022 02:30
Trump made millions from his father’s inheritance while his own property turned over
Donald Trump’s business empire is heavily dependent on public image and societal whims – and the cost of bucking those trends has become clear in the second year of his presidency, writes John Bowden.
Oliver Connell31 December 2022 01:30
Ginni Thomas says she regrets post-election texts to Meadows
Virginia Thomas, the wife of US Supreme Court Justice Clarence Thomas, says she regrets sending texts to then-White House chief of staff Mark Meadows after the 2020 election, telling a House committee on January 6 “that if I sent them all back I would return them all. could today.”
Oliver Connell31 December 2022 01:00
Trump had overseas bank accounts in China, the United Kingdom and Ireland while in office
Donald Trump had foreign bank accounts in China, the UK, Ireland and St Maarten during his presidency, and in his first year in the White House he paid more foreign tax than the US, his returns showed.
In 2017, Trump’s foreign financial interests remained relatively strong; he paid more than $1m in taxes to other countries that year. But at the same time, his domestic efforts to protect himself from taxes were also in full swing, and he paid less than $1,000 for the year in federal income taxes.
John Bowden has the details.
Oliver Connell31 December 2022 00:30
Meadows will not face voter fraud charges in North Carolina
Mark Meadows, former White House chief of staff to President Donald Trump, will not face voter fraud charges related to his 2020 registration and absentee vote in North Carolina, the state’s attorney general announced Friday.
Meadows, a former consultant from western North Carolina who worked for Trump during his final months in the Oval Office, was an unbiased critic of the former president’s baseless claims that the 2020 presidential election was stolen from him. Meadows attracted the attention of government attorneys when details emerged that he was simultaneously registered to vote in North Carolina and two other states.
Oliver Connell31 December 2022 00:00
Trump reacts to the publication of his tax returns
Oliver Connell30 December 2022 23:30
Despite warnings, Kushner, Melania and others from Trump claimed the Jan. 6 violence was a ‘shock’
Top Trump administration aides claim they were surprised that protests at the US Capitol turned violent on January 6, 2021, despite law enforcement agencies warning in advance of such a possibility.
The claims came in newly released transcripts of interviews conducted by the House committee investigating the attack with several top advisers to then-President Donald Trump.
Richard Hall has the story.
Oliver Connell30 December 2022 22:50