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Trump news today: Trump’s tax returns reveal a web of losses, write-offs, ‘disguised gifts’ and some charity

Trump news today: Trump’s tax returns reveal a web of losses, write-offs, ‘disguised gifts’ and some charity

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What we know about Donald Trump’s tax returns

Donald Trump‘c tax refund were made public, putting the former president’s finances and business practices in the spotlight as he also faces calls to be criminally charged in connection with the January 6 Riot on the Capitol.

The partially redacted returns from 2015 to 2020 total nearly 6,000 pages of what a preliminary investigation appears to show were legal but creative accounting strategies to keep his federal tax payments as low as possible.

An accompanying commission report pointed to what it considered a pattern of questionable claims for professional expenses, charitable deductions, what may have been “disguised gifts” to his grown children and skillful use of New York real estate write-offs.

It was also revealed that Mr Trump has foreign bank accounts in China, the UK, Ireland and St Maarten and in his first year in office has paid more tax abroad than in the US.

The former president reacted angrily to the release of the declarations, warning that such a precedent would lead to “terrible things for so many people” and cause the division in the US to “get even worse”.

Stay tuned for our continued coverage of what we know so far

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ICYMI: Trump’s tax returns have become public after a years-long legal battle

A Democratic-controlled House committee has released six years of President Donald Trump’s tax returns in an extraordinary step days before Republicans take control of the chamber.

The House Ways and Means Committee released redacted versions of the Mr. Trumpbusiness and personal tax refund for the years 2015 – when he announced his candidacy for president in the 2016 election – to 2020, the last full year of his term.

Andrew Feinberg reports from Washington, DC.

Oliver O’ConnellDecember 31, 2022 06:30

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Kayleigh McEnany ‘a liar and an opportunist’, says Alyssa Farah

A treasure trove of deposition transcripts were provided by the House Special Committee investigating the Capitol riot, including statements coming from Mrs. Farrah Griffin.

Greig Graziosi has the story.

Oliver O’ConnellDecember 31, 2022 04:30 AM

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Ginny Thomas admits she was unaware of any evidence of voter fraud

In an interview with the House committee investigating the attack on the US Capitolwhose transcript was released Friday, Ms. Thomas said she “didn’t go very deep” in her knowledge of specific allegations of voter fraud during her lobbying efforts, but instead “was basing what I believed from people I trusted and news I trusted.”

Richard Hall reports her testimony.

Oliver O’ConnellDecember 31, 2022 03:30 am

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Trump aide reveals how long it took to reverse call to shoot looters

It took five hours for a White House aide to convince the then-president Donald Trump to hit back at his infamous tweet calling for looters to be shot during racial justice protests, according to a dramatic 6th of January interview transcripts.

Rachel Sharp has the story.

Oliver O’ConnellDecember 31, 2022 02:30 am

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Trump made millions from his father’s inheritance while his own properties failed

Donald TrumpThe US business empire relies heavily on public image and public whims – and the cost of bucking those trends has been evident in the second year of his presidency, writes John Bowden.

Oliver O’ConnellDecember 31, 2022 01:30 am

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Ginny Thomas says she regrets the post-election messages to Meadows

Virginia Thomas, wife of a US Supreme Court Justice Clarence Thomassays she regrets texting until then-the White House chief of staff Mark Meadows after the 2020 election, telling a House committee on Jan. 6 that “I would take them all back if I could today.”

Oliver O’ConnellDecember 31, 2022 01:00

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Trump had foreign bank accounts in China, the United Kingdom and Ireland while in office

Donald Trump had foreign bank accounts in China, the United Kingdom, Ireland and St. Maarten during his presidency and paid more foreign taxes than the U.S. in his first year in the White House, his filings show.

In 2017, Trump’s outside financial interests were still apparently quite strong; he paid over $1 million in taxes to other countries that year. But at the same time, his domestic tax avoidance efforts were also in full swing, and he paid less than $1,000 for the year in federal income taxes.

John Bowden knows the details.

Oliver O’ConnellDecember 31, 2022 12:30 AM

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Meadows will not be charged with voter fraud in North Carolina

Mark Meadows, the former the White House chief of staff to the president Donald Trumpwill not face voter fraud charges related to his 2020 registration and absentee voting in North Carolinathe state’s attorney general said Friday.

Meadows, a former congressman from western North Carolina who worked for Trump during his final months in Oval office, has been an outspoken defender of the former president’s baseless claims that the 2020 presidential election was stolen from him. Meadows caught the attention of government lawyers when details surfaced that he was simultaneously registered to vote in North Carolina and two other states.

Oliver O’ConnellDecember 31, 2022 00:00

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Trump reacts to the release of his tax returns

Oliver O’ConnellDecember 30, 2022 11:30 p.m

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Despite warnings, Kushner, Melania and other Trump officials say Jan. 6 violence was ‘shock’

Peak Trump administration associates claim they were surprised by the protests in US Capitol turned violent on January 6, 2021, even though law enforcement had warned in advance of such a possibility.

The claims come in recently released transcripts of interviews conducted by the House committee investigating the attack with multiple senior advisers to the then-president Donald Trump.

Richard Hall knows the story.

Oliver O’ConnellDecember 30, 2022 10:50 p.m


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