The thousands of pages of documents offer insights into his Chinese bank account to how much he earns in residuals from his cameo in Home Alone 2.
In one of its last acts under Democratic control, the United States House of Representatives has released six years of former president Donald Trump’s tax returns, dating to 2015, the year he announced his presidential bid.
It also highlights the two-tier tax system that allows wealthy people like Trump to take advantage of breaks and loopholes not available to regular households. In 2020, for example, Trump reported owning more than 150 private corporations that claimed losses, sometimes in the millions of dollars. Partly by claiming those losses, Trump reduced his own federal tax income liability to zero that year.Some of those losses were real as the coronavirus pandemic battered the economy.
That was in contrast to the prior two years, when Trump reported making about $US500,000 worth of donations. It’s unclear whether any of the figures include his pledge to donate his $US400,000 presidential salary back to the US government. He reported larger donations in 2016 and 2017, donating $US1.1 million in the year he won the presidency and $US1.8 million in his first year in office.Trump collected a $US77,808 annual pension from the Screen Actors Guild, as well as a $US6,543 pension in 2017 from another film and TV union, and reported acting residuals as high as $US14,141 in 2015, according to the tax returns.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump's tax returns made public after years-long legal battleSix years of the former president's tax returns are released by the House of Representatives committee days before Republicans take control of the chamber.
Read more »
New York’s first legal dispensary for recreational marijuana opens doorsMayor Eric Adams hails ‘major milestone’ as former Gap store in Lower Manhattan sells variety of cannabis-related products
Read more »
Queensland’s new criminal penalties for young offenders will ‘turbocharge injustice’, critics sayMeasures, including a maximum of 10 years for car theft, condemned by rights and legal reform advocates
Read more »
Anthony Albanese is ‘encouraging’ people to think with ‘their feelings’Sky News Contributor James Macpherson says Prime Minister Anthony Albanese is “encouraging” people to think with “their feelings” when voting for the Voice to Parliament. “The constitution is a legal document that outlines how the country is run, it’s not a hallmark greeting card to express sentiments,” Mr Macpherson told Sky News host Rita Panahi. “Rather than explaining the detail and treating people like adults, he’s just appealing to people’s emotions.”
Read more »
Democracy requires ‘equal treatment’ by government: The Voice to ParliamentThe Australian’s Legal Affairs Contributor Chris Merritt says “democracy is more than regular elections and government by the majority. It requires equal treatment by government of all citizens”. “The way the voice would work, Indigenous Australians would have two options if they want to influence public policy… they can lobby their politicians… but they could also use their representative on the voice to have a second channel which is not available to non-Indigenous Australians,” Mr Merritt told Sky News host James Morrow. “The logic for a voice by its proponents is that Indigenous people are the only group in society that has a special provision in the constitution.”
Read more »
Donald Trump's tax returns made public after years-long legal battleSix years of the former president's tax returns are released by the House of Representatives committee days before Republicans take control of the chamber.
Read more »