As a presidential candidate in 2016, Trump broke decades of precedent by refusing to release his tax forms to the public
Donald Trump announces he is running for president for the third time at Mar-a-Lago in Palm Beach, Florida, on 15 November.Donald Trump announces he is running for president for the third time at Mar-a-Lago in Palm Beach, Florida, on 15 November.A powerful congressional committee on Tuesday voted to publicly release Donald Trump’s tax returns in a move that is sure to ignite a political row as well as anger among some privacy experts in America.
. He bragged during a presidential debate that year that he was “smart” because he paid no federal taxes and later claimed he wouldn’t personally benefit from the 2017 tax cuts he signed into law that favored people with extreme wealth, asking Americans to simply take him at his word. The Pulitzer Prize-winning 2018 articles showed how Trump received a modern equivalent of at least $413m from his father’s real estate holdings, with much of that money coming from what the Times called “tax dodges” in the 1990s.
Details about Trump’s income from foreign operations and debt levels were also contained in the tax filings, which the former president derided as “fake news”. The DA’s office issued the subpoena after Trump’s former personal lawyer Michael Cohen told Congress that Trump had misled tax officials, insurers and business associates about the value of his assets. Those allegations are the subject of a fraud lawsuit that New York attorney general Letitia James filed against Trump and his company in September.
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