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Posts tagged as “Joint Committee on Taxation”

“Uncovering Donald Trump’s Federal Tax Returns: An Analysis of His Income Tax Liability and Net Operating Losses”

Donald Trump's federal tax returns from the past six years have been released, showing he paid very little in federal income taxes due to claiming huge losses that helped limit his tax bill. The documents, published by the House Ways and Means Committee, revealed Trump reported millions in negative income and paid only $750 in federal income taxes in 2016 and 2017. Trump had claimed huge net operating losses which greatly reduced or wiped out his annual income tax liability.