The tax returns of former President Donald Trump and his wife Melania show they reported negative income in four of the six years between 2015 and 2020, according to a report.
In three of those years, the Trumps reported income tax liability of $750 or less, the Wall Street Journal reported.
In the six-year period covered by the returns, the Trumps’ adjusted gross income totaled negative $53.2 million.
In 2020, as the coronavirus pandemic raged across the country, the Trumps reported a loss of $4.8 million and paid $0 in federal taxes.
The panel’s 29-page executive summary also shows that the IRS failed to conduct a mandatory audit of the Trumps’ tax returns during that period — a requirement dating back to 1977 following a controversy over former President Richard Nixon’s taxes.
“If this injustice can happen to President Trump, it can happen to all Americans without cause,” Steven Cheung told the newspaper, adding that the full release of the returns will reflect Trump’s success as a businessman.
nypost.com/2022/12/21/trumps-claimed-negative-income-in-four-of-six-years-between-2015-2020-report/