Trump’s federal income tax payments dropped to absolute zilch in his final year as president, according to a report from the House Joint Committee on Taxation released Tuesday evening.
In 2018 and 2019, the former president paid $1.1 million in federal income tax, but that dropped to $0 in 2020, according to the report released after the committee finally obtained six years worth of tax returns.
Trump allegedly finagled his way out of his tax bracket by claiming massive annual losses on properties, as high as $32 million in both 2015 and 2016, effectively zeroing out his tax liabilities despite reporting millions in taxable income.
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