On Friday, the corrupt Democrats in the House destroyed President Trump’s right to privacy and released President Trump’s six years of the tax returns moments ago. Unfortunately, they failed again in their goal and only proved their contempt for the US Constitution.
The corrupt members of the US House led by crooked Nancy Pelosi, who released these taxes in a last-minute dig at President Trump, prepared a memo they also released.
Highlights of the report include:
- On their 2015 federal return, Trump and his wife declared negative income of $31.7 million, with taxable income of $0. The couple paid federal income taxes of $641,931.
- The 2016 return declared negative income of $31.2 million, with zero dollars of taxable income. The Trumps paid $750 in taxes.
- The 2017 return declared negative income $12.8 million, with $0 in taxable income. The couple paid $750 in taxes.
- The 2018 return declared total income of $24.4 million, with taxable income of $22.9 million. The Trumps paid $999,466 in federal income taxes.
- In 2019, the Trumps declared $4.44 million in total income, and $2.97 million in taxable income. They paid $133,445 in taxes.
- The 2020 return shows negative income of $4.69 million, with zero dollars in taxable income. The tax paid by the Trumps was $0 and they claimed a refund of $5.47 million.
After the release of Trump’s tax returns by the House on Friday, the president lashed out at Democrats and the Supreme Court, threatening catastrophic consequences for the country.
“The Democrats should have never done it, the Supreme Court should have never approved it, and it’s going to lead to horrible things for so many people. The great USA divide will now grow far worse,” President Trump said in a statement.
“The ‘Trump’ tax returns once again show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises,” Trump continued.
Trump also blasted and fact-checked Forbes’ fake story about his tax returns.
“Forbes: “Trump’s assets are worth an estimated $4.3 billion…The former president owns real stuff-mansions, golf courses, office buildings-that throw off real cash, even if his tax returns might suggest otherwise…The D.C. hotel opened in 2016 and, by 2018, Trump had already declared tax losses of $55.5 million there, according to the Times. Still, the property is worth something. One investor offered $175 million for it before the coronavirus decimated the hotel industry. The Trumps turned that offer down. Forbes now figures the hotel is worth closer to $168 million.” –Wrong, just sold the Hotel for almost $400 Million. Many of their other numbers are wrong too, but by even bigger proportions. But that’s O.K., being wrong doesn’t matter to the Fake News!” Trump concluded.