Donald Trump’s tax returns reported no contributions to charity in 2020 and nearly $1.9 million in 2017
A yearslong legal battle for President Trump’s tax returns has finally ended. And it’s yielded 6 years of his detailed returns. WSJ explains what we learned about Trump’s income and how the returns were made public.
Mr. Trump criticized the release of his tax returns, saying in a statement on Friday: “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.” Unlike many politicians who release their tax returns, the Trumps didn’t list the recipients of their cash donations, and listing recipients isn’t required.
However, the returns show that some of the cash donations flowed through to the Trumps’ individual returns from business entities such as DJT Holdings, the Mar-a-Lago Club or the Trump Corp.Catch up on the headlines, understand the news and make better decisions, free in your inbox every day.Some of the donations were very small, well under $100. In 2015, the Trumps reported a $3 donation by the Mar-a-Lago Club, and in 2016 they reported an $8 donation by TNGC Pine Hill.
In its summary review of the Trumps’ returns, the staff of Congress’ nonpartisan Joint Committee on Taxation suggested the Internal Revenue Service check the Trumps’ donations to see if they had proper substantiation. TheThe joint committee’s report, released earlier this week, said questions aboutinvolving Mr. Trump’s Seven Springs estate in Westchester County, N.Y., still weren’t resolved, and that the IRS had debated whether to pursue a penalty against Mr.
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