OUR Donald Trump he paid no income tax during his last year in office USAas he reported losses from his business, according to tax data released by a congressional committee.

Tax returns released late Tuesday by the Democratic-controlled House Media and Resources Committee show Trump’s income and taxes owed fluctuated wildly during his four-year tenure in the White House.

These statements cast a shadow on the image of a successful businessman that Trump has long cultivated, while he has already announced that he will run again for the presidency.

According to the documents, Trump and his wife, Melania, paid some taxes in those four years, but were able to minimize their income tax for years after Trump’s business income was offset by tax breaks and losses. The commission questioned the legality of some of these tax credits, such as $916 million. Members said on Tuesday that tax returns do not contain many details. The Commission is expected to release censored versions of these documents within the next few days.

Trump refused to release his tax returns both times he ran for President of the United States, breaking a longstanding tradition of all US presidential candidates.

The commission received the documents on Tuesday after a lengthy legal battle and voted to release them.

Trump’s spokesman said the post was politically motivated. “If this injustice can happen to President Trump, it can happen to all Americans for no reason,” Trump Organization spokesman Steven Cheng said.

Democrats on the committee argue that the IRS failed to properly review Trump’s complex tax returns to make sure they were accurate. Although the Internal Revenue Service (IRS) is required to review the president’s tax returns every year, it didn’t do so until Democrats insisted in 2019. The IRS appointed one officer to conduct a financial audit and did not investigate some of Trump’s claimed tax breaks, according to the commission.

Before he was elected president, Trump had been reporting big losses from his business for years, according to U.S. media sources and statements by witnesses at the trial about his finances. During his tenure, he and his wife paid a total of $3 million in taxes.

In 2017, Trump and the former first lady posted losses of $12.9 million, bringing their net income to $750 this year. Their adjusted gross income in 2018 was $24.3 million and they paid 1 million in taxes, while in 2019 they reported income of $4.4 million and paid 134,000 in taxes.

In 2020, they declared a loss of 4.8 million and did not pay income tax.

Source: APE/MEB