trump tax

Donald Trump may owe $100 million from double-dip tax breaks, audit shows

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Donald Trump may owe $100 million from double-dip tax breaks, audit shows

Former President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along … Read more

Trump paid no tax in 2020, reported losses in business

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Trump paid no tax in 2020, reported losses in business

Donald Trump paid no income tax during the final full year of his presidency as he reported a loss from his sprawling business interests, according to tax figures released by a congressional panel. The records, released late on Tuesday by the Democratic-led House of Representatives Ways and Means Committee after a years-long fight, show that … Read more