The US Congress released Trump’s tax returns: many years of taxation less than a thousand dollars

On Friday (December 30), local time, the Ways and Means Committee of the US House of Representatives released six years of tax returns of former President Donald Trump. The 39-page summary released by the US Joint Committee on Taxation (JCT) shows that overall, the Trumps’ adjusted total income over the six years was negative $53.2 million, and they paid a total of $1.8 million in federal income taxes. But broken down by year, Trump reported negative income in 2015, 2016, 2017 and 2020. As a result, he paid only $750 each in federal income taxes in 2016 and 2017, and zero in 2020. | Related reading (Financial Association)

Doraemon

The Democratic Party of the United States has always wanted to seize Trump’s handle, it is best to put him in prison, but Trump has not been confirmed to have committed any specific crimes.

The Republican Party also criticized the Democrats for this approach, arguing that releasing the details of Trump’s tax returns would set a “dangerous precedent.” “The Democrats have made an unprecedented decision to unleash a new and dangerous political weapon that overturns the privacy protections that have been in place for ordinary Americans since Watergate,” said Rep. Kevin Brady, Republican of Texas.

However, this kind of debate is also a reflection of the openness and transparency of American society. If China can disclose the income of civil servants, it will be regarded as a great progress for society.

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