Donald Trump Tax returns reveal a major event

By Utkarsh Pulkit

Donald Trump Tax returns revelations have came at a time when there is major tussle going on between Republicans and Democrats. 

Donald Trump, the 45th president of the United States, has a history of refusing to release his tax returns, breaking with a tradition followed by presidents and presidential candidates for decades. Trump has cited ongoing audits as the reason for not releasing his tax returns, but he has provided no evidence to support this claim.

Trump's tax returns have been the subject of much speculation and controversy. In September 2020, The New York Times published an investigation into Trump's tax returns, which revealed that Trump had paid no federal income taxes in 10 of the previous 15 years. The report also showed that Trump had received hundreds of millions of dollars in loans that he later forgiven, and that he had engaged in questionable tax schemes, including taking large deductions for consulting fees that appeared to be paid to his daughter Ivanka Trump.

Newly released tax returns of former US President Donald Trump shed light on his business losses, tax set-ups and payments during his White House years. The documents showed that Donald Trump paid no federal taxes in 2020 and only $750 (£622) in 2016 and 2017.

The tax returns were released after a long legal battle while Donald Trump criticised the disclosure, warning that it will deepen the political divide in the United States. 

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