The House Ways and Means Committee on Friday released redacted versions of six years worth of former President Donald Trump’s federal tax returns, ending Trump’s years-long effort to keep his returns from the public.
The Democratic-led committee voted last week to make Trump’s tax returns public, then released two reports, one from its members and another from the Joint Committee on Taxation, noting that the IRS did not audit Trump the first two years he was in office. The move to publicize the returns comes days before Republicans take control of Congress in January.
The publicized returns offer a more detailed account of the former president’s financial portrait in the years he was running for and in office.
The report from the Joint Committee on Taxation, or JCT, said Trump paid no federal income tax in 2020, the final year of his presidency. The former president paid a net of only $750 in income taxes in 2017. He paid $1.1 million in net federal income taxes combined in 2018 and 2019.
