Trump's tax returns shed new light on former president's finances | CNN Politics

Contributing sentiments towards policy:

52% : Included with the committee’s report was an analysis of the numbers from each of the six Trump tax returns by the nonpartisan Joint Committee on Taxation.
48% : Deductions can reduce the amount of income tax owed.
45% : CNN  —  Six years of Donald Trump’s federal tax returns released on Friday show the former president paid very little in federal income taxes the first and last year of his presidency, claiming huge losses that helped limit his tax bill, among other revelations.
41% : Although the newly released tax returns will not indicate Trump’s net worth or the full extent of his financial dealings, they can offer a window into his businesses’ profits and losses, whether and where he has foreign bank accounts or whether he has paid tax to foreign governments.
38% : The report also showed Trump paid a combined $1.1 million in federal income taxes in 2018 and 2019, a stark contrast to the $750 he paid in 2017 and $0 in 2020.
31% : The JCT, which made no claims that Trump should have paid more or less in taxes in the years it reviewed, argued that an auditor should investigate the loan agreements Trump made with his children, including the interest rates.
29% : They confirm a report issued from the Joint Committee on Taxation that Trump claimed large losses before and throughout his presidency that he carried forward to reduce or practically eliminate his tax burden.
27% : The Joint Committee on Taxation flagged that Trump claimed a large number of questionable items on his tax returns, including eyebrow-raising amounts of interest he claims to have received from loans to his children that the bipartisan committee said could indicate Trump was disguising gifts.

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