Donald Trump’s Tax Returns: What They Show

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In this clip from The Bald Brad Show, President Donald Trump's tax returns are finally released. House Ways and Means Chair Richard Neal and ranking member Kevin Brady greet each other as they arrive for a committee meeting on Capitol Hill. | Francis Chung/POLITICO

Former President Donald Trump repeatedly paid little or nothing in federal income taxes between 2015 and 2020 despite reporting millions in earnings.

Documents released Tuesday night by House Democrats said Trump frequently made tens of millions of dollars annually during that period. But he was able to whittle away his tax bill by claiming steep business losses that offset that income.

In 2016, he paid $750. The following year he again paid just $750. In 2020, he paid nothing.

And though the IRS has a longstanding policy of automatically auditing every president, Democrats say the agency did not begin vetting Trump’s filings until they began asking about them in 2019.

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