Following a fierce battle, Donald Trump\u0027s tax returns are public shedding light on how he managed to pay zero taxes one year. Read on.
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Tax returns are intended to report income — not total wealth — so the documents don’t reveal Trump’s net worth. Even business returns only report the purchase price for an asset, such as a building, not the valuation.Article content Trump and his businesses lost tens of millions of dollars from 2015 to 2020 and he was able to use those losses, along with claiming large tax breaks, to minimize his tax bill. That’s legal as long as he didn’t under-report earnings or inflate the size of the deductions, which can only be determined from a comprehensive audit.Article content
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