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Trump news today: Trump tax returns reveal web of losses, write-offs, ‘disguised gifts’ and little charity

What we know about Donald Trump’s tax returns

Donald Trump’s tax returns have been released, putting the former president’s finances and business practices in the spotlight.

At nearly 6,000 pages, the partially redacted tax returns from 2015 to 2020 represent a legitimate but creative accounting strategy to keep federal tax contributions as low as possible. Preliminary research seems to indicate that

An accompanying report by the commission found a pattern of questionable claims related to professional expenses, charitable deductions, what appeared to be “disguised gifts” to his adult children, and manipulative use of New York real estate depreciation. It points out what is considered to be

Trump was also revealed to have foreign bank accounts in China, the UK, Ireland and St. Martin, and paid more taxes abroad than in the US during his first year in office.

The former president reacted angrily to the returns announcement, warning that such a precedent would lead to “horrible things for so many people” and cause the US division to be “much worse.”

Follow the rolling coverage of what we know so far

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ICYMI: Trump’s tax returns released after years of legal battle

A Democratic-dominated House committee has released President Donald Trump’s six-year tax returns in an unusual move, days before Republicans took control of the House.

The House Ways and Means Committee has released redacted versions of Trump’s business and personal tax returns from 2015, when he announced his candidacy in 2016, to the end of his term in 2020. .

Andrew Feinberg reports from Washington, DC.

Oliver O’connellDec 31, 2022 06:30

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Kayleigh McEnany is ‘a liar and an opportunist,’ says Alyssa Farrar

A large number of depositions, including statements from Ms Farrah Griffin, have been made available by the House Select Committee investigating the Capitol riot.

Greig Graziosi has a story.

Oliver O’connellDec 31, 2022 04:30

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Ginny Thomas admits she didn’t know evidence of voter fraud

In an interview with the House committee investigating the attacks on the Capitol, Mr. Thomas said he “didn’t know too much” about certain voter fraud allegations at the time of the lobbying. But instead, “what I believed was based on people I trusted and news I trusted.”

Richard Hall reports on her testimony.

Oliver O’connellDec 31, 2022 03:30

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Trump aide reveals how long it took looters to call in to be shot

A White House aide urged then-President Donald Trump to retract an infamous tweet calling for him to shoot looters during a racial justice protest, according to a transcript of a dramatic Jan. 6 interview. It took me five hours to persuade him.

Rachel Sharp has a story.

Oliver O’connellDec 31, 2022 02:30

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Trump made millions from his father’s estate, but his own fortune fell through

Donald Trump’s business empire relies heavily on public image and the whims of society, and the costs of bucking these trends were evident in the second year of his presidency, says John Boden. is writing

Oliver O’connellDec 31, 2022 01:30

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Ginny Thomas says she regrets post-election text to Meadows

Virginia Thomas, wife of U.S. Supreme Court Justice Clarence Thomas, said she regretted texting then-White House Chief of Staff Mark Meadows after the 2020 election, House Jan. 6. He told the committee of the day: I was able to do it today.

Oliver O’connellDec 31, 2022 01:00

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Trump had foreign bank accounts in China, UK and Ireland during his tenure

Donald Trump had foreign bank accounts in China, the UK, Ireland and St. Martin during his presidency and paid more foreign taxes than the US in his first year in the White House, according to his declaration. shown in the book.

In 2017, Trump’s foreign economic interests were clearly still very strong. He paid over $1 million of his taxes to other countries that year. But at the same time, his domestic efforts to protect himself from taxes were also in full swing, and he was paying less than $1,000 a year in federal income taxes.

John Boden has the details.

Oliver O’connellDec 31, 2022 00:30

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Meadows will not face voter fraud charges in North Carolina

President Donald Trump’s former White House Chief of Staff Mark Meadows will not face voter fraud charges related to his 2020 registration and absentee ballot in North Carolina, the state’s attorney general said Friday. announced.

Meadows, a former congressman from West North Carolina who worked for Trump during his final months in the Oval Office, is candid about the former president’s unsubstantiated allegations that the 2020 presidential election was stolen from him. Meadows caught the attention of government lawyers when details surfaced that he had simultaneously registered to vote in North Carolina and two other states.

Oliver O’connellDecember 31, 2022 00:00

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Trump responds to release of tax returns

Oliver O’connellDecember 30, 2022 23:30

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Despite warnings, Kushner, Melania and other Trump insiders claimed Jan. 6 violence was a ‘shock’

Trump administration officials said they were surprised that protests at the Capitol on Jan. 6, 2021, turned violent, despite advance warning of such a possibility by law enforcement agencies. claim.

The allegations were newly released transcripts of interviews conducted by a House committee investigating attacks with then-President Donald Trump’s many top advisers.

Richard Hall has a story.

Oliver O’connellDecember 30, 2022 22:50