tax returns

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NYT: How Trump Made Millions by Being Our President

The New York Times takes another deep dive into Trump's finances

(Newser) - Donald Trump promised to "drain the swamp" when he ran in 2016—but Mar-a-Lago and other Trump properties have become their own swamp of lobbyists, business moguls, religious groups, and foreign politicians seeking his favor as they spend millions of dollars that he turns into profits, the New York ... More »

NYT Sees 'Highly Unusual' Trump Windfall in Tax Returns

$21M from his Vegas hotel came when his 2016 campaign needed it badly

(Newser) - The New York Times is out with an another story on President Trump's tax returns, and this time it's focusing on what is described as a "highly unusual" windfall of more than $21 million Trump received in 2016—just when his campaign needed it most. The money... More »

Biden Just Released His Latest Tax Returns

Campaign calls it a 'historic level of transparency'

(Newser) - Joe Biden has ensured that only one candidate in Tuesday night's debate is likely to face questions about not releasing tax returns. Biden released his 2019 tax returns Tuesday, hours ahead of the debate, showing that he paid just under $300,000 in federal tax for the year, the... More »

Trump Fires Back at Report on Finances

President says he paid 'many millions' in taxes but was entitled to credits

(Newser) - President Trump is doubling down on his initial dismissal of a damning New York Times story about his finances as "totally fake news." In a series of tweets Monday, Trump again pushed back, insisting he has paid "many millions of dollars in taxes." However, CNBC points... More »

Trump's Looming Debt Called a 'Time Bomb'

He appears to be personally on the hook for hundreds of millions in next few years

(Newser) - One big takeaway from the New York Times report on President Trump's finances is that he has paid very little federal income tax in recent years, reportedly because his businesses are doing so badly. But another aspect of it also is drawing attention: The president's looming debt. Coverage:... More »

Democrats Seize on a Theme Over Trump Tax Returns

He paid less in taxes than his blue-collar supporters, according to report

(Newser) - Democrats are moving quickly to try to take advantage of the bombshell report about President Trump's finances in the New York Times. The big takeaway is that while Trump as a billionaire might be expected to pay millions in taxes, he paid just $750 the year he became president... More »

Trump's Tax Returns Are Out —With All the Sobering Details

The president appears to be facing a mountain of debt and huge losses

(Newser) - The most sought-after documents in America have finally surfaced: President Trump's tax returns. And what they reveal is sobering. Trump, a self-described master of the deal, appears to be taking in hundreds of millions of dollars a year while suffering huge losses that he uses to pay little or... More »

Trump Loses Battle Over Tax Returns

But an appeal means they likely won't be released before the election

(Newser) - President Trump lost another legal battle in regard to his tax returns Thursday, but it remains unlikely they will be released before the November election, reports the Hill . In the latest setback for Trump, a federal judge in New York ruled that Manhattan District Attorney Cyrus Vance Jr. is entitled... More »

Trump Blasts Supreme Court After Rulings on His Records

Court says Manhattan prosecutor can pursue his tax returns, but Congress is rebuffed for now

(Newser) - The Supreme Court on Thursday gave President Trump some good news (at least temporarily) and some bad news in his fight to keep his financial records private. But the upshot of both rulings is that it's unlikely any of Trump's financial information will be made public before the... More »

Mnuchin Balked on Trump's Tax Returns. Watchdog: OK

Treasury sec's decision was based on DOJ advice, which acting Treasury IG didn't comment on

(Newser) - A watchdog has found that the Treasury Department appropriately handled Congress' request for President Trump's tax returns, which Treasury Secretary Steven Mnuchin has refused to provide. Rep. Richard Neal, the Massachusetts Democrat who chairs the House Ways and Means Committee, asked acting inspector general for the Treasury, Rich Delmar,... More »

Treasury Does 180 on Stimulus Funds for One Set of Americans

Social Security recipients won't have to file tax return to get money

(Newser) - One of the biggest challenges the Treasury Department has in getting Americans their checks from the $2.2 trillion coronavirus stimulus package is tracking down people who don't file tax returns. Now, at least one key group of nonfilers will see that process expedited. The official word, delivered from... More »

Elizabeth Warren Made $1.9M for Private Legal Work

She urges Buttigieg to release consulting client list

(Newser) - "Millionaire legal consultant" is not the image Sen. Elizabeth Warren is trying to project to voters, but figures released by her campaign Sunday show that she made close to $2 million from consulting and other private legal work during her career as a law professor. Her campaign released figures... More »

Appeals Court Rejects Trump Assertion of Immunity

But president's attorneys plan to appeal to Supreme Court in fight over tax returns

(Newser) - President Trump ran into another legal setback Monday in efforts to keep his tax returns out of the hands of criminal investigators in New York. A federal appeals court declared that Trump's accountant must turn over the returns to the office of Manhattan District Attorney Cyrus R. Vance Jr.... More »

Judge Delivers Blow to Trump on Tax Returns

Federal judge rejects president's legal challenge to Manhattan subpoena

(Newser) - President Trump just lost a key ruling in his bid to keep his tax returns from going public. A federal judge in New York on Monday declared that the Manhattan district attorney has the right to subpoena eight years of the president's personal and business returns, reports the New ... More »

There's Another Whistleblower

And this one has made an accusation about Trump's tax returns

(Newser) - Tired of reading about the President Trump whistleblower complaint? Well there's another complaint involving Trump that kind of flew under the media radar, Business Insider reports. Turns out a federal worker presented "an unsolicited communication" on July 29 summarizing allegations of "inappropriate efforts to influence" the compulsory... More »

Reactions to California's 'Unprecedented' Election Law

Its constitutionality is questionable, say some

(Newser) - If President Trump wants to be on California's presidential primary ballot come March, he'll have to hand over his last five years of tax returns by November. This after Gov. Gavin Newsom on Tuesday signed a new election law requiring that very thing of all candidates; the requirement... More »

Tax Returns Show Biden Is Now 'Rich Joe'

His income soared after he left office

(Newser) - "Middle-class Joe" became "Rich Joe" after his 44 years in government came to an end, according to tax returns released by Joe Biden's campaign. The returns reveal that Joe and Jill Biden made more than $15 million in the two years after he left office—$11 million... More »

Democrats Just Escalated Fight Over Trump Tax Returns

House panel sues to get 6 years' worth

(Newser) - The fight over President Trump's tax returns is now in federal court. The House Ways and Means Committee filed suit Tuesday to obtain the president's personal and business returns from 2013 to 2018, reports the Hill . The committee earlier this year issued a subpoena for the returns, but... More »

2 Big Decisions Don't Go Trump's Way

His tax returns, financial records may be closer to the light of day

(Newser) - New York lawmakers gave final passage to legislation Wednesday that would allow President Donald Trump's state tax returns to be released to congressional committees that have, so far, been barred from getting the president's federal filings, the AP reports. The Democrat-led Senate and Assembly both approved the measures... More »

Mnuchin, IRS Chief Hit With Subpoenas on Trump Tax Returns

They have a deadline of 5pm next Friday to deliver the goods to House Democrats

(Newser) - The Treasury Department and IRS have been put on alert, and they've got a deadline. Politico reports on the ongoing Democratic effort to obtain President Trump's tax returns, with the latest move involving subpoenas from Richard Neal, chair of the House Ways and Means Committee, to Treasury Secretary... More »

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