| | | Why Trump didn’t want you to see his tax returns
For each of the six years from 2015 through 2020, one of Trump’s main business entities, DJT Holdings, lost millions of dollars. The smallest loss was $34 million in 2015. The largest was $64 million in 2016. Combined, those losses total $314 million from 2015 through 2020.
When Trump ran for president in 2016, he said he’d release his tax returns once the IRS finished auditing them. Of course Trump never released any tax returns,
Trump’s Democratic opponent, Hillary Clinton, released her 2015 tax return on August 12, 2016. It showed that she and her husband Bill Clinton had an adjusted gross income of $10.6 million, and paid $3.6 million in federal income tax, for an effective tax rate of 34%. While the return showed that the Clintons are wealthy, they claimed no arcane tax breaks except for a tiny $3,000 capital loss. Trump was the candidate going after meat-and-potatoes heartland voters in 2016, yet Clinton’s taxes were far more relatable. |
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