| The records reveal information that was not previously known, including loans he gave to his kids, earnings from book royalties and Melania's modeling work, and the percentage of his presidential salary that was donated to charitable causes. |
Washington, DC, Dec.30 (DP.net).– Six years' worth of former president Donald Trump and his wife Melania's combined tax returns were disclosed last Friday by the Democrat-controlled House Ways and Means Committee.
Trump fought for years to prevent his returns from being released to the public, but the Supreme Court in November declined to block the release to the Democratic-led committee.
The House committee examined six years of Trump’s personal returns, as well as those of eight of his businesses. While the committee earlier published a report and some documents that revealed details about the Trumps’ income and taxes paid, the panel on Dec. 30 made the full set of tax documents public. However, according to the law and to IRS regulations they may be released by court order to investigators but not to the public at large.
In order to address the current violation of these privacy laws and regulations, the House approved a measure that would codify the mandatory presidential audit policy into law with stricter requirements, such as "disclosure of certain audit information and related returns in a timely manner," and a requirement that the IRS issue an initial report within 90 days following the submission of a president's tax returns.
- Hits: 2491
