After a year of litigation, Trump's tax returns are finally released: where you can see them

On December 30, a Democratic-controlled committee of the US House of Representatives released the tax returns of the 45th President of the United States of America, Donald Trump, for six years. And this is just a few days before the Republicans take control of the lower house of the US Congress. Writes about it Yahoo!.

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Release of 2015-2020 Trump Edited Reports ends a years-long battle between the Republican president and Democratic lawmakers that was only settled in November 2022 by the U.S. Supreme Court.

Trump's tax data will now be available for in-depth investigations by journalists, independent tax experts, and others in the run-up to the 2024 presidential election and may shed light on Trump's fortunes, business performance, and how he has reduced his tax liability.

Records show that Trump's income and tax liability fluctuated wildly from 2015 to 2020, during his first presidential run and subsequent term. They show that Trump and his wife, Melania Trump, have claimed large deductions and losses, and paid little or no income tax for several of those years.

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Democrats have previously said the audit showed little IRS oversight of Trump's tax returns.

"Our conclusions were simple - the IRS did not begin its mandatory review of the president until I made the request," said Richard Neal, chairman of the House Affairs and Resources Committee.

Neil first requested returns in 2019, arguing that Congress needs them to determine whether the presidential tax return law is warranted.

It was the latest blow for Trump, 76, who was twice impeached by the Democratic-led House of Representatives but acquitted both times by the US Senate. And now he faces multiple legal challenges as he plans to run for president in 2024.

Earlier this month, the House committee investigating the attack by Trump supporters on the US Capitol on January 6, 2021, turned to federal prosecutors. The committee asked that Trump be charged with four crimes, including obstructing power and encouraging rebellion, and punished for his role in the bloody riots.
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Trump's response

Trump downplayed the importance of making his earnings public in a video released Dec. 30, accompanied by a request for donations to his campaign.

“While these tax returns contain relatively little information, and not information that almost anyone could understand, they are extremely complex. The behavior of radical Democrats is a disgrace to the US Congress,” said the 45th President.

Aside from the reports themselves, the release didn't contain much new information other than the committee's findings, which said the IRS violated its own rules by failing to review Trump for three of his four years as president.

Kevin Brady, the top Republican in the House of Representatives, warned that future committee chairs would have "nearly unlimited" powers to release the tax returns of "private citizens, political enemies, business and union leaders, or even Supreme Court justices themselves."

“In the long run, Democrats will regret this,” Brady said.

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Trump, who took office in 2017, became the first presidential candidate in decades not to release his tax returns. He sued the committee to try to keep them confidential, but the U.S. Supreme Court ruled in favor of the committee. Details previously released by the commission showed that Trump paid no income tax in 2020, his last full year in office, despite millions of dollars in income from his vast business empire.

Democrats have had a tight timeline to find a way to deal with the reports once they're received, given that Republicans will take control of the House of Representatives on January 3, 2023, after winning a narrow majority in the midterm elections in November.

The Democratic-controlled House of Representatives passed a bill ahead of winter recess that would require the Internal Revenue Service to audit presidents' tax returns within 90 days of their inauguration.

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