Trump paid no federal income taxes in 2020, records show

Former President Donald Trump.
(Image credit: Phelan M. Ebenhack for The Washington Post via Getty Images)

After a yearslong legal fight, the House Ways and Means Committee on Tuesday released a report on the tax returns of former President Donald Trump, which showed that the former president paid $1.1 million in federal income taxes during his first three years in office — but none in 2020.

The released records documented Trump's finances from 2015 through his time in the White House. An analysis of the Ways and Means Committee's report by The New York Times showed that he began his presidency "suffering the sort of large business losses that had defined much of his career and paid almost nothing in income tax."

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Justin Klawans, The Week US

 Justin Klawans has worked as a staff writer at The Week since 2022. He began his career covering local news before joining Newsweek as a breaking news reporter, where he wrote about politics, national and global affairs, business, crime, sports, film, television and other Hollywood news. Justin has also freelanced for outlets including Collider and United Press International.