Tag: tax

14 Mar 2017 – Trump paid $38 million in federal income taxes on reported income of $150 million, an effective tax rate of 25 percent

President Trump wrote off $100 million in business losses to reduce his federal taxes in 2005, according to forms made public on Tuesday night in a rare glimpse at documents that he has refused to disclose since becoming a candidate for the nation’s highest office. The forms showed that Mr. Trump paid $38 million in

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Tag: tax

27 Feb 2017 – 229 House Republicans vote to keep Trump’s tax returns secret

The measure was introduced by Rep. Bill Pascrell (D-NJ), a member of the House Ways and Means Committee. Under a 1924 law, the Ways and Means Committee is empowered to examine tax returns. The committee could then decide to release them to the full Congress, effectively making them public. … Pascrell first brought his request

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Tag: tax

25 Feb 2017 – Mexico threatens trade war over Trump wall tax

Mexico has threatened to retaliate if US President Donald Trump imposes a border tax to pay for his controversial wall. Mr Trump has used almost every post-election speech to reiterate his promise to build a barrierseparating his country from its southern neighbour. Proposals are to be sought next month for the wall’s design. An executive

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Tag: tax

20 Feb 2017 – Trump’s first month of travel expenses cost taxpayers just less than what Obama spent in a year

On Monday, President Trump will return to Washington, D.C. from his private Mar-a-Lago club in Florida, where he’s spent the last three weekends. The Washington Post reports that those three trips “probably cost the federal treasury about $10 million, based on figures used in an October government report analyzing White House travel, including money for

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