The report of the tax paid by former US President Donald Trump while he was President has been made public. Reports surfaced that they were in a huge deficit when Trump took over the presidency, but things turned around in 2018. In 2018, he earned $24.4 million (about Rs 200 crore) and paid a tax of 1 million. In 2020, the whole world was battling the Corona epidemic, during which Trump's earnings were affected again. Trump lost $4.8 million and reported zero taxes.
Trump refused to release tax details in 2016
The Democratic-led House Ways and Means Committee voted 24-16 to publish the documents, with all Republicans opposing the decision. The report does not contain the original data on tax returns, which may be released soon. . Significantly, in 2016, Trump had said that he would not release tax details, but now his tax reports are being made public.
Trump's company guilty of business fraud: evasion of tax on luxury apartments and vehicles, the court fined Rs 13,000 crore
The Trump Organization, his family real estate company that earned Donald Trump billions, has been found guilty of several crimes, including tax fraud. In a trial that lasted nearly a month, the jury found Trump's company guilty on 17 counts. The Manhattan court found several charges against The Trump Organization, including tax evasion, to be true. The court said in its judgment that the company has helped many officials to evade tax on luxury apartments, Mercedes Benz, and extra cash for Christmas. The jury also found Trump's company guilty of business fraud. For which a penalty of Rs 13 thousand crores has been imposed on him.
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