In 2020, Trump Reportedly Didn’t Pay Any Taxes and LOST $4.8 Million

As promised, the House Ways and Means Committee released Trump’s tax returns after years of waiting.

The returns confirmed the preview that was released earlier and what we suspected all along- that Trump had less than he said he did.

Out in the Open

Donald Trump.
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The committee put the decision to a vote. Twenty-four people voted to release the returns, and 16 voted against it. Before the documents were released, any personal information, such as Social Security numbers, was redacted before the documents were released.

The committee originally requested Trump’s tax returns as part of an ongoing investigation into the IRS and its auditing practices for presidents and vice presidents.

Fishing Expedition

Donald Trump.
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Trump was not pleased with the probe into his taxes and claimed that the committee was seeking the returns under false pretenses and accused them of using the probe to mask a politically motivated “fishing expedition.”

The Chairman of the committee, Richard Neal, claimed that the committee discovered that there had been no audit of Trump’s tax returns when he was President and that no audit began until the committee requested the returns.

The Audit Was Never Completed

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He also claimed that although the returns were requested in 2019, the audit was never completed.

“The tax forms were really never audited and only my sending a letter at one point prompted a rearview mirror response,” he said.

Evasion or Business Savvy

Donald Trump
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According to the preliminary findings published last week, Trump and his wife reported $31.7 million in losses and reported paying $641,931 in taxes in 2015. In the 2016 election year, Trump reported a $32.4 million loss and $750 in taxes.

In 2020, Trump reportedly didn’t pay any taxes and lost $4.8 million.

Representative Kevin Brady, a Republican from Texas, claims that it was a mistake to publicize Trump’s tax returns. “”Ways and Means Democrats are unleashing a dangerous new political weapon that reaches far beyond President Trump, and jeopardizes the privacy of every American,” he said.

Alleged Bribery Scheme Could Be The Nail In The Coffin For Trump

Donald Trump
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Is this the end for Former President Trump? Have we uncovered the final nail in the coffin?

Former President Donald Trump has not been having the best of luck lately. With his recent indictment, his legal troubles counting to mount.

Alleged Bribery Scheme Could Be the Nail in the Coffin for Trump

AOC Claps Back At Marjorie Taylor Greene On TWITTER, “In Case You Forgot, We Sit On The Same Committee”

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Alexandra Ocasio-Cortez,(D-NY), known as AOC, and Marjorie Taylor Greene (R-GA), known as MTG, sit on opposite sides of the aisle, and they are both known for being outspoken for their particular political parties.

AOC Claps Back at Marjorie Taylor Greene on TWITTER, “In Case You Forgot, We Sit on the Same Committee”

Trump Brags About Not Testifying In January 6th Investigation, “What Are The CONSEQUENCES?”

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Former President Trump took to Truth Social to brag about not having to testify in the January 6th investigation.

Trump Brags About Not Testifying in January 6th Investigation, “What Are the CONSEQUENCES?”

MAGA “Family-Values” Congresswoman Lauren Boebert Files For Divorce From Her Husband

Congresswoman Lauren Boebert speaks during CPAC Texas 2022 conference at Hilton Anatole in Dallas, TX on August 6, 2022.
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Lauren Boebert, one of the U.S. Representatives for Colorado, who has become notorious for her right-wing rhetoric and her MAGA allegiances, has filed for divorce from her husband. They have been married for almost two decades and have four children.

MAGA “Family-Values” Congresswoman Lauren Boebert Files for Divorce From Her Husband

4 of the Most Dangerous Cities Are in the United States

Scared screaming woman
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Rising crime rates and a lack of safety in the wealthiest country in the world have been hot topics across both sides of the political aisle recently.

4 of the Most Dangerous Cities In The World Are in the U.S.


Hi! I am a millennial mom with a passion for personal finance. I have always been “into” personal finance but got inspired to start my blog after a period of extended unemployment. That experience really changed the way I viewed my relationship with money and the importance of accessible personal finance education.