who are celebrating. amal evolve she. we begin this hour wit confirmation of one of the man major lies that the former president told the america people this time regarding his taxes. following a years-long legal and political saga be house weight and mean committee was finally able t secure donald trump s ta returns. they voted to release them t the american public this pas week despite his insistent ally s donald trump s tax returns wer not under audit when he ran fo president the first time the irs did not audit th personal tax returns of donald trump during his first two years in office. this is an important point it s interesting because besid being one of the forme presidents publicly stated reasons for not releasing hi tax returns. the irs has a program mandatin the quote mandatory review o the presidents individual ta returns. that protocol was followed for presidents barack obama and jo biden. dir us did finally follow it own rules of the forme presidents third year
trump s tax situation. including some of what he paid or rather didn t pay along with his history o devaluing his properties for taxation purposes while over valuing them for loans and insurance and essentially all of what we kno comes from the extraordinary pulitzer prize-winning 201 investigation from the new yor times david barstow suzann craig and russ buettner. from the monumental 2020 follow-up from rescue or suzanna craig and mike mcentire those reports are truly th definition of good journalism. with the 2018 investigatio revealing donald trump s ric history of dodging taxes along with the financial benefits of being born into hi father s real estate empire. and the 2020 report revealin how trump paid no income tax a all for ten years between 2005 and 2020 and the paltry sum of 750 buck in federal income tax in eac of his first two years i office which we now have confirmation of an which are also the same two years whic
who are celebrating. amal evolve she. we begin this hour wit confirmation of one of the man major lies that the former president told the america people this time regarding his taxes. following a years-long legal and political saga be house weight and mean committee was finally able t secure donald trump s ta returns. they voted to release them t the american public this pas week despite his insistent ally s donald trump s tax returns wer not under audit when he ran fo president the first time the irs did not audit th personal tax returns of donald trump during his first two years in office. this is an important point it s interesting because besid being one of the forme presidents publicly stated reasons for not releasing hi tax returns. the irs has a program mandatin the quote mandatory review o the presidents individual ta returns. that protocol was followed for presidents barack obama and jo biden. dir us did finally follow it own rules of the forme
presidents third year in office 2019 the only year - they started the audit in apri 2019 ironically on the same exact day that the ways and mean committee requested a copy out on trump s tax returns as for what we know from the committee s report in 2015, donald trump just ove $641,000 he. wasn t president yet 2016 and 17. just 1500 bucks total. 750 bucks each year. in 2018, nearly 1 millio dollars in federal taxes on more than $24 million i adjusted gross income. it was a miniscule percentage. in 2019, also good year fo trump. just over $133,000 in taxes. on four point $4 million i income 2020 was a bad year for donald trump in more ways than one. in addition to losing th election trump reported losing four point $8 million. he paid no taxes at all. this is your sign up with ou previous knowledge of donald
department then starts doing this audit that is required of presidents that is where we re seeing potentially wasn t handled not only - its really wasn t as robust as it should ve been. is there any implication of the delay in the what should b the mandatory audit. it s not too - dictated by legislation. it s an irs internal rule or something. is there any implication tha the delay or the mishandling o that was politicized because the commission of the irs wa the guy who had written an opinion informs about the fact that donald trump didn t hav to release this tax returns in that case law became the commission of the arrest i don t know whether there s a connection between those two things i don t know either we can only speculate. when you look at this an isolation. it s quite shocking. when you look at it in the totality of everything tha happened during the trum administration it s just another not shocking thing to me i just don t know. it was so chaotic. somebody could ve put