PanamaTimes

Saturday, Sep 07, 2024

Donald Trump warns of 'horrible things for so many people' after his tax returns are released

Donald Trump warns of 'horrible things for so many people' after his tax returns are released

The former president said Democrats "should never have done it," referring to the release which provides the most detailed picture to date of his finances over a six-year period.

In response to the release of thousands of pages of his tax returns, former US president Donald Trump warned "horrible things" were to come, taking aim at "radical left Democrats".

The former US president was unable to stop Democrats in Congress divulging the information, covering 2015 to 2020.

In a statement responding to the release, Mr Trump said: "The Democrats should have never done it, the Supreme Court should have never approved it, and it's going to lead to horrible things for so many people.

"The great USA divide will now grow far worse. The radical left Democrats have weaponised everything, but remember, that is a dangerous two-way street!

"The 'Trump' tax returns once again show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises."

The documents span more than 2,700 pages of individual returns from Mr Trump and his wife Melania, and more than 3,000 pages covering returns for his business entities.

There are some redactions in the release - chiefly bank account and social security numbers.

The data release follows a party-line vote on the House of Representatives' ways and means committee last week to make the returns public after the Supreme Court ruled he must hand the documents over.

His finances have been largely shrouded in mystery since he refused to release them ahead of, and during, his term of office.


House ways and means committee staff members transport documents related to Trump's tax returns earlier this month

Mr Trump, known for building skyscrapers and hosting reality TV show The Apprentice before winning the White House, only provided limited details about his holdings and income on mandatory disclosure forms.

It has not prevented his critics from trying to shed more light on his wealth and tax details since.

In 2020, the New York Times published stories that he paid $750 (£622) in federal income taxes in 2017 and 2018, as well as no income taxes at all in 10 of the past 15 years because he generally lost more money than he made.

Mr Trump plans to run for office again in 2024.

The Trump Organisation was convicted earlier this month on tax fraud charges for helping some executives dodge taxes on company-paid perks such as apartments and luxury cars.

Mr Trump's accountant, Donald Bender, testified at the trial that he reported losses on his tax returns every year for a decade from 2009.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
BRAZIL’S SUPREME COURT MINISTER ORDERS EXPLANATION ON X BLOCKING
Porn streamer OnlyFans paid owner $630mn in dividends
Donald Trump will not face sentencing over his 'hush money' conviction before the US presidential election on November 5, after a Manhattan judge granted his request to delay the proceeding
Return of Brazilian Artworks to Bahia
France Pilots Mobile Phone Ban in Schools
WHO-Led Study Finds No Link Between Mobile Phones and Brain Cancer
Kamala Harris is in Detroit and has a new accent again
EU Rejects Maduro’s Election Win Claim in Venezuela
Former Red Brigades Member Arrested in Argentina After 40 Years on Run
Elon Musk Accuses Brazilian Supreme Court Justice of Election Interference
Universe May Have Had a Pre-Big Bang 'Secret Life'
Ecuador's Narco Violence Threatens Scientists and Conservation Efforts
Brazilian Judge Alexandre de Moraes Blocks Elon Musk's X
Nаkеd American woman gropes security
Tsimane Tribe: Secrets to Health and Slow Ageing
OpenAI Blocks Iranian Group's ChatGPT Accounts for Election Interference
WHO Declares Mpox Global Health Emergency Again
Decline in World Records at Paris Olympics: An Analysis
EU Pressures Elon Musk Over Trump Interview
UN Reports Lowest Global Youth Unemployment Rate in 15 Years
Fatal Plane Crash Near Sao Paulo
Snoop Dogg: The Feel-Good Spirit of the Paris Olympics
McDonald's Worker Sets Restaurant On Fire Over Customer Frustration
Kamala Harris Confirmed as Democratic Candidate for US Presidential Election
Controversies at the Paris Olympics
Elon Musk Accepts Fight Challenge from Venezuelan President Nicolas Maduro
First Case of 'Virgin Birth' in Endangered Shark Species in Italy
G20 Fails to Reach Agreement on Global Billionaire Tax
Mexican Drug Lords El Mayo and El Chapo's Son Arrested in Texas
World's Hottest Day Recorded on July 21
Joe Biden Withdraws from 2024 US Presidential Race
A Week of Turmoil: Key Moments in US Politics
Global IT Outage Sparks Major Concerns
Global IT Outage Unveils Digital Vulnerabilities
Secret Service Criticized for Lack of Sniper Protection During Trump Shooting
Colombian Court Annuls Amazon Tribes’ Carbon Credit Deal
Sunita Williams Safe on ISS, to Address Earth on July 10
Biden Affirms Commitment To Presidential Race
Boeing Pleads Guilty Over 737 MAX Crashes
Beryl Storm Hits Texas, Killing 2 and Causing Major Power Outages
2024 Predicted to Be World's Hottest Year
Macron Faces New Political Challenges Despite Election Relief
Florida Man Arrested Over Attempt to Withdraw One Cent
Anger mounts at Biden’s top team after disastrous debate
Bolivian President Luis Arce Denies 'Self-Coup' Allegations
Steve Bannon Begins 4-Month Prison Sentence
Biden Warns of 'Dangerous Precedent' After Supreme Court Immunity Ruling in Trump Case
Elon Musk Accuses Kamala Harris of Misleading Post on Trump's Abortion Stance
Hunter Biden Sues Fox News Over 'Revenge Porn' Allegations
New York Times Editorial Board Urges Biden to Exit Presidential Race
×