Charlie Savage’s avatarCharlie Savage’s Twitter Archive—№ 15,592

    1. Good morning. ICYMI, House Dems released Trump's tax returns & revealed that the IRS had failed to audit Trump his 1st 2 years in office - despite a rule requiring it to audit presidents - & only started 1 when they asked for his tax/audit data in 2019. /1 nytimes.com/live/2022/12/20/us/trump-taxes-news#trump-tax-returns-irs-audit
  1. …in reply to @charlie_savage
    I wrote the above re the vote & dysfunctional audit program w/ @ESCochrane, @arappeport & @stephaniealai. Overnight, my colleagues @mmcintire @russbuettner & @susannecraig took this first cut at assessing what we learned about Trump's finances. /2 nytimes.com/2022/12/21/us/politics/trump-taxes-income.html
    1. …in reply to @charlie_savage
      By citing heavy losses, Trump paid basically no income taxes for tax years 2017 and 2020. He paid about $1M for 2018 and 2019 bc he sold some stuff & had capital gains taxes. He's got stable interest income, apparently from a stake in a partnership that he doesn't manage. /3
      1. …in reply to @charlie_savage
        He deducted what he reported as large charitable contributions in cash while in the WH and the committee said the IRS should see whether those claims were substantiated. /4
        1. …in reply to @charlie_savage
          The NYT in 2020 uncovered that since 2014 Trump has written off $2.2M in property taxes for a Westchester County estate as a biz expense — even though the law caps individuals t writing off $10K of such taxes a year. The IRS is now looking at that, the committee revealed. /5