What do we know about Trump's tax returns?published at 15:24 Greenwich Mean Time 1 November 2022
The saga of former US president Donald Trump's tax returns has been going on since before he was first elected in 2016. With the legal battle to obtain his financial records hotting up, what do we know about them?
In the build-up to his victory, Trump broke a longstanding convention for US presidential candidates to publish them in full, so the voting public have a chance to scrutinise the finances of their would-be leaders.
But since then, leaks to US media have given a sense of what might be revealed if those documents are made public.
In 2020, the New York Times obtained decades of Trump's tax information (although he has denied their accuracy), revealing what the paper called "chronic losses and years of tax avoidance".
Other key revelations about his finances include:
- The president paid just $750 (£654) in federal income tax in both 2016 and 2017
- He paid no such taxes in 11 of 18 years of tax records examined by the newspaper
- Trump managed to lower his taxes through reporting hefty losses on his businesses
- Among his expenses he claimed tax deductions on include $70,000 of hair styling for television