Donald TrumpImage source, Getty Images

Donald Trump's tax returns have been released, ending a six-year battle to get more insight into his finances.

The returns cover Mr Trump's time in the White House as well as his time as a candidate.

The details of various entities through which he would have paid tax are given.

The documents are being reviewed by the British Broadcasting Corporation.

The disclosure of Mr Trump's tax returns will cause the US political divide to become worse, his camp warned.

He said that the Democrats should have never done it, the Supreme Court should have never approved it, and that it will lead to horrible things for many people.

Critics have been trying to get Mr Trump to show what his wealth looked like since he entered politics.

He had been steadfast in his refusal.

The Democrats who oversaw the release argued that it was necessary oversight.

No president since Nixon has abused the power of his office to block basic transparency on his finances and conflicts of interest.

The committee found that the IRS failed to audit Mr Trump during his first two years in office, and only began doing so after congressional oversight proceedings began in 2019.

It took a lot of work to get the information public.

Presidential candidates and officeholders have released their tax returns to the public in order to be transparent and accountable.

Steve Rosenthal is a senior fellow at the Tax Policy Center.

Mr Rosenthal said that Mr Trump "crashed all the norm" when he refused to release his tax returns.

Critics wondered if Mr Trump was not as rich as he said, or if he had paid less tax than he should.

His supporters agreed with his privacy rights. There is no requirement for a candidate to release their taxes.

Over the course of his presidency, the public has begun to learn more about Mr Trump's tax history.

The New York Times published an investigation in 2020 that obtained two decades of Mr Trump's tax returns from before he became president. The documents gave an in-depth look at Mr Trump's businesses.

They showed that Mr Trump paid little to no federal income taxes over that period, and that his businesses lost a lot of money. The Times reported that Trump paid just $750 in federal income taxes.

The New York Times report raises questions about whether he's a billionaire or if he uses a trick to avoid paying taxes.

Trump towerImage source, Reuters

Democrats in Washington began using their power to conduct oversight of Mr Trump once they gained control of the House of Representatives.

The Ways and Means Committee spent three years trying to get Mr Trump's taxes.

The vote to release the tax returns was split along party lines.

The release of the tax documents on Friday could be a sign that the pursuit of looking into Mr Trump's finances is over.

The US Senate is controlled by Democrats.

  • Tax
  • Donald Trump
  • US politics
  • United States