Trump tax returns prove his lies: His STAR property breaks were correct as he had negative income

Today starts tax season for people to file their 2022 personal income tax returns with the Internal Revenue Service. Because of a holiday, the Tax Day deadline is April 18 and we fully expect presidential candidate Donald Trump will request an extension and have until Oct. 16.

For years, this page has sought to expose and explain Trump’s taxes, documents that he — uniquely among all presidents and wannabes for the last half century — has kept hidden from public view.

However, in one of the final acts of the 117th Congress, the majority Democrats on the House and Ways Committee under Chair Richie Neal published six years of Trump’s personal and business returns on Dec. 30.

The records, now available on the internet, show that Trump is a proven liar.

Our quest into Trump’s taxes began in June 2016, when the New York City Department of Finance gave him a property tax exemption of $304 on his Trump Tower condo. His so-called STAR tax break was $302 in 2014 and 2015. Under state law, this exemption was only for people with a federal adjusted gross income under $500,000, based on the individual’s tax return from two years earlier.

Therefore, our logical conclusion was that “super rich man” Trump had an adjusted gross income under a half million dollars. He and his aides huffed and puffed and said that the state or city had made a mistake. And he made a show of rejecting future STAR breaks and refunding a few hundred bucks.

As we surmised in 2016, there was no error by New York tax officials. His published 1040s show negative federal adjusted gross incomes in 2015 (-$31.8 million), 2016 (-$32.2 million), 2017 (-$12.8 million) and 2020 (-$4.8 million). It was only positive in 2018 ($24.3 million) and 2019 ($4.4 million). Furthermore, 1995 Trump tax documents anonymously mailed to the Daily News and the New York Times in September 2016 show huge losses, foreshadowing years of negative income.

The property tax break was correct. Trump lied, like always.