In September 2020, the New York Times obtained and reported on years of Trump’s tax returns. They found that Trump paid $750 in income taxes for 2015 and 2016, and paid no taxes in 11 of 18 years examined due to large reported losses. Such tax write offs included $70,000 for hair styling during his time hosting The Apprentice, and $750,000 in consultant fees to his daughter Ivanka, despite her being a member of his company. The returns have been characterized as aggressive, but legal.

The New York Times also reported that Trump has $421 million in loans, with most coming due within the next four years.

Trump has given many excuses over the years as to why he wouldn’t release his tax returns, breaking with tradition.

Trump also remarked in a 2016 presidential debate that not paying taxes made him “smart,”and later sued to prevent his returns from being obtained.

The New York Times – Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance
BBC News – Trump’s taxes: What you need to know
USA Today – Trump’s tax returns: 5 key takeaways from experts