After years of wondering whether we’d ever get to see Donald Trump’s taxes, the House Ways and Means Committee has released six years of the former president’s tax returns. The documents have revealed that Trump claimed losses of nearly $100 million between 2015 to 2020. Despite this, Trump was able to maintain a lavish lifestyle, leading many to question how he was able to afford it. One possibility is that Trump was “asset rich,” meaning that he had a lot of valuable assets that could be used as collateral for loans. By claiming to lenders that these assets were appreciating in value, Trump may have been able to secure larger loans. At the same time, he likely told the IRS that these assets were depreciating, leading to negative income on his tax returns. This strategy would allow Trump to live off the loans while appearing to have negative income on his tax returns. If this is the case, it raises questions about the legality of Trump's financial activities and whether he has been accurately reporting his income to the IRS.

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