Trump’s big beautiful income tax dodge

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Trump’s big beautiful income tax dodge

The president's settlement with the Justice Department means he could never face IRS audits again

Published May 25, 2026 9:30AM (EDT)

During the 2016 presidential debates between Hillary Clinton and Donald Trump, the former secretary of state claimed that Trump, despite his alleged fortune, had reportedly not paid any income tax. In response, Trump smugly quipped, “That makes me smart.” Enough people apparently agreed that vastly wealthy people are entitled to keep every last penny for themselves — rather than pay their fair share into the system that made their........

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