Watch CBS News President Trump's recent financial disclosure finally put a dollar amount on the web of crypto ventures he's continued to pursue since returning to office. But the revelation he made $1.4 billion off the fledgling industry has rekindled another mystery about his finances: how much is he paying in taxes? The president's crypto windfall appears to be taxable. One accountant who specializes in cryptocurrency income said it was reasonable to believe Mr. Trump would have to pay at least $250 million on this income. Still, multiple tax experts told CBS News that Mr. Trump's actual bill may be far lower, but it would be hard to know because of the lack of transparency around the corporate entities holding the income. Unlike several past presidents, Mr. Trump does not make his tax returns public. "What we know is that he did very well for himself, but we don't know how the beneficial ownership is structured," said Omri Marian, a law professor who specializes in cryptocurrency taxation. "This is like looking at a black box and I can't see inside." The White House declined to respond to questions about any taxes Mr. Trump paid on the crypto income, whether it was taxed on an individual or business basis and whether any operating losses were applied to his crypto-related tax bill.If the entire $1.4 billion…
Published: July 2, 2026 5:10 pm
Source: CBS News — Read original