President Donald Trump's disclosure that he earned about $1.4 billion from cryptocurrency ventures has prompted renewed scrutiny over how much tax he may owe, with experts saying the answer is difficult to determine because of the limited public information about the businesses involved.

Get today's headlines by email

The financial disclosure, released after Trump's return to office, provides the clearest picture yet of the scale of his involvement in the cryptocurrency sector. However, it does not reveal how the income is structured for tax purposes, leaving accountants and legal experts unable to calculate his actual tax liability.

Potential Tax Bill

One accountant who specializes in cryptocurrency taxation estimated that Trump could owe at least $250 million in taxes on the crypto income. If the entire $1.4 billion were taxed as individual federal income at the highest statutory rate of 37%, the bill would reach about $518 million before any deductions or offsets.

Tax experts cautioned, however, that such estimates may differ significantly from the amount ultimately owed because the income could have been earned through corporate entities or reduced by deductible expenses and operating losses.

Omri Marian, a law professor specializing in cryptocurrency taxation, said the available disclosures do not provide enough detail to determine the ownership structure behind the assets or how the income should be taxed.

He said the public information shows Trump generated substantial earnings but offers little insight into how the beneficial ownership is arranged, making it impossible to accurately assess the tax consequences.

Sources of the Income

According to the disclosure, Trump received about $625 million in royalties linked to the $TRUMP meme coin through a licensing agreement with Celebration Coins.

The filing also states that World Liberty Financial, the cryptocurrency company co-founded by Trump and his sons, paid him more than $590 million from sales of digital tokens and the sale of an equity stake in the business.

The U.S. Internal Revenue Service generally treats digital assets under the same tax rules that apply to traditional securities. However, experts said it remains unclear whether Trump's crypto earnings would be classified as capital gains, ordinary income or business income because the disclosure does not provide sufficient detail.

The structure of the businesses receiving the income is also significant. If the earnings were recognized by corporate entities rather than Trump personally, they could be subject to different tax rates, while any previous business losses could reduce the overall tax bill.

Limited Transparency

The White House declined to answer questions about whether Trump paid taxes on the crypto income, whether it was reported on an individual or corporate basis, or whether any losses were used to offset taxable gains.

Unlike several recent presidents, Trump has not made his tax returns public, limiting outside analysis of his finances.

Settlement Limits Future Tax Claims

Questions about Trump's tax affairs have also been complicated by a Justice Department settlement reached in May. Under the agreement, the IRS and the Treasury Department are permanently barred from pursuing claims against Trump or his company based on prior tax returns.

The settlement resolved Trump's lawsuit alleging the IRS failed to safeguard his confidential tax records after a government contractor leaked them to news organizations, including The New York Times, in 2020.

The agreement also proposed creating a $1.7 billion "anti-weaponization" fund to compensate individuals claiming they had been targeted by government "lawfare." The proposal drew criticism from both Democrats and Republicans, and a federal judge later paused its creation. Acting Attorney General Todd Blanche subsequently told Congress that the Justice Department was no longer moving forward with the fund.

Join the discussion?

Adapted by ASEAN Now. Source 3 July 2026

View full article

625 million idiots bought the STRUMP coin?!? That amounts to a lotta dentures for the toothless! And what about the STRUMPET?

Trump has never given away a plugged nickel so he nailed down his ass(ets) to be untaxable.

Can he declare $83M to E. Jean a loss?

He just likes to brag.

It’s not just the Trump coin.

The grift is getting so blatent now. It’s as if he feels he is untouchable.

Let them make all they want and even more.

Because I can't wait till his 2 idiot sons, Tweedledee & Tweedledumber, have to testify before a congressional investigation committee in January once the Democrats take the house back in November. (Daddy too January / 2029)

Their only problem is which one of the crimes they start with first LOL!!!!

I can't wait to see them 2 stooges under pressure!!

Get the popcorn out! 🍿

21 hours ago, unblocktheplanet said:

625 million idiots bought the STRUMP coin?!? That amounts to a lotta dentures for the toothless! And what about the STRUMPET?

So true this quote “ fools and money soon depart”. MAGA fools deserved losing their money to the grifter in chief masquerading as President.

4 hours ago, mushroomdave said:

Let them make all they want and even more.

Because I can't wait till his 2 idiot sons, Tweedledee & Tweedledumber, have to testify before a congressional investigation committee in January once the Democrats take the house back in November. (Daddy too January / 2029)

Their only problem is which one of the crimes they start with first LOL!!!!

I can't wait to see them 2 stooges under pressure!!

Get the popcorn out! 🍿

Five baht one of those stooges is the next president...

On 7/3/2026 at 1:26 AM, unblocktheplanet said:

625 million idiots bought the STRUMP coin?!? That amounts to a lotta dentures for the toothless! And what about the STRUMPET?

Trump has never given away a plugged nickel so he nailed down his ass(ets) to be untaxable.

Can he declare $83M to E. Jean a loss?

He just likes to brag.

Yes true....still many idiots but not quite 600 mill of them:

"$600 million in royalties and transaction fees from the public purchases of the 200 million coins"

Smart investments.

Well done.

Poor bitter leftists will hate of course.

The chief crook has swindled millions out of hundreds of millions, yet again. Incredible how he is rarely held accountable for his many scams. Hopefully someday it will catch up to him.

Amusing how his supporters invested in his crypto, assuming he really was some sort of financial genius, when 90% of his fortune was stolen, or amassed through fraud and scams.

Nearly 1 million people who bought President Trump’s memecoin have lost money through the end of June, according to a report by the cryptocurrency analytics firm Nansen. Their losses total $3.81 billion.

The analytics firm’s assessment was calculated this week after Mr. Trump signed an annual financial disclosure showing that he walked away with a $636 million payout on the same crypto bet, part of a haul of at least $2.2 billion from all of his business ventures in 2025.

The odds were always in his favor. Mr. Trump profited whether the price of his memecoin went up or down. He collected returns whenever anyone traded the tokens, as he repeatedly pushed his followers to do, using his Truth Social account to promote the coin.

Once a crypto skeptic, Mr. Trump embraced the profit-making opportunity of digital currencies in 2024, while he was running for president. He and his sons founded a crypto start-up called World Liberty Financial, which soon began selling a coin called $WLFI that has also declined sharply.

Three days before his inauguration, Mr. Trump unveiled a second Trump-branded investment — the $TRUMP memecoin, a type of novelty currency with little practical value.

Cumulatively, these 988,905 wallets have lost a total of $3.81 billion, including buyers who have held on to their stash and recorded paper losses, according to Nansen. The coin was trading at $1.76 as of Friday, down 97 percent from its peak price of $75.35.

Stephen Gillers, a New York University law and legal ethics professor, said he would not be surprised if Mr. Trump and his partners eventually face a class-action lawsuit from followers who lost money — even though the Securities and Exchange Commission announced in February 2025 that it will no longer scrutinize memecoin deals.

https://www.nytimes.com/2026/07/04/us/politics/trump-coin-crypto-investors-loss.html?smid=nytcore-android-share

Imagine Trump actually being forced to pay taxes from his enormous presidential scam profits? The tax fraudster would be put into an unusual position, as these profits are quite transparent.

46 minutes ago, JonnyF said:

Smart investments.

Well done.

Poor bitter leftists will hate of course.

Yeah, a 97% loss is quite an impressive investment.

51 minutes ago, JonnyF said:

Smart investments.

Well done.

Poor bitter leftists will hate of course.

You really should engage your brain before posting silly drivel Jonny.

I doubt any leftists bought the Trump coin, but surely his cult followers like you will have, and this was the result.

FYI, I didn't turn the chart upside down, so looking for your explanation of the smart investment.

10 hours ago, unblocktheplanet said:

Five baht one of those stooges is the next president...

Oh wow, five baht huh? You're really confident and out on a limb with that wager...............🤪

55 minutes ago, spidermike007 said:

Imagine Trump actually being forced to pay taxes from his enormous presidential scam profits? The tax fraudster would be put into an unusual position, as these profits are quite transparent.

That position for our President should be required. Take off the orange jumpsuit, hands and knees. no Vaseline.

9 hours ago, CallumWK said:

You really should engage your brain before posting silly drivel Jonny.

I doubt any leftists bought the Trump coin, but surely his cult followers like you will have, and this was the result.

FYI, I didn't turn the chart upside down, so looking for your explanation of the smart investment.

He cant. Is pathological need to defend the fraudster regardless of the crime or the level of moral turpitude overrides any sense of reason.

8 hours ago, unblocktheplanet said:

That position for our President should be required. Take off the orange jumpsuit, hands and knees. no Vaseline.

If you ever does make it to prison which many of us hope will happen, he would sure be some kind of trophy for the inmates. For once in his pathetic life he would actually be liked by many.

12 hours ago, JonnyF said:

Smart investments.

Well done.

Poor bitter leftists will hate of course.

Do you ever ever read anything factual regarding Trump ripping off friend and foe alike? Seriously, you rarely if ever have connection to reality:

"Smart investments" For who? Trump made about $635 million off his flock selling his worthless meme coins. Money from his foolish followers. From Wall Street Journal

"Despite his massive windfall, the meme coin's value plummeted over 97% from its all-time high, resulting in hundreds of millions of dollars in losses for retail investors and followers." https://www.wsj.com/finance/currencies/trump-made-1-billion-on-crypto-deals-while-his-fans-lost-a-fortune-408754c9

He won't pay a penny. Whilst he is in office he will claim Presidential Immunity. Out of office he will stall and simply refuse to pay. When eventually they try to recover it from his estate they will find themselves embroiled in a legal maze.

On 7/4/2026 at 10:07 PM, JonnyF said:

Smart investments.

Well done.

Poor bitter leftists will hate of course.

https://finance.yahoo.com/markets/crypto/articles/trump-memecoin-investors-lost-3-202905813.html

Trump memecoin investors lost $3.8 billion, analysis finds

Nearly 1 million people have lost a total of $3.8 billion after buying President Donald Trump's $TRUMP memecoin, according to cryptocurrency analytics firm Nansen.

The New York Times reports that Nansen's analysis is based on transactions that are publicly visible on the blockchain, showing that 988,905 accounts had lost money on the memecoin as of the end of June. That represents around two out of three $TRUMP buyers.