White House declines to say how much President Trump paid in taxes on reported $1.4 billion crypto income

President Donald Trump’s financial disclosure for 2025 put a dollar figure on his cryptocurrency-related earnings, reporting more than $1.4 billion in crypto income and related benefits. CBS News reported Tuesday that the White House declined to say how much Trump paid in taxes tied to that reported crypto windfall.

CBS News said the reported crypto income appears likely to be taxable, and cited tax specialists who said it would be reasonable to expect a tax bill of at least $250 million under common assumptions. The outlet also described how tax outcomes could vary substantially depending on how the income is characterized and how deductions, losses, and the underlying ownership structure are treated.

The IRS generally treats digital assets as property, meaning capital gains taxes can apply similarly to traditional securities transactions, according to CBS News’ account of IRS guidance. Using a simplified calculation, CBS News wrote that if the entire $1.4 billion were taxed at the maximum federal individual income rate of 37%, the president could owe $518 million, before accounting for any deductions or other tax factors.

CBS News said the White House did not respond to questions about whether any taxes were paid on an individual or business basis, or whether operating losses were used to reduce the tax bill. CBS also reported that Trump, unlike several past presidents, does not publicly release his tax returns, making it difficult for outsiders to determine the actual tax liability.

NBC News separately reported that Trump’s 2025 disclosure was submitted to the U.S. Office of Government Ethics in a 927-page form and included details of crypto earnings and related partnerships. NBC News also described the earnings as coming largely from licensing tied to cryptocurrency projects, including “meme” coins bearing Trump’s name, and said the reporting raised additional questions about the corporate and ownership arrangements behind the income.

In the absence of publicly available tax returns or a detailed tax breakdown from the White House, the central question highlighted by the reporting is not only the possible size of any tax liability, but also whether the reported crypto income is structured in a way that affects which taxes apply and how much can be offset by losses or deductions.

Whether the reported crypto income is taxed at capital gains rates, treated differently under specific transaction structures, or reduced by expenses and losses can change the final bill materially. For now, CBS News reported that the administration is not disclosing the amount paid, leaving outside estimates dependent on assumptions rather than a confirmed tax calculation.