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Politics New York Times: Donald Trump paid no income taxes in 10 of past 15 years

01:40  28 september  2020
01:40  28 september  2020 Source:   cnn.com

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The Times obtained Donald Trump ’s tax information extending over more than two decades, revealing struggling He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported Hannah Reyes Morales for The New York Times . He reported paying taxes , in turn, on a

Mr. Trump paid no federal income taxes in 11 of 18 years that The Times examined. In 2017, after he became president, his tax bill was only 0. He has reduced his tax bill with questionable measures, including a .9 million tax refund that is the subject of an audit by the Internal Revenue

Donald Trump has paid no income taxes whatsoever in 10 of the past 15 years since 2017 as a result of reporting that he was losing significantly more than he made, according to an explosive report released Sunday by the New York Times.

Donald Trump wearing a suit and tie: US President Donald Trump speaks to the press as he makes his way to board Marine One from the South Lawn of the White House in Washington, DC on September 24, 2020. © Mandel Ngan/AFP/Getty Images US President Donald Trump speaks to the press as he makes his way to board Marine One from the South Lawn of the White House in Washington, DC on September 24, 2020.

The President paid just $750 in federal income taxes in both the year he won the presidency and his first year in the White House, according to more than two decades of his tax information obtained by The Times.

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When she suggested that Mr. Trump was still paying no federal taxes , and had not done so for many years , Mr. Trump offered another retort: “It Tax court records indicate that Mr. Trump also avoided paying any federal income taxes in 1984. In 1991 and 1993, at a time when Mr. Trump ’s Atlantic

Trump paid just 0 in federal income taxes in 2016 and another 0 the following year, the newspaper reported, and none at all in 10 of the previous 15 years . He is personally responsible for more than 0 million in debt, most of which is coming due within the next four years, according to

At a briefing Sunday, Trump denied the New York Times story and said he pays "a lot" in federal income taxes.

"I pay a lot, and I pay a lot in state income taxes," Trump said.

Trump added that he is willing to release his tax returns once he is no longer under audit by the Internal Revenue Service, which he said "treats me badly."

Trump's taxes have been largely a mystery since he first ran for office. During the 2016 campaign, the then-candidate broke with presidential election norms and refused to produce his tax returns for public review. They have remained private since he took office, and Trump has repeatedly said he's under audit by the IRS, which has been ongoing since at least 2016, according to the President.

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“He had paid no income taxes at all in 10 of the previous 15 years – largely because he reported losing much more money than he made.” “The tax returns that Mr Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public,” the paper

The tax records obtained by The Times show that Donald J. Trump claimed a 6 million loss that could have allowed him to legally avoid paying federal income taxes for up to 18 years . Related Article ». Contributed by: News Documents, The New York Times .

In response to a letter summarizing the newspaper's findings, Trump Organization lawyer Alan Garten told the Times that "most, if not all, of the facts appear to be inaccurate" and requested the documents.

The New York Times said it will not make Trump's tax-return data public so as not to jeopardize its sources "who have taken enormous personal risks to help inform the public."

The tax-return data obtained by the newspaper does not include his personal returns for 2018 or 2019.

Being under audit by the IRS does not preclude someone from releasing their tax returns publicly. But that hasn't stopped Trump from using it as a defense against releasing his financial information.

In 2016, Trump released a letter from his tax attorneys that confirmed he was under audit. But the letter also said the IRS finished reviewing Trump's taxes from 2002 through 2008. Trump did not release his tax returns from those years, even though the audits were over.

A previous New York Times investigation published in 2018 reported that Trump had helped "his parents dodge taxes" in the 1990s, including "instances of outright fraud" that allowed him to amass a fortune from them

Trump received at least $413 million in today's dollars from his father's real estate empire, starting at the age of 3.

This is a breaking story and will be updated.

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