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Politics Trump paid $750 in US income taxes in 2016 and 2017: Report

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

Trump paid just $750 in federal income taxes in 2016 and 2017, according to tax returns obtained by the New York Times

  Trump paid just $750 in federal income taxes in 2016 and 2017, according to tax returns obtained by the New York Times The New York Times published an unprecedented look at Trump's tax returns, which revealed he paid just $750 in income taxes in both 2016 and 2017.Trump avoided paying the income taxes "largely because he reported losing much more money than he made," the Times reported.

President Donald Trump paid just $ 750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report in The New But he offered no timeline for the disclosure and made similar promises during the 2016 campaign on which he never followed through.

Paper details $ 750 federal income tax payments in 2016 , 2017 and says The president “ paid $ 750 in federal income taxes the year he won the presidency”, the paper reported , adding that “in his The paper promises more stories in the coming weeks. “The tax returns that Mr Trump has long fought to

President Trump paid no federal income taxes in 10 of the past 15 years, according to a report Sunday in the New York Times.

Donald Trump wearing a suit and tie © Provided by Washington Examiner

Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid $750 in taxes to the federal government the year he was elected, 2016, and $750 again his first year in office.

The disclosure, which the New York Times said comes from tax return data it obtained extending over two decades, comes at a pivotal moment ahead of the first presidential debate Tuesday, and weeks before a divisive election.

A 2016 video of Hillary Clinton attacking Trump for his low tax bill is resurfacing after an NYT report showed he paid $0 for years

  A 2016 video of Hillary Clinton attacking Trump for his low tax bill is resurfacing after an NYT report showed he paid $0 for years Speaking at the first 2016 presidential debate, Donald Trump told Hillary Clinton that if he paid no federal income taxes: "That makes me smart."Clinton, speaking at the first presidential debate on September 26, 2016, made the claim after moderator Lester Holt asked why Trump was first candidate in decades not to release his tax returns.

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 $ 750 . Many of his signature businesses, including his golf courses, report losing large amounts of money — losses that have helped him to lower his taxes .

Trump paid just $ 750 in federal income taxes in 2016 and another $ 750 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

A lawyer for the Trump Organization, Alan Garten, and a spokesperson for the Trump Organization did not immediately respond to a request for comment from the Associated Press on the report.

Garten told the New York Times that "most, if not all, of the facts appear to be inaccurate."

He said in a statement to the news organization that the president "has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015."

Tags: News, Donald Trump, White House

Original Author: Associated Press

Original Location: Trump paid $750 in US income taxes in 2016 and 2017: Report

Here's what was true and what was false from the first debate .
As Trump and Biden attempted to make their points on the debate stage in Cleveland, NBC News fact-checked their claims in real time.NBC News fact-checked their statements in real time. For full coverage, visit the debate live blog.

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