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Politics Trump dismisses New York Times report on taxes as 'fake news'

02:25  28 september  2020
02:25  28 september  2020 Source:   thehill.com

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Earlier in the day, The New York Times reported that US President Donald Trump 's tax bill was 0 in US President Donald Trump , when pressured on his tax history, which was allegedly revealed by The NYT report to only be 0 as of 2017, said that The Times report was "totally fake news ".

President Donald Trump on Sunday dismissed as “totally fake news ” a New York Times report about how little he has paid in federal taxes . The Times obtained more than two decades of Trump ’s tax information and reported earlier on Sunday that the president paid only 0 in federal income taxes

Donald Trump wearing a suit and tie: Trump dismisses New York Times report on taxes as 'fake news' © Joshua Roberts/Getty Images Trump dismisses New York Times report on taxes as 'fake news'

President Trump on Sunday dismissed a New York Times investigation that found he paid $750 in income taxes in 2016 and 2017 "fake news."

"It's totally fake news," Trump told reporters at a press conference when asked about the news story, which broke minutes before he entered the White House briefing room. Trump insisted that the public would eventually see his tax returns, but claimed, as he has previously, that they are currently "under audit" by the Internal Revenue Service.

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Mr Trump dismissed the report as "totally fake news ". "Actually I paid, but you'll see then as soon as my tax returns are done," he told reporters The New York Times said it had reviewed tax returns relating to President Trump and the companies owned by the Trump Organization going back to the

Trump pays little tax . The Times reported that Trump paid no federal income taxes in 11 of 18 years the newspaper looked at. In 2017, after he became president, his tax bill was only The Times report on his tax returns is clear that Trump ’s businesses have indeed benefited from his political career.

"When they're not, I'd be proud to show you. It's fake news," Trump said.

He accused the Times of wanting "to create a little bit of a story" before the election.

Asked later if he would give the public a sense of how much he has paid in income taxes, Trump declined, again citing the audit.

"I paid a lot and I paid a lot of state income taxes too," Trump said. "It'll all be revealed, it's all going to come out."

The stunning report by the Times, based on tax-return data covering over two decades, offers a detailed picture of the president's finances. It says Trump paid zero in income taxes in ten of 15 years before he was elected president in 2016. It says that Trump is battling the IRS over the legitimacy of a $72.9 million tax return that Trump obtained after declaring major losses.

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The New York Times reported on Sunday that it had obtained Donald Trump ’s tax information, long the holy grail of US political reporting . The paper promises more stories in the coming weeks. “The tax returns that Mr Trump has long fought to keep private tell a story fundamentally different from the

President Trump lashed out Wednesday at the New York Times , dismissing a long report about the vast extent to which his father had fueled his wealth The Times article, which was published online Tuesday afternoon, reported that Trump had participated in “dubious tax schemes” that allowed his

It describes a businessman who has racked up substantial losses that he has leveraged in order to avoid paying taxes.

The report, coming just weeks before the November election, significantly undercuts Trump's description of himself as a billionaire businessman and real-estate mogul. Trump is currently locked in a difficult battle for reelection against Democratic nominee Joe Biden who leads the incumbent president in national polls.

Trump has refused to release his tax returns, which are being sought by the House of Representatives and state investigators, throughout his time in office. Previous presidents have opted to release their tax returns.

Trump, who frequently makes false or misleading claims, often derides negative headlines and press coverage as "fake news," and the phrase has become a rallying cry of sorts for the president's supporters. Trump has been particularly incensed by the Times' coverage of his White House, often singling out its stories and reporters.

Biden campaign posts ‘Trump Tax Calculator’ on website .
Under the space where users calculate how much more they paid in taxes that Trump, the website asks “Mad? Us too.” New York Times report sheds new light on jokes about President Trump’s alleged lack of wealthTrump, who trails Democratic candidate Joe Biden in polling, has labeled reports of his alleged financial hardship “fake news.” He also believes the election is being rigged against him. Both topics are likely to arise in Tuesday’s presidential debate.Biden and his running mate, former prosecutor Kamala Harris, released their 2019 taxes Tuesday.

usr: 1
This is interesting!