The New York Times
has obtained tax-return data for President Trump that shows he paid no
income taxes in 11 of the 18 years the paper examined. The bombshell
report also revealed that Trump paid only $750 in federal income taxes
in 2016, the year he won the presidency. And he paid the same amount in
2017, his first year in office.
Trump, who has refused to release his tax returns on multiple
occasions, using the excuse that he has been under IRS audit, called the
report “fake news” during a Sunday news conference.
But the Times says they have obtained more than two decades’
worth of tax-return data for Trump and for hundreds of companies in his
business organization. The president’s debt that, according to the
report, he has personally guaranteed is in the hundreds of millions of
dollars is coming due in the next four years. The Times says
that debt leaves Trump dependent on his business accumulating more
income, which is a conflict of interest with his duties as president.
Read more at:
Report: Trump Paid Only $750 in Federal Income Taxes in 2016 and 2017 - Rolling Stone
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