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President Donald Trump attacked the New York Times on Sunday after the newspaper reported that Trump paid just $750 in federal income taxes in both 2016 and 2017, citing tax-return data.
Donald Trump paid just $US750 – $1070 – in tax: Report
Sep. 28 - US President Donald Trump paid just a few hundred dollars in tax in recent years, according to reports in the New York Times.
The NY Times reported Mr Trump, who is seeking re-election in November, paid just $US750 ($1070) in federal income taxes in both 2016 and 2017, and paid no income taxes in 10 of the past 15 years.
That was despite Mr Trump receiving $US427.4 million ($607 million) in 2018 from his reality television program and other endorsement and licensing deals.
Mr Trump was able to minimise his tax bill by reporting heavy losses across his business empire.
The newspaper reported that Mr Trump claimed $US47.4 million ($67 million) in losses in 2018, despite claiming income of at least $US434.9 million ($616 million) in a financial disclosure that year. more details
President Trump News Conference
President Trump held a news conference at The White House.
Sep. 28 - New York Times publishes Donald Trump’s tax returns in election bombshell. The US president, a self-proclaimed billionaire, paid only $750 in federal income taxes in the year he was elected, according to a stunning New York Times investigation that could shake up the presidential election. (Six key findings from the Times’ Trump taxes bombshell.)
Sep. 28 - Donald Trump‘s tax returns have finally been published. Not by him, of course. Tax returns spanning more than two decades were leaked to the New York Times, and guess what: this charlatan paid just US $750 (AU $1,065) in tax returns in the year he won the US presidency.
In fact, he paid almost no income tax for the better part of two decades. The long-awaited tax returns paint a picture of someone who was better at pretending to be a successful businessman than actually making money, the New York Times said. In short: he paid zero tax for 10 of the 15 years prior to 2016 because he reported losing much, much more money than he made. more details