Donald Trump 'paid $750 in federal income taxes in 2016' – New York Times

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The New York Occasions alleges that Donald Trump paid simply $750 (£587) in federal source of revenue tax in 2016, the yr he gained america presidency.

The newspaper – which says it has bought tax information for Mr Trump and his firms over 20 years – additionally says he paid no source of revenue taxes in any respect in 10 of the closing 15 years.

It says that is “in large part” because of the corporations reporting losses.

Mr Trump pushed aside the file as “utterly faux information”.

“If truth be told I paid, however you can see then once my tax returns are finished,” he advised journalists after the tale was once printed on Sunday.

The New York Occasions mentioned it had reviewed tax returns in terms of President Trump and the corporations owned through the Trump Group going again to the 1990s, in addition to his non-public returns for 2016 and 2017.

The e-newsletter claims that Mr Trump paid simply $750 in source of revenue taxes in 2016, and $750 in 2017.

The Trump Group additionally rejected the allegations.

Alan Garten, leader felony officer of the Trump Group, mentioned that “maximum, if now not all, of the info seem to be faulty”, based on a letter compiling the Occasions’ findings.

“Over the last decade, President Trump has paid tens of hundreds of thousands of greenbacks in non-public taxes to the government, together with paying hundreds of thousands in non-public taxes since pronouncing his candidacy in 2015,” mentioned Mr Garten.

In a public submitting in 2018, President Trump mentioned that he had made a minimum of $434.9m in revenues. The newspaper disputes this, alleging that his tax returns display the president had as a substitute long past into the pink, with $47.4m in losses.

The newspaper additionally claims that “maximum” of President Trump’s largest companies – reminiscent of his golfing lessons and accommodations – “file shedding hundreds of thousands, if now not tens of hundreds of thousands, of greenbacks yr after yr”.

The New York Occasions claims that the president is in my view accountable for greater than $300m in loans, which can come due within the subsequent 4 years.

It additionally alleges that a few of President Trump’s companies have won cash from “lobbyists, overseas officers and others in the hunt for face time, get admission to or favour” from the president.

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  • Donald Trump
  • United States
  • Tax

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