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Monday September 28, 2020

Newspaper: The US President did not pay income tax … and Trump responds

The World – The Americas

According to the famous “New York Times” newspaper, Trump, who is seeking re-election in November, has paid only $ 750 in federal income taxes in 2016 and 2017, and has not paid income taxes within ten of the last 15 years. .

The newspaper confirmed, “Trump received $ 427.4 million during 2018 from his reality TV program and other deals.”

Trump was able to reduce his tax bill by reporting heavy losses to his business empire. The newspaper reported, “Trump reported losses of $ 47.4 million in 2018, despite a financial approval that year showed that he achieved an income of at least $ 434.9 million,” according to Reuters.

Trump denied the report at a White House news conference on Sunday, calling it “completely false news.”

“Trump has paid millions of dollars in personal taxes over the past ten years, without affecting the specific income tax,” Alan Garten, a Trump Foundation lawyer, said in a statement to the New York Times.

Trump has repeatedly refused to disclose his taxes, abandoning the procedure that presidential candidates used to do, saying, “They are under scrutiny.”

The newspaper said, “It obtained tax return data covering more than twenty years for Trump and the companies within his trading establishment. The newspaper did not have information about his personal revenues in 2018 or 2019.”

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