⁍ The New York Times reports President Donald Trump paid just $750 in federal income taxes in both 2016 and 2017.
⁍ Trump paid no income taxes in 10 of the last 15 years, despite receiving $427.4 million through 2018 from his reality television program and other endorsement and licensing deals.
⁍ The Times reported Trump claimed $47.4 million in losses in 2018, despite claiming income of at least $434.9 million in a financial disclosure that year.
⁍ Trump denied the report on Sunday, calling it ‘total fake news’ at a White House news conference.
– The New York Times is out with what President Trump calls “total fake news”: It says it has obtained the tax returns of Trump and his companies over the past 20 years, and they show that the president has paid very little in federal income taxes over the past 15 years. The Times says the data shows that Trump reported $47.4 million in losses in 2018, despite claiming at least $434.9 million in income that year in a financial disclosure. Trump denied the report at a White House news conference on Sunday, calling it “total fake news.” The Times says it obtained tax return data covering 2016 and 2017, but it didn’t have information on personal tax returns for 2018 or 2019. Reuters notes that Trump has repeatedly refused to release his taxes, saying they are under audit.
Source: https://www.reuters.com/article/us-usa-trump-taxes/trump-paid-no-income-taxes-in-10-of-last-15-years-new-york-times-idUSKBN26I10L