⁍ The Republican president was responding to a New York Times report that he paid just $750 in federal income taxes in both 2016 and 2017.

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⁍ ‘I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits,’ he wrote on Twitter.

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⁍ ‘I am extremely under leveraged – I have very little debt compared to the value of assets,’ he added.

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– The New York Times reported Monday that President Trump paid just $750 in federal income taxes in 2016 and 2017 after years of reporting heavy losses from his business enterprises. Trump responded on Twitter: “I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits. I am extremely under leveraged – I have very little debt compared to the value of assets.” He added, per Reuters: “I have been very successful with the U.S. tax code, which is why I have been very successful.”