[ad_1]
Here’s what we know about Trump’s businesses and his tax returns, according to the report:
$ 750 tax
Trump reportedly paid $ 750 in taxes in 2016 and 2017, the year he won the presidency. Supposedly, he did not pay federal income taxes for 10 of the 15 years evaluated by the publication because his businesses lost more money than they made.
Questionable tax refund
Trump is embroiled in a decade-long audit battle with the Internal Revenue Service (IRS) that began after he allegedly claimed and received $ 72.9 million in tax refunds after he said he had losses on his businesses. The New York Times reports that you may have to shell out more than $ 100 million, depending on the audit result.
Taxes from other countries
In his first two years as president, Trump reportedly earned $ 73 million in revenue from foreign countries. He made the most money from his golf properties in Scotland and Ireland and through licensing deals that reportedly saw him receive $ 3 million from the Philippines, $ 2.3 million from India, and $ 1 million from Turkey.
‘The newbie’
The report says that the president allegedly made $ 427.4 million from a television show. The newbie and through program sponsorship and licensing agreements. Trump hosted the weekly show that tested the contestants’ business skills. Its last season aired in 2017.
Debt and sinking companies
Trump is apparently running out of money raised from The newbie and associated agreements and, according to the report, he will allegedly be personally liable for a debt of $ 300 million over the next four years.
Public outrage
The damning revelations saw it trending on Twitter as dozens of Americans expressed outrage, with some vowing to withhold their votes on November 3.
This is what some people said:
