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Trump is said to have paid little or no income tax for years. This is reported by the “New York Times”, citing documents from the president, which speaks of “fake news.”
According to one newspaper, US President Donald Trump has paid little or no federal tax for years. As the “New York Times” reported Sunday night, citing tax documents, their corresponding charge in 2016 and 2017 was $ 750 each. In 10 of the 15 years through 2017, he had not paid any federal taxes, he said. Trump claimed large losses in various business areas.
According to the newspaper, the president faces financial difficulties in a decades-long legal battle with the IRS tax authority. In an initial reaction, Trump called the report “totally bogus news.” It will publish your tax returns when the IRS audits, which have been going on for years, are complete. Trump said: “I have paid a lot, I have also paid a lot of taxes to the state, New York state charges a lot.”
Access to documents
By his own account, the “New York Times” received access to tax documents over a period of more than two decades that affect both the president and hundreds of companies in his business empire. This includes information on the first two years of your term. However, the documents for 2018 and 2019 are not available. The data was based on information provided by Trump himself, numerous questions such as the size of his fortune were left unanswered. The newspaper specifically wrote that the documents did not contain any new evidence of ties to Russia.
Documents, on the other hand, should contain very detailed lists. In connection with his television series “The Apprentice,” Trump has deducted $ 70,000 in hair care costs from taxes. According to the report, he is involved in a lawsuit with the IRS more than a year ago, the tax refund of almost $ 73 million. If authority prevailed, Trump would have to pay the federal government more than $ 100 million. In the United States, the federal, state, and local governments collect their taxes separately.
The head of the Democratic opposition in the Senate, Chuck Schumer, has already addressed voters: “Anyone who has paid more federal income taxes than President Trump” should raise his hand, Schumer wrote in the short message service. Twitter
Trump had “paid millions in taxes”
A lawyer for Trump told the newspaper that the president had paid millions in taxes over the past decade. At first there was no evidence for the respective representations. The “New York Times” refused to publish the original documents with reference to the protection of sources. Trump, for his part, keeps his tax returns under lock and key, contrary to US presidential practice. He substantiated this with an ongoing tax audit by the IRS. Trump’s finances are under investigation, including by the Democratic-run House of Representatives. Deutsche Bank has also done business with the Republican who is under investigation.
The new report was published two days before the Republican’s expected first presidential debate against his Democratic challenger Joe Biden. According to a Reuters / Ipsos poll released last week, Biden leads Trump. However, the race is very close in important states. The election will take place on November 3.
(APA / Reuters / dpa)
