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US President Donald Trump, file photo.
The influential New York Times has published the income tax record of US President Donald Trump. There it has been seen that he has not paid income tax for 10 of the last 15 years. In addition, the Times report has presented other shocking information, the amount of income tax paid by Trump to the United States has been seen to be greater than that given to India! However, Trump dismissed the New York Times report as “fake news.”
The New York Times reports that in 2016, Trump paid only ৭ 650 in income taxes in the United States. On the other hand, at the same time, your company has paid 1 lakh 45,400 dollars in taxes in India. His company also paid a lot of taxes in Panama and the Philippines.
In 2016, the year he defeated Hillary Clinton and was elected president, Trump also paid just £ 650 in income tax for services. You have not paid taxes for 10 of the last 15 years. Using loopholes in the tax process, he has shown that the loss is much greater than the amount of money that is earned.
At the same time, he has waived taxes on food, hairstyle and airline expenses. Girl Ivanka’s huge hairstyle bill is completely tax-free. The United States is now excited about this report. Trump was surprised to publish the report in the run-up to the next presidential election. Trump will face rival Democratic candidate Joe Biden in the first presidential debate on Tuesday.
Trump told reporters: ‘I actually paid income taxes. That is being audited. It has been audited for a long time. After putting all the blame on the tax authorities, the president of the United States stated: ‘The tax authorities are not treating me well. They are using me very badly.
While other presidents have published their own tax returns, Trump never has. He is the first president of the United States since 1980 not to file an income tax return. This, of course, is not what you are required to do by law. However, US presidents publish their income tax returns for transparency.
According to the New York Times, Trump earned £ 2.3 million from India in the first two years of his presidency. But most of the money Donald Trump makes comes from his real estate in Scotland and Ireland.
However, the New York Times reports that most of Trump’s businesses are not profitable, even though he claims to be a successful businessman. From golf courses to luxury hotels, everything is booming.
The New York Times reports that the Internal Revenue Service has been at odds with Trump for a decade. Trump has demanded a £ 62.9 million tax refund, citing his huge losses. That is the dispute. The newspaper claims to have information on the income tax returns of Trump and his companies from the last two decades. After examining these documents, they felt that many questions would surely arise.
Source: NDTV.
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