[ad_1]
US President Donald Trump only paid $ 750 in federal taxes in 2016, the year he won the presidential election, according to an investigation by the newspaper. The New York Times released Sunday on more than 20 years of the president’s tax returns.
(You may be interested: Trump asks Biden to take a drug test before the debate)
“He has not paid any income tax in ten of the previous fifteen years, largely because he has reported more losses than gains.”writes the American newspaper.
The Republican president quickly denied what was published by the New York newspaper. “They are false information, totally fabricated,” he said during a press conference at the White House.
“I have paid a lot, and I have also paid a lot of income taxes at the state level, New York State collects a lot of taxes”he added.
The former real estate mogul’s tax returns are at the center of a legal battle, as Trump has always refused to release them as the president of the United States often does.
(Read also: The first public ’round’ of Donald Trump and Joe Biden)
“The New York Times has obtained tax information for more than twenty years on Mr. Trump and the hundreds of companies that make up his group, including detailed information on his first two years in office. This does not include his personal income statements for 2018 and 2019, “says the newspaper, which promises new disclosures in the coming days.
Quoting the article by The New York Times, one of the Trump Organization’s lawyers, Alan Garten, said that “Most, if not all, of the facts appear to be inaccurate,” and he demanded that the newspaper deliver the documents on which the article is based, which have not been made public.
Unlike all his predecessors since the 1970s, Trump, whose family group is not public and who has made his fortune a campaign argument, refuses to publish his tax returns and is in a legal battle to prevent are disclosed.
His lack of transparency gives rise to speculation about the size of his wealth and possible conflicts of interest.
(Also: Trump uncovers his letter to the United States Supreme Court)
What the NYT Research Says
The newspaper The New York Times reported this Sunday that it accessed US President Donald Trump’s tax returns for the past two decades and revealed debts that have already matured and were worth hundreds of millions of dollars.
Since his 2016 election campaign, Trump has refused to release his tax returns, something all of his predecessors have done throughout history.
The New York Times revealed that Trump paid only $ 750 in federal taxes in 2016, when he won the election, and in his first year in the White House he disbursed the same amount of $ 750, which is very small compared to the fortune he is believed to have amassed in your real estate business.
The president supposedly You also have not paid any type of income tax in 10 of the last 15 years because you reported to the Revenue Service (IRS), the US Treasury, that he had lost a lot of the money he had brought in.
(Also read: Trump puts Colombia in his re-election campaign with attack on Petro)
Currently, according to the newspaper, Trump’s finances are under pressure due to hundreds of millions of dollars of debt that have expired and that he had guaranteed he would pay personally.
The president has also had a decade-long battle pending with the IRS, which has questioned the legitimacy of a $ 72.9 million refund that Trump claimed and received from that institution after declaring huge losses.
An adverse ruling in that litigation could cost you more than $ 100 million, according to The New York Times.
(Also: Trump is booed during tribute to Judge Ruth Bader Ginsburg)
Democrats in Congress have tried to force Trump to make his taxes public, but have been unsuccessful.
In addition, the Manhattan prosecution has claimed Trump’s tax returns from the accounting firm he worked with, called Mazars, as part of an investigation into whether the now-president’s secret campaign money payments to the porn actress Stormy Daniels violated New York State law. In that case, Trump has also refused to release his taxes.
AFP and EFE
