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US President Donald Trump reportedly did not pay federal income taxes for several years. This reports the “New York Times” and refers to the data of the tax returns that the newspaper should have. The data allegedly shed light on a two-decade period.
Trump liked to portray himself as a self-made billionaire prior to his election as president in 2016. In the same year, according to the New York Times, he is said to have paid only $ 750 in taxes at the federal level, the same amount one year later. The data also shows that Trump has not paid any income taxes for ten of the last 15 years, given the high losses reported.
Trump’s tax returns were a big topic in the 2016 election campaign: The former real estate mogul was the first U.S. president since Richard Nixon (1969 to 1974) to refuse to disclose his tax returns. Now Trump said he would release his tax returns when the IRS tax audit is complete, which has been going on for years. “The IRS doesn’t treat me well. They treat me very badly,” he said. “Everything will be published, everything will come out, but after the exam.”
The president is currently defending himself in a New York court against an attempt by Manhattan prosecutors to access his tax documents. According to the New York Times, an IRS audit reveals a $ 72.9 million tax refund he received after large losses.
Revelations shortly before the television duel
The revelations come at a critical time for Trump. The president is campaigning against Democratic challenger Joe Biden, and the first television matchup is scheduled for Tuesday. The presidential election is scheduled for November 3. The New York Times has announced more posts about Trump’s tax payments.
Shortly after the publication of the first investigation, Trump spoke publicly of “fake news.” He said, “I have paid a lot, I have also paid a lot of taxes to the state, New York state charges a lot.
The New York Times quoted Alan Garten, a lawyer for Trump, in its article. He said that “most, if not all, of the facts appear to be inaccurate.” The president has “paid tens of millions of dollars in personal taxes to the United States government over the past decade, including millions in personal taxes since he announced his candidacy in 2015.”
The NYT wrote that Garten was using the term “personal taxes” to mix income tax with other federal taxes.
