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It is not that discussion material is lacking in this electoral campaign, on the contrary. And now another topic has been added, less than 48 hours before the first television debate between Donald Trump and Joe Biden. She brought it to the table New York Times, with a large body of research released Sunday night. In it, the newspaper reports on Trump’s tax documents that its reporters have obtained. They show that the president of the United States is extremely clever and ruthless in avoiding taxes, or that he is a rather unsuccessful businessman.
Specifically, Trump is said to have paid just $ 750 in federal income taxes in 2016 when he first ran for president. In his first year as president, his tax bill was again just $ 750. Previously, the billion-dollar former real estate entrepreneur hadn’t paid any federal income taxes in 10 of 15 years. By comparison, the average American taxpayer transferred about $ 12,200 to tax authorities in 2017, according to the AP news agency, 16 times more than Trump.
These tax bills arose because Trump claimed large losses and write-offs in various business areas. Noisy New York Times Many of Trump’s companies are posting losses, including several of the golf resorts that the president markets under his name. Additionally, Trump is said to have received a $ 73 million tax credit, which is now the subject of a legal dispute with the IRS. The cancellations also include the consulting fees Trump claimed for his daughter Ivanka. Also, Trump is said to have cost $ 70,000 for his hairstyle during the TV show. The newbie they have retired.
Every president since Jimmy Carter has published their tax returns
In her report she writes New York Timesthat you received the tax records from sources that had legal access to them. The newspaper is about to ensure transparency when it comes to publishing, according to editor-in-chief Dean Baquet. Trump has refused to release his tax documents for nearly five years. There is no law that forces a presidential candidate to do so, but there is a rule: Since Jimmy Carter, all subsequent presidents have published their tax returns while campaigning.
The president called the report “fake news” at a news conference Sunday night. He paid “a lot” of taxes, including to the state of New York. Trump also reiterated his claim that he could not release his records because they were still being reviewed by the IRS. Trump’s tax returns were already the subject of controversy during the election campaign four years ago. At the time, in a television debate with his opponent Hillary Clinton, the Republican did not deny that he had temporarily not paid income tax: “Because I am smart,” as he said at the time.
The article of the New York Times it sparked, unsurprisingly, some excitement in Washington. Democrats seized it as an opportunity to criticize Trump and renewed their demand for clarity on Trump’s tax situation. Alexandria Ocasio-Cortez, who was elected to the House of Representatives for Democrats in 2018, wrote that she paid thousands of dollars in income taxes as a waitress, while Trump only paid $ 750. “She has done less to fund our communities than waitresses and immigrants without papers. ” Trump is “a walking fraud.”
Millions of income from abroad, also as president
The tax documents also renewed the focus on potential conflicts of interest for the president. Even after his election, he never really parted ways with his family business. According to the New York Times Trump received $ 73 million in foreign revenue in the first two years of his term. Most of it came from its golf resorts in Scotland and Ireland, with millions of dollars coming from licensing deals in the Philippines and Turkey. There are no new indications in the documents about possible trade relations between Trump and Russian circles, about which there is repeated speculation.
Democrat Joe Biden’s campaign team was clearly pleased with the article. It only took a few hours for the stickers to be available from the Biden web store. It says, “I paid more income taxes than Donald Trump.”
