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The New York Times revelations that he accessed your tax information. In the first two years in the White House, he paid only $ 750 in taxes.
by our correspondent Riccardo Barlaam
The New York Times reveals that he accessed your tax information. In the first two years in the White House, she paid only $ 750 in taxes.
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NEW YORK – Donald Trump paid just $ 750 in federal income taxes in 2016 and 2017, the first two years of his presidency. And for at least ten of the last 15 years he has paid zero taxes, thanks to losses reported on the tax returns of his foundation, the Trump Organization. The scoop from the New York Times, which consulted data from tax returns filed with the Internal Revenue Service, the US tax agency, spoils the Republican president’s party the day after the controversial appointment of Judge Amy Coney Barrett to the Court Supreme even before the funeral of the late Judge Ruth Ginsburg, and on the eve of the first of three televised duels with Democratic candidate Joe Biden on Tuesday night.
According to the New York Times, Trump has failed to pay taxes in ten of the last fifteen years “because he has declared more losses than the money he has made.” Losses that have allowed Trump to lower his tax base, and in some years even bring it to zero. According to the investigation, the US president’s personal finances are currently under stress, with hundreds of millions of dollars of debt accumulated, largely linked to the management of the Trump Organization, the family empire. The president would be personally responsible for a debt of 421 million dollars that would be paid to the banks within four years.
Trump: fake news from sono
Trump at a press conference dismissed the New York Times revelations as “outright fake news.” His lawyers called the article “inaccurate.” Unlike what has happened in the last forty years with all previous American presidents, Trump has always refused to make public the data of his tax returns, under the pretext that he cannot reveal it because there is a dispute with the IRS . . An audit that in any case does not prevent Trump from making his statements public. According to the news report, Trump obtained a tax refund from the IRS of approximately $ 73 million for tax returns from 2005 to 2008. A tax refund that Trump is suspected of requesting and obtaining by inflating his losses. A dispute that if he saw Trump as a loser it could cost him more than $ 100 million, in addition to the 421 million he owes in debt.
Nyt: citizens need to know
New York Times CEO Dean Baquet explained the decision to publish the articles as follows: “We believe that citizens should know as much as possible about their leaders and representatives and also about their finances. Trump, one of the richest presidents in history, has broken this tradition. ” The investigation found that while Trump reported losses, he continued to maintain a luxurious lifestyle, deducting taxes on what could be considered personal expenses or reporting real estate investments or personal travel by private plane as business expenses. . From the statements it is also discovered that just to pay the hairdresser of the television program “The Apprentice” who launched him as a presenter, the magnate has declared an expense of more than 70 thousand dollars to the US tax authorities. To reduce the final cost of family taxes, Trump also reportedly declared unspecified “consulting fees” in favor of his daughter Ivanka Trump while she was working as a secretary at the foundation.
