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the New York Times has managed to seize some of the most sought after – and most stubbornly hidden – documents in recent years: the tax returns of US President Donald Trump.
The details, published in the first of a series of episodes announced by the newspaper, are very significant: because they contrast with the image of success that the president has always wanted to give of himself and his business, because Trump is the only president of the history. contemporary of not declaring the amount paid to the coffers of the State that he directs, and because they will be central in the next decisive weeks of the electoral campaign: starting from the first debate against the challenger, the democratic Joe biden.
According to New York Times, therefore, Donald Trump paid $ 750 in federal taxes in the year you became president, 2016; $ 750 the following year, the first spent in the White House; is zero in 10 of the 15 years prior to your election.
the Times points out how, for a man and a businessman who likes to present himself as a successful billionaire, the tax level is enormously low.
According to the newspaper, Trump would have adopted particularly aggressive tax practices, reporting losses that have allowed him to reach zero very often the total owed to the federal government.
The letters would also show how Trump got it done debts for hundreds of millions, with various problems related to the properties of the Trump Organization.
A dispute with US tax authorities over the regularity of a $ 72.9 million “tax refund” that Trump obtained after declaring losses would also hang on Trump’s head: in the event of an adverse ruling, the president could be forced to pay more than 100 million dollars.
The difficulties in the president’s personal finances, the newspaper points out, make it vital for him to obtain income from sectors in which his position as a businessman is in direct conflict of interest with the public role he occupies.
“Trump,” writes the New York Times, “He seems to have been more successful playing the role of a great entrepreneur than actually being one.”
Trump, who at the start of his candidacy seemed willing to release his tax returns, never published them, instead always pointing to the White House annual reports as the “authoritative” source. In those reports, however, revenue is shown, not earnings. For example, in the 2018 report Trump claimed that he had collected a hefty $ 434.9 million, but only the tax return – so far hidden – reveals that, that year, Trump reported total losses to tax authorities. $ 47.4 million.
One of Trump’s attorneys, Alan’s Gardenhe told al New York Times that “most, if not all, of what is reported appears inaccurate.” Garten says the president has paid “tens of millions of dollars in taxes to the federal government, even since he announced his candidacy,” which is 2015.
Trump defined the scoop of the New York Times “Fake news” – but without offering any details – during a press conference at the White House.
Article updating …
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