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The investigation revealed this Sunday by New York Times says the US president paid $ 750 in federal taxes the year he won the election (2016) and another $ 750 in his first year in the White House. In 10 of the previous 15 years, Donald Trump did not pay taxes to the federal government, mainly because he claimed to have lost far more money than he had earned..
The American newspaper had access to fiscal data of more than two decades of the president, kept secret for years. The survey does not include the taxes delivered by Trump in 2018 and 2019, but the documents, which the tycoon went to great lengths to keep private, are enough to outline a completely different profile than the one sold to Americans, a far cry from the successful businessman. multimillionaire.
The tax returns analyzed by the New York Times they portray a businessman in crisis who has hundreds of millions of dollars a year in income, but who accumulates chronic losses “which he uses aggressively to avoid paying taxes.
The newspaper says the president currently has hundreds of millions of dollars in debt, about to expire, in addition to a decade-long legal battle with the IRS over the legitimacy of a $ 72.9 million tax refund, which Trump claimed. and received, after declaring huge financial losses. A contrary decision could, according to the investigation, cost him more than $ 100 million.
With financial challenges worsening, documentation shows that Trump is increasingly dependent on business income that puts him in direct or potential conflict of interest with his position as president, the investigation read.
The journalists, who promise to publish more articles on the investigation in the coming weeks, warn that the information in the tax documentation is only made up of data that Donald Trump disclosed to the IRS and not the conclusions resulting from an independent financial audit.
Alan Garten, a lawyer for the Trump Organization, responded to the investigation by saying that “most, if not all, the facts appear incorrect” and that “in the last decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, even since who announced his candidacy in 2015. “
