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The New York Times has had access to Donald Trump’s tax returns for the past two decades. They show that the president only paid income tax for five of the last 15 years. During the years that Trump did not collect taxes, he claimed that he lost more money than he made.
In 2016, when Donald Trump won the presidential election, he paid $ 750 in income taxes. This corresponds to SEK 6,854. The following year, when he entered the White House, he paid another $ 750, according to the New York Times.
The newspaper writes that the tax documents show “chronic losses and years of tax planning.”
New York Times reveal – in summary
The New York Times has had access to Donald Trump’s tax returns for the past 20 years. According to the newspaper, the documents show “chronic losses and years of tax planning.”
For example, the president paid only $ 750 in income taxes in 2016 when he became president. For ten of the last 15 years, you did not pay any income tax.
Donald Trump denies the information during a press conference:
– The New York Times wants to create something, they do everything they can … what they write is so false.
Million dollar debt
According to the New York Times, the statements point to large economic losses. There are debts of between 300 and 400 million dollars, corresponding to 2.7 and 3.6 billion crowns, respectively.
Donald Trump is said to have planned the taxes in “dubious ways.” The New York Times points to a tax refund of $ 72.9 million, nearly $ 666 million, which is now being reviewed by the US Federal Internal Revenue Service (IRS).
In addition, there is a request for tax deductions on expenses such as accommodation and air. At one point, Trump is said to have asked for a deduction because he combed his hair before a television appearance. The deduction was $ 70,000, corresponding to almost 640,000 crowns.
The New York Times writes that Trump increasingly relies on his business to cover his debts. These are said to be “potentially and often in direct conflict of interest with his position as president.”
The newspaper highlights that in addition to Donald Trump’s own tax returns, information has been obtained from hundreds of his companies. The documents are what the president himself presented to the IRS.
Trump’s response: the IRS treats me badly
During a press conference at the White House, Donald Trump denies the information.
– It’s fake news, it’s completely false. I paid taxes, says Trump.
– I pay a lot, I pay a lot of state tax, among other things, he continues.
The president also criticizes the IRS:
– The IRS does not treat me well, they treat me very badly. The New York Times wants to create something, they do everything they can … what they write is so false.
Before Donald Trump announced his candidacy for the 2016 election, he promised to publish his tax returns. Later, however, he turned the matter around and claimed that he could not because the returns were reviewed by the IRS.
When the issue came up again, the president has stated that people do not care about information and that “there is nothing to learn from it.”
The year Donald Trump was elected president, he paid just $ 750 in federal income taxes. Reports the New York Times, which has gained access to the president’s tax returns.
