$ 70,000 in hairdressing: Donald Trump’s taxes in numbers | US News



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The shocking claim that Donald Trump paid only $ 750 in federal taxes has dominated the headlines after a New York Times report on his financial affairs, but it is far from the only surprising sum the documents expose. Here are some of the key figures:

$ 750

The federal tax Trump paid in 2016, when he won the presidency.

$ 750

The federal tax Trump paid the following year.

Zero

Federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015.

$ 100,000 a year

By comparison, the kind of figure that Trump’s predecessors Barack Obama and George W Bush routinely pay in federal taxes.

$ 70,000

Paid for styling Trump’s hair for television, claimed as expenses.

$ 95,464

The total sum that nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair.

$ 210,000

The amount amortized as expenses to hire a photographer taking pictures at the Mar-a-Lago club.

$ 26subway

The “consulting fees” charged as business expense between 2010 and 2018, at least some of which appear to have been directed at a company co-owned by Ivanka Trump.

$ 434subway

What Trump stated were his earnings in the 2018 presidential public annual financial disclosure.

$ 47.4m in losses

What you had reported to the Internal Revenue Service (IRS) for tax purposes during the same period.

$ 421subway

Outstanding loans that Trump owes, most of which are due in the next four years.

$ 73subway

Income generated outside of the US, presenting a potential conflict of interest with US foreign policy.

$ 13subway

Obtained in a licensing agreement for Trump Towers in Istanbul, which includes $ 1 million since he assumed the presidency.

$ 72.9subway

The tax refund that Trump claimed and was awarded, which is now the subject of a decade-long audit battle with the IRS. It covered all the federal taxes you had paid between 2005 and 2008.

$ 1.4subway

The average annual amount of federal tax paid by Trump between 2000 and 2017. It compares to the $ 25 million in federal income taxes that the average American with similar reported earnings could expect to pay.

$ 100subway

The amount that Trump may now have to return to the IRS, including penalties, if found against him in the audit.

$ 315subway

The sum reported as “lost” by Trump’s golf courses since 2000.

‘Tens of millions of dollars’

What Alan Garten, a lawyer for the Trump Organization, claims the president has paid personal taxes since 2015.

Over 500

The number of individual companies, many of which bear the Trump name, that make up the nebulous corporate network generally known as the Trump Organization.

  • The president has denied the reports, describing them at a press conference at the White House on Sunday as “fake news.”

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