(Paywall)
Update: Trump has refuted the report
Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance (Published 2020)
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.
www.nytimes.com
Donald Trump hit by stunning New York Times tax returns report – as it happened
Paper says Trump ‘paid $750 in federal income taxes the year he won the presidency’ and another $750 in his first year in power
www.theguardian.com
?Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.
He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.
The Times report also reveals the financial pressure on Trump is mounting as he is personally responsible for loans and other debts totaling $421m, with most of it coming due within four years.
“Should he win re-election, his lenders could be placed in the unprecedented position of weighing whether to foreclose on a sitting president,” it reads.
The Times report also reveals the financial pressure on Trump is mounting as he is personally responsible for loans and other debts totaling $421m, with most of it coming due within four years.
“Should he win re-election, his lenders could be placed in the unprecedented position of weighing whether to foreclose on a sitting president,” it reads.
Update: Trump has refuted the report
Maybe he's just referring to the $72.9m tax refund that's subject of an audit."Actually I paid tax. And you'll see that as soon as my tax returns - it's under audit, they've been under audit for a long time," ...
"The IRS [Internal Revenue Service] does not treat me well… they treat me very badly,"
Donald Trump 'paid $750 in federal income taxes in 2016 and 2017' - NY Times
The New York Times alleges years of tax avoidance, a claim the US president calls “fake news”.
www.bbc.com
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