Monday, September 28, 2020

Donald Trump paid just $750 federal income tax in 2016, New York Times reports

Donald Trump paid just $750 federal income tax in 2016, New York Times reportsDonald Trump paid just $750 (£587) in federal income taxes in 2016, the year he won the US presidency, according to a bombshell investigation by The New York Times. The US president paid the same amount again in 2017, his first year in the White House, according to the paper, which obtained details of his tax return data. The paper also claimed that Mr Trump paid zero federal income taxes in 11 of the 18 years it was able to scrutinise, partly because of losses made in his businesses. The report comes after years of Mr Trump defying recent political precedent by refusing to publish his tax returns, citing an on-going audit to justify keeping them secret. It dropped less than two days before Mr Trump faces Joe Biden, the Democratic presidential nominee, at the much-anticipated first head-to-head debate of the election campaign.




from Yahoo News - Latest News & Headlines https://ift.tt/3434I7b

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