In a report that Trump dismissed as "fake news," the Times said the Republican president also paid no federal income taxes in 10 of the previous 15 years through 2017, despite receiving $427.4 million through 2018 from his reality television program and other endorsement and licensing deals.
The disclosure of previously private tax information came little more than a month before the Nov. 3 election between Trump and Democrat Joe Biden. Democrats were quick to seize on the report to paint Trump as a tax dodger and raise questions about his carefully groomed image as a savvy businessman.
Senate Democratic leader Chuck Schumer took to Twitter to ask Americans to raise their hands if they paid more in federal income tax than Trump.
Calling the report "total fake news" at a White House news conference, Trump again cited an ongoing audit as his reason for not releasing his returns. In a statement to the Times, Alan Garten, a lawyer for the Trump Organization, said Trump had paid millions of dollars in personal taxes over the last decade, without weighing in on the specific finding of minimal income taxes.
Trump's consistent refusal to release his taxes has been a departure from standard practice for presidential candidates. He is currently in a legal battle with New York City prosecutors and congressional Democrats who are seeking to obtain his returns.
He also previously indicated he preferred to minimise his tax bill, saying in a 2016 presidential debate it made him "smart."
The Times reported that Trump was able to minimise his tax bill by reporting heavy losses across his business empire. It said he claimed $47.4 million in losses in 2018, despite saying he had income of at least $434.9 million in a financial disclosure that year.
The Times emphasized the documents reveal only what Trump told the government about his businesses, and did not disclose his true wealth.
The Times said it had obtained tax-return data covering over two decades for Trump and companies within his business organization. It did not have information about his personal returns from 2018 or 2019.
The Times also reported that Trump was currently embroiled in a decade-long Internal Revenue Service audit over a $72.9 million tax refund he claimed after declaring large losses. If the IRS rules against him in that audit, he could have to pay over $100 million, according to the newspaper.
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"The disclosure of previously private tax information came little more than a month before the Nov. 3 election between Trump and Democrat Joe Biden", so this is little more than a smear campaign this close to the US election.
Well if tRump had a shred of honesty about him he would have released these documents in 2016, so stop trying to blame the release date on anyone but tRump.
Now we start to see what a loser he is, and this is just the tip of the iceberg. This so called billionaire is in debt for over 400 million dollars, we need to know who owns him. To whom is he in debt? My bet is it goes back to Putin through a web of Russian real estate operatives. How else do you explain his relationship with Putin?
Sounds like you are a real expert on the subject! How many US tax returns have you filed exactly? A lot less than me I wager! Someone from the IRS leaked Trump's tax return illegally. The NY Times wrote a story about the leaked information. Tax avoidance is not the same as not paying taxes. Tax avoidance is not a criminal offense. In the American tax system, all Americans have the opportunity to use tax deductions to reduce their taxable income. All Americans use the exact same loopholes Trump did; it's not about not paying taxes, it's about reducing your taxable income legally. Hey, if you want to pay more tax: Good on you mate! Americans gained their independence by fighting "taxation without representation". I'll pay my fair share but not a penny more! I notice you make no comments about Biden and Burmisa? I guess in your book, tax avoidance is worse than blackmail and bribes? What about Bidens' son involvement in sex trafficking? I guess anti-nazi's don't care about sex trafficking just the non-existent fascist. No matter what the dimocrats throw at Trump, he will be reelected.
Got a couple of quick questions for you. First, how many Noble Peace Prizes have you been nominated for? Second, what is your net worth? I guess I am confused about your definition of a loser?
Yeah but "what about her e-mails!!!11!"
Well according to the anti-Trumpers, he is a failed, bankrupted businessman anyway, so it all makes sense now right? No taxes need to be paid... lol
Oh, and just to burst their sanctimonious, little woke bubble even further, the NYT report also found that, quote - "Nor do they reveal any previously unreported connections to Russia" Sorry ladies, better luck next time.
I am a proud anti-tRumper. I am also a proud anti-Nazi. And it is for exactly the same reasons.
Yet comparing Trump to Hitler, just shows extreme left-wing driven arrogance, and reeks of misguided liberal propaganda. None of this applies to Trump’s America. There are no parallel party structures competing with the normative state. However, comparing the Democrats and Biden, to Marxism (Soros) would be far more accurate interpretation.
A proud anti-Nazi? "Fascism" has been an all-purpose insult for many years now. Trump doesn't qualify as a fascist. Rather, he's a right-wing populist. He doesn't want to overthrow the existing democratic system. He doesn't want to scrap the Constitution. He doesn't romanticize violence itself as a vital cleansing agent of society. Fascists support the revolutionary overthrow — ideally through violence — of the state's entire system of government. Golden Dawn, the far-right party in Greece that draws direct inspiration from the Nazis. They are one of the few fascists groups in existence. It is utterly bizarre that someone would compare Trump to Hitler or the Third Reich. These comparisons say more about those making [them] than about Trump! Wielding accusations of fascism as an insult doesn't help to get your audience on your side - instead, you raise the stakes of the debate, forcing a polarisation between 'good' and 'evil' into a discussion that may have reasonable positions on both sides. This is a big mistake, because any attention you get will be drawn to the use of that word, rather than to the nitty gritty of the topic at hand. You are a proud anti-Trumper but thats about it
I didn't compare tRump to Hitler. I just pointed out that the reasons I hate Nazis happen to be the exact same reasons that I hate tRump.
But tRump has in the past said that he keeps a copy of Mein Kampf on his bedside table, so there is that I suppose.
tRump is a White Supremacist, a Liar, and a Coward, who molests women. And those are his good points.
Have you seen the lesbian photo shoot pics of Melania? it's no wonder those evangelist Christians love her.
To compare the Trump to Hitler Ad-nauseam, just shows the paranoid, tin-foil hat, group-think arrogance of the easily fooled left.
The United States in 2020 is not the same as Germany in 1933. None of this applies to Trump’s America. There are no parallel party structures competing with the normative state.
However, a perfect example of Marxism, would be the Soros backed Democrat party.