Donald Trump paid just $ 750 in income tax in 2016: report

0
6

Donald Trump paid just $ 750 in federal income tax in 2016, according to the report.

Washington, United States:

US President Donald Trump paid just $ 750 in federal income taxes in 2016, the year he won the election, The New York Times reported on Sunday, citing tax reporting data spanning over 20 years.

He added that he also only paid $ 750 in his first year in the White House and that he had not paid any income tax in 10 of the previous 15 years because he said he lost much more money than he earned.

US presidents are not required by law to disclose personal financial details, but everyone since Richard Nixon has.

Trump has broken with presidential tradition by refusing to release his statements, waging a long battle in the courts, and fueling speculation about what they might contain.

His tax returns, a key talking point in the 2016 election, have been a constant presence during his presidency and leading up to the November election, when Trump is seeking a second term.

The New York Times said the tax data it saw “provides a roadmap of disclosures, write-offs for the cost of a criminal defense attorney and a mansion used as a family retreat to an accounting complete millions of dollars the president received from the 2013 Miss Universe pageant in Moscow. “

The recordings “reveal the emptiness, but also the magic, behind the billionaire self-image,” he added.

Alan Garten, a lawyer for the Trump organization, told the New York Times in response that “over the past decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, including million personal taxes since the announcement of his candidacy in 2015. “

LEAVE A REPLY

Please enter your comment!
Please enter your name here