The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Official White House Photo by Tia Dufour

Reprinted with permission from Alternet

Donald Trump paid just $750 in federal income taxes in 2016, the same year he told his Democratic opponent, Hillary Clinton, during a presidential debate not paying taxes "makes me smart."


The New York Times reported the bombshell news Sunday evening, adding that in 2017 Trump against paid just $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," the Times adds, noting it has obtained the president's tax returns for the past two decades.

Today, Trump's "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 suggests Trump appears to be a con man.

"The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president."

Read the entire report at The New York Times.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

Close