Bombshell: NY Times Got Trump Tax Returns — And He Paid Almost Nothing

Donald Trump
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 atThe New York Times.

From Your Site Articles
Related Articles Around the Web

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

How Is That Whole 'Law And Order' Thing Working Out For You, Republicans?

Former Georgia Republican Party chair David Shafer

One of the great ironies – and there are more than a few – in the case in Georgia against Donald Trump and 18 co-defendants is the law being used against them: The Georgia RICO, or Racketeering and Corrupt Organizations Act. The original RICO Act, passed by Congress in 1970, was meant to make it easier for the Department of Justice to go after crimes committed by the Mafia and drug dealers. The first time the Georgia RICO law was used after it was passed in 1980 was in a prosecution of the so-called Dixie Mafia, a group of white criminals in the South who engaged in crimes of moving stolen goods and liquor and drug dealing.

Keep reading...Show less
Joe Biden
President Joe Biden

On September 28, House Republicans held their first impeachment inquiry hearing into an alleged yearslong bribery scandal involving President Joe Biden and his family, and right-wing media were divided on whether it landed.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}