Sunday, September 27, 2020

Trump didn't pay federal income tax for 10 of 15 years before 2016 election: NYT

Trump could prove his claim about paying taxes by releasing his tax returns, as other presidents have done, and as he promised he would do.  Since he lies all the time, why should anybody believe him about this?

If he released his tax returns, people he has done business with might let the IRS know that he lied on the tax returns.

President Trump paid no income taxes for 10 of the 15 years before he was elected president, with his income tax payments in 2016 and 2017 amounting to just $750, according to The New York Times, which obtained the president's tax information for the last 20 years.

The Times found Trump faces hundreds of millions in debt, struggling Trump Organization properties and a number of write-offs to avoid paying taxes.

In a statement to The Times, Trump Organization lawyer Alan Garten said "most, if not all, of the facts appear to be inaccurate” and reportedly took issue with the amount of taxes Trump has paid.

“Over the past decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015,” Garten told the Times.


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