Six details about Trump's tax troubles, according to the New York Times | Inquirer News

Six details about Trump’s tax troubles, according to the New York Times

/ 12:05 PM September 28, 2020

Washington, United States The New York Times on Sunday published a major report into US President Donald Trump’s federal income tax affairs, weeks ahead of the November 3 election when he hopes to win a second term.

Here are some of the allegations made by the paper, which said it had viewed tax data dating back 20 years.

  • Trump paid no federal income taxes in 11 of 18 years that the paper examined
  • In 2017, after he became president in the 2016 election, his federal income tax bill was only $750
  • He reduced his tax bill via a $72.9 million tax refund that is the subject of an Internal Revenue Service audit
  • Many of his golf courses report losing large amounts of money
  • Hundreds of millions of dollars in loans he personally guaranteed will soon be due for repayment
  • He took tax deductions on residences, aircraft and $70,000 in hairstyling for television

RELATED STORY

NY Times: Trump paid $750 in US income taxes in 2016, 2017

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Donald Trump, Election, Politics, Taxation, vote

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.