NY Times reveals Trump's big tax avoidance

TEHRAN, Sep. 28 (MNA) – The American newspaper ‘New York Times’ in its latest report revealed US President Trump’s big tax evasion, saying that he paid only $750 in taxes in 2016.

The Times obtained Donald Trump’s tax information extending over more than two decades, revealing tax evasion, struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $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.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Trump is the only contemporary president who did not disclose his tax record.

The New York Times has obtained tax-return data extending over more than two decades for Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office. It does not include his personal returns for 2018 or 2019.

Alan Garten, a lawyer for the Trump Organization, said that “most, if not all, of the facts appear to be inaccurate” and requested the documents on which they were based. After The Times declined to provide the records, in order to protect its sources, Garten took direct issue only with the amount of taxes Trump had paid.

MA/PR

News Code 164066

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