• D. Brit

NY Times Says Trump Paid No Income Taxes 10 of Last 15 Yrs


What Happened:

  • A new report released Sunday by the New York Times says President Donald Trump paid no income taxes for 10 of the last 15 years by claiming he lost significantly more than he made.

  • The Times says it was able to obtain Donald Trump's tax records for over two decades. The records revealed "struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due."

  • The report states that Trump paid only $750 in federal income taxes the year he won the presidential election as well as after his first year in the White House.

  • In a briefing on Sunday, Trump denied the report and claimed he paid "a lot" in federal income taxes. He added that he will be willing to release his tax records once he is no longer being audited by the IRS, something he has been saying since before his election in 2016.

  • The President walked out of the briefing after refusing to answer reporters' questions about how much he's paid in federal taxes.

  • Trump's income taxes have been a focal point for several years as he has refused to disclose his tax returns breaking precedent with previous presidential candidates.

  • Trump organization lawyer, Alan Garten, told the Times that "most, if not all, of the facts appear to be inaccurate" and requested a copy of the documentation

  • The NY Times has said they will not make Trump's tax-return data public as that would compromise its sources.

Developing Story

Photo Credit: The White House

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