US President Donald Trump did not pay his income tax for 10 of the 15 years before the 2016 election, and only $750 the year he ran for the presidency and in his first year in the White House, a media report has revealed.
The New York Times newspaper revealed this information on Sunday after obtaining Trump’s tax information for the last 20 years, The Hill news website reported.
The Times said it reviewed tax returns relating to the President and the companies owned by the Trump Organization going back to the 1990s, as well as his personal returns for 2016 and 2017, reports the BBC.
It said the President paid just $750 in income taxes in both 2016 and 2017, while he paid no income taxes at all in 10 of the past 15 years, “largely because he reported losing much more money than he made”.
In a statement to the New York Times, Trump Organization lawyer Alan Garten said that “most, if not all, of the facts appear to be inaccurate”.
The Times said it reviewed tax returns relating to the President and the companies owned by the Trump Organization going back to the 1990s, as well as his personal returns for 2016 and 2017, reports the BBC.
It said the President paid just $750 in income taxes in both 2016 and 2017, while he paid no income taxes at all in 10 of the past 15 years, “largely because he reported losing much more money than he made”.
In a statement to the New York Times, Trump Organization lawyer Alan Garten said that “most, if not all, of the facts appear to be inaccurate”. ( IANS )
