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Donald Trump is said to have only paid $ 750 income tax in 2016, according to the New York Times

2020-09-27T23:17:44.772Z

Donald Trump makes a secret of his tax returns. But now the "New York Times" apparently has data on his finances: In ten out of 15 years he should not have paid any income tax.



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According to the New York Times, Donald Trump is said to have avoided tax payments because he reported more losses than profits

Photo: Chris Kleponis / POOL / EPA-EFE / Shutterstock

US President Donald Trump reportedly paid no federal income tax for several years.

The "New York Times" reports and refers to data from tax returns that the newspaper should have.

The data supposedly shed light on a two-decade period.

Trump liked to portray himself as a self-made billionaire prior to his election as president in 2016. In the same year, according to the New York Times, he is said to have paid only $ 750 in taxes at the federal level, the same amount a year later.

In ten of the past 15 years he is said to have avoided tax payments because he reported more losses than profits.

Trump's tax returns were a big topic in the 2016 election campaign: The former real estate mogul was the first US president since Richard Nixon (1969 to 1974) to refuse to disclose his tax returns.

Revelations shortly before the TV duel

The revelations now come at a critical time for Trump.

The president is campaigning against the Democratic challenger Joe Biden, and the first television duel is scheduled to take place on Tuesday.

The presidential election is scheduled for November 3rd.

The New York Times has announced further publications on Trump's tax payments.

Shortly after the first research was published, Trump spoke publicly of "fake news".

The New York Times quoted Alan Garten, a Trump attorney, in its article.

He said that "most of the facts, if not all, appear to be inaccurate".

The president has "paid tens of millions of dollars in personal taxes to the US government over the past decade, including millions in personal taxes since he announced his candidacy in 2015."

The NYT wrote that Garten was using the term "personal taxes" to mix income tax with other federal taxes.

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ptz / AFP / Reuters / AP

Source: spiegel

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