Trump: Low taxes, high debts, and $ 70,000 in hair salon

Activist Mike Hisey, disguised as Trump dressed in a prison suit reading the 'Times' in front of the door of the New York newspaper, this Monday.CARLO ALLEGRI / Reuters

Less than 40 days before the elections that could revalidate his position in the White House, the exclusive revelations of

about Donald Trump's finances and his relationship with the Treasury leave headlines that draw the president of the United States away from the

of the businesses that he claims, expose that he has benefited tax from their bankruptcies and that he owes more than 400 million dollars in loans that will mature in the next few years.

These are some of the conclusions reached by the

, whose editor, Dean Baquet, has written in a letter to readers that it is the work of a group of editors for almost four years and that there will be additional publications in the days that are to come.

Due to his many ruinous businesses, the president used those losses over the years to avoid paying a single dollar to the US treasury.

That was the figure that the president paid to the IRS (Internal Revenue Service, acronym in English of the US Treasury) in that year, when he won the presidential election to Hillary Clinton, and the same amount that he paid in 2017, being already president of the nation.

The average US citizen pays in federal taxes is around $ 12,200, according to information from the IRS itself.

As the New York newspaper elegantly reports, “Trump classified many of the expenditures from his lavish way of life as business expenses.

Those outlays included residencies, air travel and $ 70,000 for a hair stylist for his television appearances. "

Since he was a candidate for the presidency, Trump has benefited from large amounts of money from lobbyists, politicians or leaders of authoritarian countries who have paid to spend the night in their hotels or play on their golf courses.

For example, his club in Mar-a-lago, in Florida, saw the number of members increase dramatically since the president occupies the White House.

In this case, the president even took the opportunity to considerably increase the quota for new members.

The enormous success he had as host of

(

), the famous reality TV show in which President today, in the role of business guru, I

reasoned proposals for aspiring entrepreneurs.

It brought him huge profits that he used to buy up to more than 10 golf courses and other properties.

The losses suffered by those businesses were used to reduce the amount of taxes he had to pay.

That strategy went into dry dock when the program began its decline in 2015.

The president requested a refund to the Treasury due to the poor performance of his casino in Atlantic City (New Jersey) and assured that he had ceded all his shares.

However, according to the

, the story told by Trump is far from the truth.

According to a federal law, an investor can declare total losses and not pay taxes as long as he does not receive any money from the treasury in return.

But the president, always according to the newspaper's information, did receive a return of funds.

In 2011, the IRS opened an audit to review the legality of that refund of about 73 million.

Almost a decade later, the case remains unsolved for unknown reasons, but it could end up in federal court, in which case it would be in the public domain.

It is not new that the president owes Deutsche Bank hundreds of millions of dollars.

That debt will be more problematic for Trump if he is reelected president, as he is individually responsible for more than $ 420 million.

According to the

, the president may be hiding behind the federal government to circumvent lenders.

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