Trump paid no taxes for 10 out of 15 years

Trump paid no taxes for 10 out of 15 years

Donald Trump paid only $ 750 in federal taxes in 2016, the year he was elected to the White House, then as much in 2017, and has paid no taxes in 10 of the previous 15 years, according to a survey potentially explosive New York Times published Sunday.

The American president swept aside these revelations from the New York Times : “bogus information, totally invented,” he said during a press conference at the White House.

According to the New York daily, Donald Trump evaded tax “in large part because he declared more losses of money than gains”.

“I paid a lot, and I paid a lot of income taxes at the state level too, the State of New York taxes a lot”, on the contrary retorted, without further details, Mr. Trump. .

According to the New York Times , within the nebula of companies run by the business mogul, many of them have declared significant losses, including his golf clubs, tarnishing the image of the successful entrepreneur that Mr. Trump likes to give of himself.

The tax returns of the ex-real estate mogul who became president and candidate for re-election in November are at the heart of a legal battle, Donald Trump having always refused to publish them, contrary to custom.

“The New York Times has obtained tax information for over twenty years concerning Mr. Trump and the hundreds of companies that make up his group, including detailed information about his first two years in office. This does not include his personal income tax returns for 2018 or 2019, ”says the newspaper, which promises new revelations in the coming days.

Unlike all his predecessors since the 1970s, Donald Trump, whose family group is not listed on the stock exchange and who has made his fortune a campaign argument, refuses to publish his tax returns and leads a legal fight for prevent them from being disclosed.

Its lack of transparency fuels speculation on the extent of its wealth or on potential conflicts of interest.

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