Representative Image

NYT: Trump avoided taxes in 10 of 15 years

Sep 28, 2020

Washington DC (USA), September 28: The New York Times reports that US President Donald Trump paid no income taxes for 10 of the 15 years before he won the presidency. He has denied the report.
The US newspaper says it has obtained tax-return data extending over more than two decades for Trump and companies that make up his business organization. The daily published its analysis of the data on Sunday.
The report says Trump paid 750 dollars in federal income taxes in 2016, the year he won the presidential election. The report says he paid another 750 dollars in 2017, when he took office.
The Times says Trump paid no income taxes at all in 10 of the previous 15 years, largely because he reported losing much more money than he made.
Trump told reporters at the White House on Sunday that the report is "totally fake news."
Trump said people will learn much more if they look at public filings he has made. He expressed his willingness to release his tax-return data after authorities' audit is done.
Recent US presidents have voluntarily made their tax-return documents public. But Trump has so far declined to release his data, saying he is under audit.
The New York Times had previously reported that Trump's tax returns from 1985 to 1994 showed massive losses that allowed him to avoid payment in 8 of the 10 years.
The newspaper says additional articles on Trump's tax documents will be published in the coming weeks.
Source: NHK World