New York Times: Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.
Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.
He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.
The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.
The New York Times has obtained tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office. It does not include his personal returns for 2018 or 2019. This article offers an overview of The Times’s findings; additional articles will be published in the coming weeks.
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WNU Editor: Instead of focusing on the Biden family receiving millions of dollars from a Russian billionaire that also involved hookers and God knows what else .... the New York Times rehashes President Trump's taxes.The difference between now and then is now they are saying he paid a few hundreds in taxes, unlike last year when the New York times claimed he received a massive refund because he lost over a billion dollars .... Trump racked up $1.1B in losses from 1985 to 1994: New York Times (ABC News).
More News On the New York Times Claiming To Have President Trump's Tax Returns For The Past 15 Years
NY Times: Trump paid $750 in US income taxes in 2016, 2017 -- AP
Trump paid no income taxes in 10 of last 15 years: New York Times -- Reuters
Trump didn't pay income tax for 10 of 15 years before 2016 election: NYT -- The Hill
US President Donald Trump paid no income tax for 10 years: report -- ABC News Online
Trump paid no income tax in 10 of the last 15 years, reports the NYT -- France 24
New York Times publishes Donald Trump's tax returns in election bombshell -- The Guardian
Democrats blast Trump after report reveals he avoided income taxes for 10 years: 'Disgusting' -- The Hill
Donald Trump 'paid $750 in federal income taxes in 2016' - New York Times -- BBC
18 Revelations From a Trove of Trump Tax Records -- DNYZ
Six key findings from the New York Times' Trump taxes bombshell -- The Guardian