DONALD Trump has ripped “totally fake news” after a New York Times bombshell report claimed he allegedly only paid $750 federal taxes in 2017.
Follow our US election 2020 live blog for the latest news & updates
The figures were reported on Sunday[/caption]
The president has previously fought to keep his returns private[/caption]
He told reporters: “I pay a lot. And I pay a lot of state taxes too.”
The reported reason that he did not pay the taxes over the decade is due to reporting losing more money than he had made.
Trump has previously fought to keep his tax returns private, with the president telling the Associated Press in 2015 that “there’s nothing to learn from them.”
The documents were obtained by the Times and cover over 20 years of data on Trump’s finances.
A lawyer for the Trump organization, Alan Garten, told the Times: “Over the past decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015.”
The outlet reported that the filings offer a “distorted picture” into the president’s finances. An example being in 2018 when Trump disclosed that he made $434.9million, when the tax records said he had $47.4million in losses.
Most read in News
Trump also reported paying taxes overseas in 2017 – however, these were drastically higher than the alleged $750 US contribution.
The outlet reported that Trump paid $750 in federal income taxes in his home country the year that he won the presidency and then again within his first year in the White House.
More to follow…
For the latest news on this story keep checking back at Sun Online.
The Sun is your go to destination for the best celebrity news, football news, real-life stories, jaw-dropping pictures and must-see video.