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Trump rips ‘totally fake news’ after New York Times bombshell report claimed he ‘only paid $750 federal taxes in 2017’

0 2 months ago

DONALD Trump has ripped “totally fake news” after a New York Times bombshell report claimed he allegedly only paid $750 federal taxes in 2017.

During his press briefing at the White House, just one hour after the alleged figures were published, the president denied the claims.

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AP:Associated Press

The figures were reported on Sunday[/caption]

Getty Images – Getty

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 New York Times article also claimed that Trump has paid no income taxes at all in the past 10 years.

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.

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.

However, Trump or his companies paid $15,598 in Panama, $145,400 in India and $156,824 in the Philippines, the Times reported.

More to follow…

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