Trump paid just US$750 in federal income tax in 2016:

Trump paid just US$750 in federal income tax in 2016:

Monday, September 28, 2020

Print this page Email A Friend!


U S President Donald Trump paid just US$750 in federal income taxes in 2016, the year he won the election, The New York Times (NYT) reported yesterday, citing tax return data extending more than 20 years.

It added that he also paid only US$750 in his first year in the White House, and he had paid no income taxes at all in 10 of the previous 15 years because he reported losing much more money than he made.

Trump immediately dismissed the report as “totally fake news”.

US presidents are not required by law to release details of their personal finances, but every one since Richard Nixon has done so.

Trump has broken with presidential tradition by refusing to release his returns, fighting a long battle in the courts and fueling speculation about what they might contain.

His tax returns, a key talking point in the 2016 election, have been a constant presence during his presidency and ahead of the November 3 election, when Trump is seeking a second term.

The New York Times said the tax data that it had seen “provides a road map of revelations, from write-offs for the cost of a criminal defense lawyer and a mansion used as a family retreat, to a full accounting of the millions of dollars the president received from the 2013 Miss Universe pageant in Moscow”.

The records “reveal the hollowness, but also the wizardry, behind the self-made-billionaire image”, it added.

Alan Garten, a lawyer for the Trump organisation, told the paper in response that “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”.

— Agence France-Presse


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaper-login


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT