The Hill - September 27, 2020
President Trump paid no income taxes for 10 of the 15 years before he was elected president, and his income tax payments in 2016 and 2017 amounted to just $750, according to The New York Times, which obtained the president's tax information for the last 20 years.The Times found Trump faces hundreds of millions of dollars in debt and struggling Trump Organization properties, and has taken advantage of a number of write-offs to avoid paying taxes.In a statement to the Times, Trump Organization lawyer Alan Garten said that "most, if not all, of the facts appear to be inaccurate" and reportedly took issue with the amount of taxes the Times reported that Trump has paid.
“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,” Garten told the Times.
Trump himself also denied the Times's reporting during a press conference on Sunday, calling the story "totally fake news."
"The IRS does not treat me well. They treat me like the Tea Party," he continued referring to claims from GOP figures that the Internal Revenue Service (IRS) targeted GOP-leaning groups during the Obama administration.
The Times's reporting revealed that the president faces payments on more than $300 millions in loans that will become due in the next few years, while revenue from his time hosting "The Apprentice" on NBC has largely dried up and he has largely sold his stock portfolio. ...
Read full report at The Hill