September 27, 2020 đźź  Major

NYT reveals Trump paid $750 in federal taxes in 2016 and 2017, $0 in 10 of 15 years

The New York Times obtained Trump's tax returns showing he paid just $750 in federal income taxes in both 2016 (the year he won the presidency) and 2017 (his first year in office), and paid zero federal income taxes in 10 of the 15 years before his election. The revelations exposed 'chronic losses' and showed Trump had personally guaranteed hundreds of millions in debt coming due. The Guardian noted the returns showed Trump 'paid $750 federal income tax payments in 2016, 2017' while NPR documented he 'paid no income taxes at all in 10 of the previous 15 years.' The Times noted the tax information 'does not reveal unreported Russia connections' but exposed massive debt obligations and potential conflicts of interest. Trump dismissed the reporting while refusing to release his returns, breaking decades of presidential transparency.

Categories

Offenses:
corruption disinformation
Domains:
governance economy
Tags:
#tax-returns#financial-fraud#transparency#debt#conflicts-of-interest

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