Breaking US President Donald Trump paid just $750 in federal income taxes in 2016, The New York Times has reported, citing tax return data extending more than 20 years.
US President Donald Trump paid just $750 in federal income taxes in 2016, The New York Times has reported, citing tax return data extending more than 20 years.also found he also paid only $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.US presidents are not required by law to release details of their personal finances, but every one since Richard Nixon has done so.
Mr 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 November's election, when Mr 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 New York Times 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."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump paid just $750 in US income taxes in 2016, 2017: reportPresident Donald Trump paid no federal income taxes in 10 of the past 15 years, according to a report in the New York Times.
Read more »
Donald Trump plans to nominate conservative judge Amy Coney Barrett to Supreme Court, sources sayThe nomination could help Mr Trump cement a key part of his presidential legacy - making the federal judiciary move conservative - while also energising his core supporters ahead of the election.
Read more »
Donald Trump nominates Amy Coney Barrett for Ruth Bader Ginsburg's Supreme Court seatDespite debate raging over whether he should honour Ruth Bader Ginsburg's dying wish to leave her Supreme Court vacant until after the election, Donald Trump names the 48-year-old devout Roman Catholic judge as her replacement.
Read more »
Donald Trump announces conservative judge Amy Coney Barrett as his Supreme Court pickPresident Donald Trump on Saturday announced conservative appellate judge Amy Coney Barrett as his third US Supreme Court appointment, setting off a scramble in the Republican-led Senate to confirm her before Election Day.
Read more »
Donald Trump reveals Supreme Court pickPresident Donald Trump on Saturday nominated Amy Coney Barrett to the Supreme Court, picking a strong conservative to replace the late liberal justice Ruth Bader Ginsburg.
Read more »
Donald Trump 'strongly demanding' Joe Biden take drug test for first face-to-face debatePresident Donald Trump demanded on Sunday that his Democratic rival Joe Biden take a drug test for their first debate, which will bring them face to face for the first time in the volatile US presidential campaign.
Read more »