The newspaper New York Times published this Sunday the investigation called “The President’s Taxes”(President’s taxes), with disclosures about the payment of taxes from Donald Trump.
As reported by the newspaper, Trump paid $ 750 in federal taxes in 2016, year in which he won the elections against Hillary Clinton; while she paid others $ 750 in 2017, first year in the White House.
“I had not paid any income tax in 10 of the previous 15 years, in large part because he reported losing much more money than he was making, ”the outlet added.
The investigation arises in the middle of the presidential campaign where Trump is betting on being reelected; however, polls put him behind his rival, the Democrat Joe Biden, ahead of the November voting. Also, this Tuesday there are debate Between both.
The New York newspaper also reported that Trump is currently having an audit battle with the US Internal Revenue Service, this over the legitimacy of a tax refund of $ 72.9 million he received. after declaring huge losses. A defeat would cost him more than 100 million local currency.
Alan Garten, a lawyer for the Trump Organization, told the newspaper that the president “during the last decade has paid tens of millions of dollars in personal taxes to the federal government, including the payment of millions in personal taxes since he announced his candidacy in 2015. “
However, according to the Times, when speaking of “personal taxes” the professional I would be combining taxes about income with others like social security, health insurance, and taxes for your household employees.
In the report, the differences in the statements made by Trump and in what really declares to pay tax. For example, in 2018 the president said he had earned 434.9 million dollars. But, the tax records recorded $ 47.4 million in losses.
In addition, unlike his own country, in 2017 he paid $ 15,598 in taxes in Panama, the 145,400 in India and 156,824 in Philippines. This on behalf of themselves and their companies.
“We publish this report because we believe that citizens should understand as much as possible about their leaders and representatives: their priorities, their experiences and also their finances. Every president since the mid-1970s has made their tax information public (…) Trump, one of the richest presidents in the nation’s history, has broken with that practice“Stated Dean Baquet, executive editor of the Times.
Baquet refers to Trump, unlike his predecessors, refusing to publish his tax returns and, along with it, opened a legal battle to prevent them from being disclosed.