The President Donald Trump’s Tax Return Information has shown years of tax avoidance as per a new report by New York Times. As per the report Mr. President has not paid his income tax for more than 10 years as he reported losing more money than his earning. As per the report Trump has paid $750 in 2016 and $750 in 2017, in his tenure in white house. And he is still battling with IRS over $72.9 million tax refund.
Donald Trump’s Tax Returns: Trump’s Tax Information
Donald Trump’s refund claim with IRS is on trending these days and if IRS won against him he have to pay $100 million.
The report on New York Times had the income tax return data of Donald Trump’s past 20 years. This data has all information related to his businesses and companies. It has the record of his two years’ returns as president, The report has mentioned that they will published the other information very soon.
Alan Garten the lawyer of Trump Organization said to Times ” most, if not all, of the facts, appear to be inaccurate” when presented with a summary of the Times’ report. After the Times did not provide Garten with the records to protect its sources, Garten took issue with the reporting of the taxes Trump 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”
As per New Your Times, the mentions of personal taxes by his lawyer may be pays like bills of Medication, tax for household employees, Social Security and more. The lawyer stated that Mr. Trump padi some taxes as ‘tax credits’ which the paper described as misleading credits which reduces his income-taxes.
The paper has also reported that Mr. President owes more than $300 million as loan which will be due in coming four or five years. But Donald Trump has stated this report as fake news on Press Conference and confirmed that he is under audit.
But actual fact is that Donald Trump is the first president since 1976, who has not rereleased his tax information’s.
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