WASHINGTON – US President Donald Trump paid only $ 750 in federal taxes in 2016, the year he won the presidential election, according to an investigation by The New York Times published Sunday into more than 20 years of statements. of taxes of the agent.
“He has not paid any income tax in ten of the previous fifteen years, largely because he has reported more losses than gains,” writes the American newspaper.
The newspaper said that Trump, who will seek reelection in November, paid only $ 750 in federal income taxes in both 2016 and 2017, and did not pay them in 10 of the last 15 years, despite receiving $ 427.4 million. dollars through 2018 for its television show and other promotions and licensing agreements.
Trump managed to minimize his tax return by reporting heavy losses in his business empire. The New York Times noted that the president posted $ 47.4 million in losses in 2018, despite reporting gains of at least $ 434.9 million in a financial report this year.
For his part, the Republican president quickly denied what was published by the New York newspaper and rejected the information on Sunday, calling it “total false news” in a press conference at the White House.
“They are false information, totally fabricated,” he said during a press conference at the White House. “I’ve paid a lot, and I’ve also paid a lot of income taxes at the state level, New York State collects a lot of taxes,” he added.
In a statement to The New York Times, Alan Garten, a lawyer for the Trump Organization, said that the president paid millions of dollars in personal taxes in the last decade, without evaluating the specific report on the income statement.
The former real estate mogul’s tax returns are at the center of a legal battle, as Trump has always refused to publish them as the president of the United States usually does.
” The New York Times has obtained tax information for more than twenty years on Mr. Trump and the hundreds of companies that comprise his group, including detailed information on his first two years in office. This does not include his personal income statements for 2018. and 2019, “says the newspaper, which promises new revelations in the coming days.
Unlike all his predecessors since the 1970s, Trump, whose family group is not publicly traded and who has made his fortune a campaign argument, refuses to publish his tax returns and is in a legal battle to prevent are disclosed.
His lack of transparency gives rise to speculation about the size of his wealth and possible conflicts of interest.