- Shortly before the US presidential election, a report in the New York Times draws attention to the finances of US President Donald Trump.
- The newspaper wrote on Sunday, among other things, that the US president only paid $ 750 federal income tax in 2016 and 2017.
- Trump described the report as “total fake news”.
He will publish his tax returns when the IRS audit, which has been ongoing for years, has been completed. “The IRS doesn’t treat me well. You treat me very badly, “said the US President.
The “New York Times” got access to Trump’s tax documents from previous years. This shows, among other things, that in ten years from 2001 to 2015, given the high reported losses, he would not have paid any income taxes, the newspaper wrote. Trump said, “I’ve paid a lot, I’ve also paid a lot of taxes to the state, New York state charges a lot.”
The New York Times did not publish original documents. She explained this by saying that she wanted to protect her sources. That would be a justified precaution: for example, printed documents can contain digital watermarks that are invisible to the human eye and that can be assigned to a specific printer.
Tax data not known
In the US, it is common for presidential candidates to disclose their tax information – but Donald Trump never did. Trump had not published his tax return in the 2016 presidential election campaign, including with reference to the IRS auditing. “It will all be published, it will all come out, but after the exam,” he said at the time.
The president is currently defending himself in a court in New York against an attempt by attorneys from Manhattan to gain access to his tax documents. According to the New York Times, an IRS audit reveals a tax refund of $ 72.9 million, which he received after heavy losses.
Pressure on Trump is increasing
- The detailed report in the New York Times could increase political pressure on Trump to provide the public with information about his finances.
- The documents show, among other things, that he is personally liable for debts of $ 421 million, of which more than $ 300 million would be due in the next four years, the newspaper wrote.
- For Trump, the publication also poses an image problem. For years he has presented himself as a successful and skilled businessman.
- The Democrats quickly picked up the report in the election campaign. Biden’s campaign team promptly started selling stickers on his side that read: “I paid more income taxes than Donald Trump.”
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