The New York Times, the nation’s most influential news outlet, thinks it will explode during the upcoming US presidential election. According to the newspaper, Trump has not paid income tax for 10 of the last 15 years.
In 2016 and 2017, he paid income tax for only he 650 for two consecutive years. In 2016, he was elected president. He paid the same amount of tax during his one-year term as US President the following year.
The New York Times reports that he has all the documents, which indicate that Trump did not pay taxes. And Trump has dismissed this news as fake news. “I actually paid income tax,” Trump told reporters. Which is being audited. The audit has been going on for a long time. ‘
Putting the blame on tax officials, Trump said, “tax officials are not treating me well.” They are treating me very badly. ‘
Trump has not released his income tax return. He is the first US president since 1980 to not file income tax returns. This, of course, is not what he is obliged to do under the law. However, other US presidents usually filed their income tax returns for transparency.
The New York Times also reports that the Internal Revenue Service has been at loggerheads with Trump for a decade. Trump has demanded a tax refund of 62.9 million, citing his huge losses. This is the dispute. The newspaper claims that they are aware of the income tax returns of Trump and his companies for the past two decades. After examining these documents, he felt that a lot of questions were bound to arise.
Although he wants a tax refund for the loss of his business, in fact he owns too much property. But Trump claims his golf course and hotel cost billions of dollars a year. He claims that his largest golf course resort in Miami suffered a loss of 162.3 million in 2016. In addition, two golf in Scotland and one in Ireland lost 63.3 million. In the next four years, it will have to repay 300 million in loans and other loans. Trump had been demanding a tax refund for a long time.