The New York Times has obtained tax return records for President Trump covering more than two decades, and they show that Trump paid only $750 in federal income taxes in 2016 and 2017 and paid no federal income taxes in 10 of the last 15 years, primarily because he reported losing more money than he made.

Trump has not made his tax filings public, and the information made its way to the Times via sources with legal access to it. The filings contain information Trump disclosed to the Internal Revenue Service, but do not reveal his net worth. Trump has said his tax returns aren't as important as the annual financial disclosures he must submit as president; comparing the two, the Times found that in 2018, Trump put in his disclosure he made at least $434.9 million, while the tax records show he incurred $47.4 million in losses.

During Trump's first two years in the White House, he received $73 million from overseas operations. Most of this came from his golf properties in Ireland and Scotland, but it also included millions in licensing fees: $3 million from the Philippines, $2.3 million from India, and $1 million from Turkey. In 2017, the same year he paid $750 in U.S. income taxes, Trump paid $156,824 in taxes in the Philippines and $145,000 in taxes in India, the Times reports.

The tax returns show that since 2010, Trump has failed to pay back $287 million to lenders, and within the next four years, more than $300 million in loans that he is personally responsible for will come due. Trump Tower in Manhattan is what is helping keep Trump afloat, the Times reports — the retail and commercial space has delivered $336.3 million in profits since 2000.

Alan Garten, a lawyer for the Trump Organization, told the Times "most, if not all, of the facts appear to be inaccurate" in the newspaper's report, adding that over the last decade, 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." The Times notes when Garten says "personal taxes," he seems to be conflating income taxes with other federal taxes Trump has paid, like Medicare and Social Security.

Fantastically corrupt guy called Trump

No wonder his core fan base are redneck racist , Indians, and Nigerians


.

Trump the scammer

Jesus is coming soon))


They should leave that man alone

Tax avoidance is not tax evasion

solmus:
Fantastically corrupt guy called Trump

No wonder his core fan base are redneck racist , Indians, and Nigerians

Without much ado....

FarahAideed:
Tax avoidance is not tax evasion

Stealing is not corruption. smh

If I have a chance to avoid tax, I will. Tax avoiders are smart

solmus:




Fantastically corrupt guy called Trump

No wonder his core fan base are redneck racist , Indians, and Nigerians


.

Not all nigerians, just wailing ipigs

allthingsgood:


Not all nigerians, just wailing ipigs

Lol. You think I don't know, don't just want Ipobians wailing this early morning

graft dey everywhere my dude, Nigeria is just on another threshold of graft..

businessmen understand the whole tax system..

but workers will always complain.

listen in capitalism.. taxes are meant for the slaves which are the employees not for the employers who are the masters of capitalism..

so try and understand the economic system that ur society is operating per time.. Trump maynt b wrong.

Lecturebidz:


Without much ado....



Stealing is not corruption. smh

Tax avoidance entails using legitimate means to reduce tax liability. It is legal

Lol

edoairways:

Tax avoidance entails using legitimate means to reduce tax liability. It is legal

Stop saying rubbish. Donald Trump wannabe.
How could a whole president paid $750 as a Tax.
And why did he fail to declare his tax returns in 2016 before the election?
Why did Obama, Clinton and others didn't use the same Trump fraudulent means.

Trump asslicker

FarahAideed:
Tax avoidance is not tax evasion

Same thing as stealing is not corruption. Trump asslicker. You must defend your Lord and personal saviour

Okay

DedeNkem:
The New York Times has obtained tax return records for President Trump covering more than two decades, and they show that Trump paid only $750 in federal income taxes in 2016 and 2017 and paid no federal income taxes in 10 of the last 15 years, primarily because he reported losing more money than he made.

Trump has not made his tax filings public, and the information made its way to the Times via sources with legal access to it. The filings contain information Trump disclosed to the Internal Revenue Service, but do not reveal his net worth. Trump has said his tax returns aren't as important as the annual financial disclosures he must submit as president; comparing the two, the Times found that in 2018, Trump put in his disclosure he made at least $434.9 million, while the tax records show he incurred $47.4 million in losses.

During Trump's first two years in the White House, he received $73 million from overseas operations. Most of this came from his golf properties in Ireland and Scotland, but it also included millions in licensing fees: $3 million from the Philippines, $2.3 million from India, and $1 million from Turkey. In 2017, the same year he paid $750 in U.S. income taxes, Trump paid $156,824 in taxes in the Philippines and $145,000 in taxes in India, the Times reports.

The tax returns show that since 2010, Trump has failed to pay back $287 million to lenders, and within the next four years, more than $300 million in loans that he is personally responsible for will come due. Trump Tower in Manhattan is what is helping keep Trump afloat, the Times reports — the retail and commercial space has delivered $336.3 million in profits since 2000.

Alan Garten, a lawyer for the Trump Organization, told the Times "most, if not all, of the facts appear to be inaccurate" in the newspaper's report, adding that over the last decade, 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." The Times notes when Garten says "personal taxes," he seems to be conflating income taxes with other federal taxes Trump has paid, like Medicare and Social Security.

Why would any sane person post this trash from trashy The New York Times on Nairaland except the fellow has a head case. Since 2016 Trump came to office, his taxes are not even managed by Trump Organization. The government of USA manages his tax with little input from him. Trump has not received any salary from the government since he became the president. He donated his salary to the welfare groups. When Obama and Biden were president and vice president who were darlings of the trashy The New York Times, the duo collected more money from USA than they gave back. I hate liberals with passion. The dumbass liberals in North America and Europe can only delude idiotic Africans who seemed not to have minds of their own.

FarahAideed:
Tax avoidance is not tax evasion

Only Financially savvy people will understand this. Donald Trump is a very smart businessman. I applaud him.

DerideGull:


Why would any sane person post this trash from trashy The New York Times on Nairaland except the fellow has a head case. Since 2016 Trump came to office, his taxes are not even managed by Trump Organization. The government of USA manages his tax with little input from him. Trump has not received any salary from the government since he became the president. He donated his salary to the welfare groups. When Obama and Biden were president and vice president who were darlings of the trashy The New York Times, the duo collected more money from USA than they gave back. I hate liberals with passion. The dumbass liberals in North America and Europe can only delude idiotic Africans who seemed not to have minds of their own.

Crook in chief.

Afamed:

Stop saying rubbish. Donald Trump wannabe.
How could a whole president paid $750 as a Tax.
And why did he fail to declare his tax returns in 2016 before the election?
Why did Obama, Clinton and others didn't use the same Trump fraudulent means.

Trump asslicker

Shut up your putrid mouth. The silly question you posited in the above post should be directed to IRS (Internal Revenue Service). The goons, Obama and Clinton, you mentioned in the post received salaries from the USA while they were in the office. Trump has not received a cent from USA. The man is not as hungry as Obama and Clinton. He has donated his salaries to the welfare groups. By the way since Trump is a civil servant like any other American, his taxes are deducted from his paycheck. In addition, Trump takes nothing since he pledged to donate all his income as president to the needy. Since Trump became the president of USA, he has been separated from the dealings of Trump Organization for avoidance of conflict of interest. Africans need to grow up and stop silly sentiments readily expressed on polity.

DerideGull:


Why would any sane person post this trash from trashy The New York Times on Nairaland except the fellow has a head case. Since 2016 Trump came to office, his taxes are not even managed by Trump Organization. The government of USA manages b his tax with little input from him. Trump has not received any salary from the government since he became the president. He donated his salary to the welfare groups. When Obama and Biden were president and vice president who were darlings of the trashy The New York Times, the duo collected more money from USA than they gave back. I hate liberals with passion. The dumbass liberals in North America and Europe can only delude idiotic Africans who seemed not to have minds of their own.

May God bless u sir

222Martins:
Only Financially savvy people will understand this. Donald Trump is a very smart businessman. I applaud him.

A dumb businessman who has been losing money for decade?
Or a crooked businessman who lies about losing money to evade tax responsibilities
which is a criminal offence.

Only fraudsters will admire such a man.

DerideGull:


Why would any sane person post this trash from trashy The New York Times on Nairaland except the fellow has a head case. Since 2016 Trump came to office, his taxes are not even managed by Trump Organization. The government of USA manages his tax with little input from him. Trump has not received any salary from the government since he became the president. He donated his salary to the welfare groups. When Obama and Biden were president and vice president who were darlings of the trashy The New York Times, the duo collected more money from USA than they gave back. I hate liberals with passion. The dumbass liberals in North America and Europe can only delude idiotic Africans who seemed not to have minds of their own.

so you mean the US government also manages his personal businesses and deals with his private taxes? I still don't understand why Nigerians are so invested in what happens in America. Just look at how you reacted to this. Na wao

DerideGull:


Shut up your putrid mouth. The silly question you posited in the above post should be directed to IRS (Internal Revenue Service). The goons, Obama and Clinton, you mentioned in the post received salaries from the USA while they were in the office. Trump has not received a cent from USA. The man is not as hungry as Obama and Clinton. He has donated his salaries to the welfare groups. By the way since Trump is a civil servant like any other American, his taxes are deducted from his paycheck. In addition, Trump takes nothing since he pledged to donate all his income as president to the needy. Since Trump became the president of USA, he has been separated from the dealings of Trump Organization for avoidance of conflict of interest. Africans need to grow up and stop silly sentiments readily expressed on polity.

Trump doesn't know you exist. Trump asslicker

Xisnin:

Crook in chief.

Shut up your silly mouth and close dumbass stream of thought. No wonder Nigeria is called shithole and basket of fools. USA is not Nigeria. Before Trump became president, he was audited regularly due to spread of his business empire. Most Nigerians need to grow some brain cells. You sounded like a jackass who would claimed to be "Brown instead of Black" because one goofy European or North American had said you are "Brown".

DerideGull:


Shut up your silly mouth and close dumbass stream of thought. No wonder Nigeria is called shithole and basket of fools. USA is not Nigeria. Before Trump became president, he was audited regularly due to spread of his business empire. Most Nigerians need to grow some brain cells. You sounded like a jackass who would claimed to be "Brown instead of Black" because when goofy European or North American had said you are "Brown".

He was audited regularly but still failed to disclose his Tax returns in 2016.
Only God knows,who has looted your sense of reasoning
Dunde United, must you lick someone ass who does not know your existence?

Afamed:

Trump doesn't know you exist. Trump asslicker

I guess silly Obama, Clinton and Biden knew a ninny such as you existed. I am comfortable and do not need for Trump to know that I have existed. What an idiotic conjecture. It takes one moronic ass licker to recognize another.

OPPPS:

He was audited regularly but still failed to disclose his Tax returns in 2016.
Only God knows,who has looted your sense of reasoning
Dunde United, must you lick someone ass who does not know your existence?

Trump Organization cannot hide from IRS. Stop loading up on craps spewed by idiotic liberals who know nothing about business.

DerideGull:


I guess silly Obama, Clinton and Biden knew a ninny such as you existed. I am comfortable and do not need for Trump to know that I have existed. What an idiotic conjecture. It takes one moronic ass licker to recognize another.

You must defend your Lord and personal saviour no matter what. Dundee United.

DerideGull:


Trump Organization cannot hide from IRS. Stop loading up on craps spewed by idiotic liberals who know nothing about business.

Why did he fail to disclose his tax returns in 2016? Most of you, are pure half-baked

Tomorrow's Usa first presidential debate would be interested