US, court: Trump must hand over taxes to New York authorities
New accusations against Trump: "He inherited $ 1 billion by evading taxes".
White House: all false
Trump has not paid taxes for 18 years, legally.
Thanks to entrepreneurial flops of the 90s
Share
September 28, 2020 "Donald Trump, only paid $ 750 in federal income taxes in 2016 and another $ 750 in 2017. He hasn't paid any income tax in 10 of the previous 15 years, largely because he reported losing much more. money than what he earned ".
It is the scoop of the New York Times, which has obtained information on the tax returns made in the last 20 years by the American president, hitherto remained secret, despite the legal battle to bring them to light.
A scoop that ruins the party for the president the day after the controversial appointment of Judge Amy Coney Barrett to the Supreme Court and on the eve of the first TV duel with Joe Biden.
The president's finances - the NYT always says - would then be under stress, with hundreds of millions of debts linked largely to the management of the properties of the Trump Organization, the family empire.
In particular, Trump would be personally responsible for $ 421 million in loans and other debts, most of which would be repaid within four years.
He also has a "ten-year battle with the Revenue Agency over the legitimacy of a $ 72.9 million tax refund that he claimed and received after declaring huge losses. An adverse ruling could cost him over $ 100 million" , claims The New York Times.
The image that emerges from the study of tax returns tells "a fundamentally different story from the one he sold to the American public" continues the newspaper, "a businessman who collects hundreds of millions of dollars a year and yet accumulates losses. chronic which he uses aggressively to avoid paying taxes ".
The executive director of the NYT, Dean Baquet, explained the decision to publish the papers thus: "we believe that citizens should know as much as possible about their leaders and representatives, their priorities, their experiences and even their finances".
"Every president since the mid-1970s has published his own tax information - recalls Baquet - tradition ensures that a people-elect with the power to shake markets and change politics does not seek financial advantage from his actions. Trump, one of the richest presidents in the history of the nation, has broken with this practice "
Trump has always refused to make his tax returns public, despite requests also from congress and the judiciary.
The real income of the president, the NYT still writes, remains a mystery: "The information we know of is that given by Trump himself to the tax authorities, not the result of an independent investigation. How much his assets really amount to nobody knows ".
Trump dismissed the NYT revelations as "absolute fake news." For the Trump Organization lawyers, the NYT scoop is "inaccurate": in recent decades - it is explained - the president has paid tens of millions of dollars in personal taxes to the government federal, including millions of dollars since he announced his candidacy in 2015.