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5 months ago|8 views

Trump pushes back on NYT report that he paid $750 in federal income tax

NOW - Hot News
NOW - Hot News
Trump pushes back on NYT report that he paid $750 in federal income tax

President Trump on Sunday pushed back on a New York Times report that said he paid $750 in federal income tax in both the year he won the presidency and his first year in the Oval Office — insisting that he “paid a lot” to Uncle Sam.“It’s fake news. It’s totally fake news, ” said Trump in a wide-ranging White House press briefing. “Made up. Fake. ”The Times, which said it obtained long-sought tax information for the president, reported Sunday that in 11 of the 18 years for which it examined records Trump paid no federal income taxes at all, in part because he reported overall financial losses. Despite earning at least $434. 9 million in 2018, according to his financial disclosures, Trump in his tax filings reported a $47. 4 million loss. Losses in the property businesses solely owned and managed by Trump appear to have offset income from his stake in the television show “The Apprentice” and other entities with multiple owners.
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