A comprehensive investigation published during the night (Sunday through Monday) in the New York Times states that US President Donald Trump has not paid income tax in 10 of the last 15 years. According to the publication, the president, whose fortune is estimated at billions of dollars, avoided From the payment after claiming that his losses are significantly greater than his income.
For more updates and to send your stories – visit the news Facebook page
“Trump has not paid income tax at all in 10 of the last 15 years because he reported losing much more money than he earned,” the investigation reveals. In the main article of the newspaper.
The publication made heavy accusations against the president – and also raised problematic conduct of his family members. “His daughter Ivanka received a ‘counseling fee’ whose purpose was to reduce the family’s tax account,” the investigation said. “Even while declaring losses, he managed to enjoy a lavish lifestyle by defining personal expenses as business expenses – housing, aircraft and hair styling for him in the amount of $ 70,000 and other makeup services for his daughter in the huge amount of $ 95,000 thousand.”
The paper added: “In the last two decades, Trump has paid about $ 400 million less than the tax value that another person in his condition and financial status would have had to pay.” It is further reported that he earned $ 73 million for overseas transactions in his first two years in the White House, despite a commitment not to continue making new foreign transactions while he is president.
It was further revealed that in 2016, the year Trump won the presidency, he paid a tax of only $ 750 and the following year paid the same amount. The investigation is based on documents obtained by The New York Times that shed light on information the president himself provided to the U.S. Tax Collection Agency. The paper reported that Trump owns assets worth hundreds of millions of dollars – but they do not estimate his true wealth.
Following the revelation, the New York Times made it clear that it did not intend to publish the president’s tax return documents in order not to jeopardize the source “who took enormous personal risks in order to truly inform the public.” It should be noted that the investigation does not include Trump’s tax data for 2018 and 2019.
The president was quick to respond
At a news conference shortly after the publication, Trump denied the findings of the investigation. “This is absolute ‘Pike News’ – I pay a lot.” It should be noted, however, that unlike his predecessors, Trump never officially disclosed his tax records, so it is not possible to know for sure how much his fortune is estimated.
*The article has been translated based on the content of Source link by https://www.mako.co.il/news-world/2020_q3/Article-16e37864231d471027.htm
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!