Two days before the first Presidential TV debate, the New York Times just dropped a bomb on Donald Trump’s campaign.
The Times obtained several years of tax-return data for the Trumpster and it’s pretty much what everyone has expected:
Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.
He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed.
Also hanging over him is a decade-long audit battle with the Internal Revenue Service 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 more than $100 million.
Head over to the New York Times for much more.
Exclusive: The Times has obtained tax-return data for President Trump extending over more than two decades.
It shows his finances under stress, beset by losses that he aggressively employs to avoid paying taxes and hundreds of millions in debt coming due. https://t.co/gstfYLEe5V
— The New York Times (@nytimes) September 27, 2020
Bombshell from NYTimes on #TrumpTaxReturns just 2 days before first presidential debate. Billionaire Trump paid just $750 in federal taxes in 2016 and just another $750 in 2017. No taxes at all in 10 of previous 15 years. No wonder Trump didn’t want to release this! https://t.co/5liLizaGGw
— Larry Sabato (@LarrySabato) September 27, 2020
Trump reported $427 million income TOTAL between 2000 and 2019. Half from “The Apprentice”.
This guy is running around telling the world he’s a billionaire–building a brand on it–and not even two decades of pre-tax income gets him halfway there.#TrumpTaxReturns
— Charlotte Clymer 🏳️🌈 (@cmclymer) September 27, 2020
Donald Trump, a self-professed “billionaire,” pays only $750 a year in taxes…
While millions of working class Americans are struggling because Mitch McConnell & the Trump Administration won’t approve a relief bill in a pandemic that he also lied about. #TrumpTaxReturns
— AprilDRyan (@AprilDRyan) September 27, 2020
If Trump only pays $750 a year in taxes, we should only have to pay $750 a year in taxes. #TrumpTaxReturns
— Devin Duke (@sirDukeDevin) September 27, 2020
— Independent Thinker (@pradipnyc) September 27, 2020