Trump Tax Returns Renew Questions of President's Real Worth
A New York Times investigation found President Donald Trump paid only $750 in federal income taxes in the year he won the presidency, another $750 in his first year in the White House and no income taxes at all in 10 of the last 15 years. Trump has pushed back, claiming the reporting is "fake news." Trump said in a scheduled White House press briefing Sunday the report is "made up" and he actually "paid a lot" in taxes. He did not provide a specific amount.
President Trump's reported tax returns allegedly show a history of business losses and utilizing tax loopholes that have shielded him from paying federal income taxes for years. According to tax attorney Suzanne Garment, these alleged tactics are not uncommon for the wealthy and connected — but the extent to which Trump is accused of avoiding taxes makes him an outlier. Sen. Kamala Harris and VP Mike Pence sparred over President Trump's reported tax returns at the vice presidential debate on Wednesday. Rep. Hakeem Jeffries slammed President Trump over the New York Times report on his tax returns during remarks on progress on a COVID-19 stimulus bill. President Trump returned to the Oval Office for the first time since testing positive for Covid-19 on Thursday. Trump's physician, Dr. Sean Conley, reports the president's been "symptom-free for over 24 hours."