The New York Times recently published a piece on Sunday stating that President Trump only paid $750 in federal income taxes in 2016 and during the first year of his administration, a report which the president vehemently denies is true.
This particular report, conveniently, comes out just two days prior to the very first presidential debate. Are Democrats trying to find some way to give Joe Biden a leg up in the event, knowing that he’s probably going to embarrass himself? It’s possible.
Here’s what Trump had to say via a report from The Washington Examiner:
Asked to respond to the New York Times’s reporting, Trump said the report about years of tax avoidance was not accurate, and he would release his tax returns once they are no longer under audit.
“That is fake news. That is totally fake news,” Trump said.
“Actually, I pay taxes. You will see that as soon as my tax returns, it’s under audit,” he added later. “It’s been under audit for a long time. The IRS does not treat me well. They treat me like the Tea Party, like they treated the Tea Party. And they don’t treat me well. They treat me very badly.”
The New York Times report also said Trump paid no federal taxes in 10 of the last 15 years “largely because he reported losing much more money than he made.” A lawyer for the Trump Organization, Alan Garten, told the outlet that “most, if not all, of the facts appear to be inaccurate” and claimed the president “has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015.”
The NYT went on to say that Garten asked them for the documents that contained the information they used for their report. They declined to “protect their sources.”
President Trump later went on to say that he has paid a substantial amount in local and state taxes, though he didn’t provide further specifics.
“I’ve paid a lot, and I’ve paid a lot of state income taxes, too,” the president said to reporters. “The New York state charges a lot, and I paid a lot of money in state [taxes]. It’ll all be revealed. It’s going to come out, but after the audit is done. They’re doing their assessment. We’ve been negotiating for a long time. Things get settled like in the IRS, but right now, when you’re under audit, you don’t do that. So we’re under audit, but the story is a total fake.”
This is likely just another attempt at assaulting the president and providing further aid to Biden who is not really hitting it off with voters across the country. Still can’t wait for the debate. Can you?