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New York Times Report Thrusts Trump Taxes Into 2020 Election Spotlight

VOA News

   Nearly four years after then-presidential candidate Donald Trump first
   faced questions about his income tax returns, the issue has returned to
   the forefront of the 2020 election as Trump and Democratic challenger
   Joe Biden prepare for their first debate Tuesday night.

   The New York Times[1]publishedalengthyreportonline Sundayshowing
   thatTrump, a billionaire who often has boasted of his business acumen,
   paid $750 in U.S. income taxesin both 2016, the year he ran for the
   presidency, and 2017, his first year in office.

   The newspaper said it reviewedtwo decades of Trump's tax returns and
   that they showed that the realestatetitan, reality TV show host and
   nowpoliticianlost hundreds of millions of dollars in his business deals
   that allowed himto write off income and pay nothing intaxesin 10 of the
   15 years before he ran for the White House.

   Trump, unlike all other U.S. presidents in the last five decades, has
   refused to disclose his tax returns, saying they were under audit by
   the country's tax agency, the Internal Revenue Service, although the
   IRS says that does not prohibit their disclosure by the taxpayer.

   Asked about the report, President Trump called it "totally fake news."

   The [2]New York Timesreportedthat over the last 20 years:

   -After factoring in a large refund, his average federal tax bill was
   $1.4 million per year

   -Mr. Trump had $73 million in revenue from abroad during his first two
   years in office

   -The president has more than [3]$400 million in debts, much of it
   coming due in the next four years

   The Times said the returns it reviewed were "provided by sources with
   legal access to it," and that it verified the information by comparing
   it to publicly available information and confidential records it had
   previously obtained.

References

   1. https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html?action=click&module=Spotlight&pgtype=Homepage
   2. https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
   3. https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html

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