A new report from The New York Times has revealed the tax returns of President Donald Trump. The report indicates that the New York native paid $750 in taxes in 2016 and 2017. Prior to his election, the report hints that he paid no income taxes in 10 of the previous 15 years.
The scathing report also examines the financial status of Trump’s core businesses and imprints including The Apprentice and Trump Hotels.
“Most of Trump’s core enterprises report losing millions, if not tens of millions, of dollars year after year,” Russ Buettner, Susanne Craig and Mike McIntire of The New York Times writes.
“His revenue from The Apprentice and licensing deals is drying up; he has sold nearly all the stocks that now might have helped him plug holes in struggling properties,” the report adds.
The trio of New York Times writers also looked at the future of the Florida resident’s finances after he possibly leaves office.
“Within the next 4 years, more than $300M in loans — for which he is personally responsible — come due,” the trio writes.
After learning of the newly published report, President Trump responded to The New York Times. He said the report is completely fake and that it is “fake news.” He added that his tax returns have not been released because they are under audit.
