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President Donald Trump’s businesses have hemorrhaged hundreds of millions
of dollars over the last two decades, allowing him to minimize his federal
income tax bill to $0 or nearly $0 for many of the years in that period,
according to a bombshell report published on Sunday by The New York Times.
The report, which comes just two days before Trump and former Vice
President Joe Biden meet for the first general election debate of the 2020
contest, appears to be based on the most complete collection of the
president’s recent tax returns assembled to date. The Times said that the
story is the first of several.
Trump paid just $750 in federal income taxes in 2016 and another $750 the
following year, the newspaper reported, and none at all in 10 of the
previous 15 years. He is personally responsible for more than $420 million
in debt, most of which is coming due within the next four years, according
to the Times.
https://www.cnbc.com/2020/09/27/ ... ral-years-nyt-.html |
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