Donald Trump paid just $750 in federal income taxes the year he was elected president, according to a blockbuster report published by the New York Times on Sunday.
The Times report also found that Trump is millions of dollars in debt, incurred through a series of failed business ventures — a fact that runs counter to Trump’s self-made image as a successful businessman. Trump has also used his financial failings to avoid paying taxes, the report found.
The president has resisted revealing his financial information since the start of his first presidential campaign, despite promising otherwise. “I would certainly show tax returns if it was necessary,” Trump told conservative radio host Hugh Hewitt in 2015. Yet for five years, the president has failed to produce the documents.The president paid $750 in federal income taxes in 2016, and paid another $750 in 2017, according to the report. And in 2014, Trump paid zero dollars in taxes. Continue reading.