World

New York Times: Donald Trump 'paid $750 in federal income taxes in 2016'

September 28, 2020 1:40 pm

[Source: BBC]

The New York Times alleges that Donald Trump paid just $750 (£587) in federal income tax in 2016, the year he won the US presidency.

The newspaper – which says it has obtained tax records for Mr Trump and his companies over two decades – also says he paid no income taxes at all in 10 of the last 15 years.

It says this is “largely” due to the companies reporting losses.

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Mr Trump dismissed the report as “totally fake news”.