37 Reactions To Trump Reportedly Only Paying $750 In Income Tax

 On September 27, The New York Times claimed that the President of the United States, Donald Trump, allegedly only paid 750 dollars in federal taxes in 2016 and 2017. Since then, the internet has been chock full of reactions to this saucy bit of information.

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“Over the past decade, the President has paid tens of millions of dollars in personal taxes to the federal government,” Alan Garten, a lawyer for the Trump Organization, told The Washington Post that The New York Times article was supposedly full of inaccuracies.

WaPo claims that the average middle-class American household paid around 3 times as much in federal income taxes in 2016 and 2017 as Trump.

He allegedly paid 750 dollars in taxes in 2016 and 2017 and paid no income taxes at all in 11 of the 18 years examined by The New York Times because he reported losing “much more” money than he made.

The NYT report mentions “chronic losses and years of tax avoidance” and also suggests that Trump is personally responsible for over 300 million dollars in loans, to be due in the next 4 years. 

The President denied the allegations and claimed that he has “paid many millions of dollars in taxes” but received tax credits as well. He also stated that he had “very little debt” in comparison to the value of the assets he owns. According to Trump, the media has brought up the topic with “bad intent” and was trying to discredit him.

The NYT report alleges that “most” of Trump’s largest businesses (like his hotels and golf courses) reported losing millions “if not tens of millions of dollars year after year.” Furthermore, the report claims that some of the President’s businesses have supposedly received money from foreign officials and lobbyists currying for his favor.

According to the report, Trump allegedly made 73 million dollars in revenue from abroad during his first two years as President, writes the BBC.