Bill de Blasio announces investigation into whether Donald Trump paid city taxes saying it's 'a foregone conclusion' that he 'cheated New York City' out of millions

 The mayor of New York has said he will task the city's finance department with investigating whether Donald Trump has paid his city taxes, in the wake of a bombshell New York Times investigation into the president's finances.

Bill de Blasio said on Monday night that he had his suspicions that the president swindled his hometown.

Trump paid zero federal income taxes in 10 out of 15 recent years, the New York Times reported.

'I think we can guarantee based on the information in the New York Times that he hasn't paid his city taxes the way he should have,' the mayor said, speaking on NY1

Donald Trump, pictured on Monday, has been accused of paying only $750 in income taxes

Donald Trump, pictured on Monday, has been accused of paying only $750 in income taxes

Bill de Blasio, mayor of New York, has said his city's finance department is investigating

Bill de Blasio, mayor of New York, has said his city's finance department is investigating

'Our city finance department will get to work right away to determine if in fact the president of the United States cheated New York City on his taxes. 

'I think it's a foregone conclusion at this point, given everything we've seen from this guy.'


Trump paid just $750 in income tax in 2015 and 2016, the Times reported Sunday. 

The president was quick to dismiss the revelations as 'fake news', although he was unable to pinpoint specific inaccuracies.

De Blasio described the findings in the Times report as 'appalling.'

'I think a lot of his supporters are going to look at this and be very angry,' he said.

Donald Trump has lived in Trump Tower since 1983, but is now registered in Florida

Donald Trump has lived in Trump Tower since 1983, but is now registered in Florida

The New York Times had laready obtained copies of Donald Trump's tax returns from 1995. Pictured are published pages of those returns

The New York Times had laready obtained copies of Donald Trump's tax returns from 1995. Pictured are published pages of those returns

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