Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

12/20/2020

This interactive article by The New York Times provides an in-depth analysis of President Donald Trump's tax records, based on more than two decades of his financial information. The investigation reveals that Trump paid only $750 in federal income taxes in both 2016 and 2017 and no income taxes at all in ten out of the previous fifteen years, largely because of reported losses. The article also highlights questionable deductions, lavish spending, and income from foreign sources. It sheds light on the complexity and potential loopholes in the tax system that have allowed wealthy individuals like Trump to minimize their tax obligations. Overall, this article offers a comprehensive exploration of Trump's tax history and its implications.

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