• Latest
  • Trending
Fireworks at UN as Trump Attacks China

Report Shows Trump Paid Minimal $750 Income Tax in 2016, 2017, US President Denies Claim

September 28, 2020
Turkey Seeks Survivors after Pirate Attack Off Nigeria’s Coast

Turkey Seeks Survivors after Pirate Attack Off Nigeria’s Coast

January 24, 2021
China Rescues First Person from Shandong Gold Mine

China Rescues First Person from Shandong Gold Mine

January 24, 2021
Congressman Says Former Democratic Presidents Could Be Impeached If Senate Goes Ahead With Trump’s Trial

Congressman Says Former Democratic Presidents Could Be Impeached If Senate Goes Ahead With Trump’s Trial

January 24, 2021
Concern Mounts Over Corruption, Inefficiency in Nigeria’s $2bn Cash Transfer Programme

Concern Mounts Over Corruption, Inefficiency in Nigeria’s $2bn Cash Transfer Programme

January 24, 2021
Johnson Talks to Biden in First Call With European Leader Since Inauguration

Johnson Talks to Biden in First Call With European Leader Since Inauguration

January 24, 2021
UK Doctors Seek Review of 12-week Gap Between Vaccine Doses

UK Doctors Seek Review of 12-week Gap Between Vaccine Doses

January 24, 2021
Nigeria: Zenith Bank to Bar Customers with Unrepatriated Export Proceeds   

Nigeria: Zenith Bank to Bar Customers with Unrepatriated Export Proceeds  

January 24, 2021
Former US Officials Urge Biden to Back ‘Stellar’ Okonjo-Iweala for WTO DG

Former US Officials Urge Biden to Back ‘Stellar’ Okonjo-Iweala for WTO DG

January 24, 2021
Spain’s Top General Resigns Over Allegations of Vaccination Queue-jumping

Spain’s Top General Resigns Over Allegations of Vaccination Queue-jumping

January 24, 2021
Laws Allowing Zamfara Control Gold While Niger Delta Can’t Control Oil Are Discriminatory, Says Delta Governor Okowa

Nigeria: Delta Government Approves Kwale Industrial Park

January 24, 2021

National ID Not a Precondition for Prospective Voters, Nigeria’s Electoral Commission Says

January 24, 2021
Man City Extend Unbeaten Run to 14 Matches With Win Over Brighton

Man City Given Huge FA Cup Scare By League Two Side Cheltenham

January 24, 2021
Over 2,000 Detained at Russia Protests Demanding Navalny’s Release

Over 2,000 Detained at Russia Protests Demanding Navalny’s Release

January 23, 2021
Tunisia Extends Curfew, Bans Protests as Virus Cases Jump

Tunisia Extends Curfew, Bans Protests as Virus Cases Jump

January 23, 2021
Nigeria: Sociopolitical Groups Trade Words Over Attack on Fulani in Oyo State

Nigeria: Sociopolitical Groups Trade Words Over Attack on Fulani in Oyo State

January 23, 2021
Celebrities, Newsmakers Pay Tribute to Broadcasting Legend Larry King

Celebrities, Newsmakers Pay Tribute to Broadcasting Legend Larry King

January 23, 2021
Nigeria Police Boss Orders Arrest of Man Who Gave Fulani Ultimatum to Leave Oyo State

Nigeria Police Boss Orders Arrest of Man Who Gave Fulani Ultimatum to Leave Oyo State

January 23, 2021
ARISE NEWSDAY

ARISE NEWSDAY

January 23, 2021
Chelsea, Southampton Draw in Six-goal Thriller

Gabriel Own Goal Hands Southampton Win Over FA Cup Holders Arsenal

January 23, 2021
Veteran Broadcaster Larry King, 87, in Hospital with Covid

Legendary TV Host Larry King Dies at 87

January 23, 2021
Morning Show

Morning Show

January 23, 2021
DJ Khaled to Host MTV Africa Music Awards 2021

DJ Khaled to Host MTV Africa Music Awards 2021

January 23, 2021
China’s Wuhan Marks One Year Since Lockdown as Pandemic Rages Worldwide

China’s Wuhan Marks One Year Since Lockdown as Pandemic Rages Worldwide

January 23, 2021
Russia Arrests Protesters Demanding Kremlin Critic Navalny’s Release

Russia Arrests Protesters Demanding Kremlin Critic Navalny’s Release

January 23, 2021
Thousands of Hong Kong Residents Locked Down to Contain Coronavirus

Thousands of Hong Kong Residents Locked Down to Contain Coronavirus

January 23, 2021
US House Lawmakers Set to Impeach Trump For Historic 2nd Time

Trump Impeachment Trial Delayed Until Early February

January 23, 2021
More Mass Graves Found in City Held by Haftar Forces

More Mass Graves Found in City Held by Haftar Forces

January 23, 2021
French Arms Firm ‘Must Face SA Corruption Trial’

French Arms Firm ‘Must Face SA Corruption Trial’

January 23, 2021
Covid-19 Vaccines for Africa ‘Might Not Be Available Until Second Quarter of 2021’

Mali to Start Covid-19 Vaccine Rollout in April

January 23, 2021
Mozambique Flights Cancelled as Storm Eloise Nears

Mozambique Flights Cancelled as Storm Eloise Nears

January 23, 2021
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
No Result
View All Result
Sunday, January 24, 2021
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • US ELECTION
  • BUSINESS
  • Politics
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • US ELECTION
  • BUSINESS
  • Politics
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
No Result
View All Result
Arise News
No Result
View All Result
Home Global

Report Shows Trump Paid Minimal $750 Income Tax in 2016, 2017, US President Denies Claim

September 28, 2020
Reading Time: 3min
0 0
0
Fireworks at UN as Trump Attacks China

Donald Trump

Share on FacebookShare on Twitter

US President Donald Trump paid just $750 in US income taxes in both 2016 and 2017, reported losing millions of dollars from his golf courses and has hundreds of millions in debt that will come due in the next few years, according to a report in the New York Times.

Trump paid no income taxes in 10 of the past 15 years because he generated large losses that offset any money that he made, according to the Times analysis of at least two decades worth of Trump’s personal and business tax returns.

But the American president denied the report and repeated his stance to only share his tax returns after an audit is finished.

“First of all, I’ve paid a lot and I’ve paid a lot of state income taxes too,” Trump said during a news conference on Sunday after the detailed report.

“The story is a total fake,” he said. “They’re under audit and when they’re not, I would be proud to show you.”

The documents show that many of Trump’s businesses are struggling, with him putting more money into the firms than he’s taking out. It also said he earned $73 million abroad in his first two years in the White House, including from authoritarian-leaning countries such as the Philippines and Turkey, despite a pledge that he would pursue no new foreign deals while president.

Trump bucked tradition in refusing to release his personal tax records, which had become standard among candidates for office in recent decades. House Democrats have issued subpoenas for the documents, which have been mired in legal battles for more than a year. The Supreme Court in July said lower courts need to do more to scrutinize the tax return requests.

The Times didn’t disclose how it got the documents, but said the documents came from sources with legal access to the information. A lawyer for Trump Organization told the Times that “most, if not all, of the facts appear to be inaccurate.”

The revelations into Trump’s financial life are likely to be a key point of contention heading into the final month of the presidential campaign. Trump, who has built his public image as a successful businessman and as a billionaire, faces a series of financial challenges, according to the Times reporting.

 

 

Discussion about this post

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Arise News - Part of the Arise Media Group.

No Result
View All Result
  • HOME
  • Breaking
  • Global
  • Regional
  • US ELECTION
  • BUSINESS
  • Politics
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates

© 2020 Arise News - Part of the Arise Media Group.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist