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Here’s a breakdown of the President’s tax returns obtained by the New York Times and #WhyItMatters.
The @nytimes obtained 18 years of President Trump’s tax returns. Sources gave access to three NYT reporters to examine his tax records which have not been made public.
The @nytimes obtained 18 years of President Trump’s tax returns. Sources gave access to three NYT reporters to examine his tax records which have not been made public.
KEY POINTs
📉He paid $750/yr in federal income tax in 2016 (year he became president) and in 2017 (his first year in office).
📉11 out of 18 yrs the Times reviewed, Mr. Trump reported he lost more than he made, so he paid no income tax.
📉He paid $750/yr in federal income tax in 2016 (year he became president) and in 2017 (his first year in office).
📉11 out of 18 yrs the Times reviewed, Mr. Trump reported he lost more than he made, so he paid no income tax.
📉Over 18 years of returns the Times reviewed, he paid $95 Million in taxes BUT got $72.9 Million of that back in federal tax refunds.
📉He has $421 Million in loans and debt that will have to be paid back in coming years.
📉He has $421 Million in loans and debt that will have to be paid back in coming years.
