But in the hours after the publication of the Times report, which Trump decried as “totally fake news,” one much smaller figure drew the most attention: $750. ADThat was how much, according to the Times, Trump paid in annual federal income taxes during 2016, the year he ran for president, and 2017, his first year in office. ADIn 11 of the other 16 annual tax returns reviewed by the Times, he paid nothing, largely because his business empire reported losing more than it made. Shanna Danielson, a former schoolteacher and Democratic state Senate candidate in Pennsylvania, said her out-of-pocket bill for classroom supplies came in higher. In 2016, about half a million tax returns were filed by couples who make that much, Bankman said.

Source: Washington Post September 28, 2020 10:44 UTC