Trump avoided paying taxes for years, largely because his business empire reported losing more money than it made, report says - News Summed Up

Trump avoided paying taxes for years, largely because his business empire reported losing more money than it made, report says


ADADThe Times story said Trump is still fighting the IRS over a $72.9 million tax refund that he was granted in 2010. “I’ve paid a lot, and I paid a lot in state income taxes, too,” Trump replied. After the Times story was published, several congressional Democrats said that it confirmed Congress — and the public — should have a complete view of Trump’s business entanglements. AD“As the leader of Congress’s fight to obtain Donald Trump tax returns, this blockbuster report confirms some of our worst fears,” said Rep. Bill Pascrell Jr. (D-N.J.). ADThe Times story said that some of the few bright spots in Trump’s business empire have been businesses where people seeking public-policy help from the White House can also be private customers of Trump’s business.


Source: Washington Post September 27, 2020 21:46 UTC



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