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Trump Paid $750 in Income Taxes in 2016 and 2017, NYT Reports

  • President’s federal taxes reportedly just $750 in each year
  • At press conference Trump denies the report as ‘fake news’
Bloomberg business news
Watch: President Donald Trump answers questions about the New York Times article about his tax information for the last two decades. (Source: Bloomberg)
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President Donald Trump paid just $750 in U.S. 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.