Info : Published on Sep 28, 2020
It seems Trump has only paid $750 in taxes in 2016 and during his first year as president according to the New York Time. A report surfaced from the outlet showed that Trump did not pay federal taxes 10 out of the last 15 years. Trump has gone out of his way to hold on to his tax returns despite politicians and watch groups asking for the businessman-turned-president to show his returns. Trump reportedly relied on business tax credits in his first two years as president to reduce the amount of taxes he paid.
NY Times reported that $9.7 million in business investment credits were submitted after Trump asked for an extension to file his taxes. As a result, the extension reportedly allowed him to offset what he owed and only paid $750 in 2016 and 2017.