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Tax Tricks and Loopholes Only the Rich Know
John Csiszar
March 6, 2021, 11:00 AM
Manchester, NH - August 15, 2019: President Donald Trump speaks during campaign MAGA rally at Southern New Hampshire University Arena
On Sept. 27, The New York Times released a bombshell report on President Donald Trump’s tax records. After looking through more than two decades worth of tax return data, the Times reported that Trump paid no federal income taxes in 11 of 18 years that were examined. According to the report, he did pay income taxes in 2016 and 2017 in the amount of $750 each year.
Trump questioned the accuracy of the Times report in a Sept. 28 tweet: “I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits.”