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Donald Trump is the wealthiest President in US history, but his income tax payment is 140 times less than most recent predecessors like Barak Obama and W Bush.
The New York Times stated that they obtained President Donald Trump’s tax information extending more than two decades and they said that, “revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due”.
As per the report of the NYT Donald Trump paid only $50 in one year as federal income tax, and this is the figure for his first two President years. They also revealed that the President managed to evade paying income tax in the past ten times in 15 years.
Trump’s tax installments were a hot-button issue when he challenged for the administration in 2016. Notwithstanding, he has effectively abstained from uncovering his assessment subtleties — the first for any US President — even in the wake of turning out to be President.
What Donald Trump said on this news?
After hearing this news, Donald Trump came into action and claimed that the news faces. He said, “It’s fake news, made up, fake”. This statement by the President refuses all the allegations against him for not paying tax from the past ten or more years.
US presidents are not legally necessary to deliver subtleties of their accounts; however, everyone since Richard Nixon has done as such.
Trump has broken with the presidential convention by declining to deliver his profits, facing a long conflict in the courts and powering theory about what they may contain.
His government forms, a key argument in the 2016 political decision, have been a steady presence during his Presidency and in front of the November 3 elections, when Trump is looking for a subsequent term.
As a reaction, NYT released a new statement and said that “provides a road map of revelations, from write-offs for the cost of a criminal defence lawyer and a mansion used as a family retreat to a full accounting of the millions of dollars the president received from the 2013 Miss Universe pageant in Moscow.”
To this statement, they added, “reveal the hollowness, but also the wizardry, behind the self-made-billionaire image”.
A lawyer of Donald Trump organization Alan Garten said, “over the past decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015.”
Our Prediction
This is nearly impossible to invade the Taxes in such a big country which takes their rules very seriously. But if this really happened that Donald Trump is not paying his taxes for the past ten or more years is a serious issue. Does this also point a finger on the Income Tax department that are they working as per Trump’s instructions or constitutional laws? Well, this will never be clear if Income Tax releases a statement against or favour of President Donald Trump.
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