Trump’s firms paid $750 in taxes in US, $145,400 in India in 2017,Reports
Donald Trump paid just $750 in federal income taxes in the year he was elected US president and also in his first year in the White House, according to a media report, which also said that he or his companies paid $ 145,400 taxes in India in 2017.
Trump entered the 2016 presidential race as a Republican and was elected in a surprise victory over Democratic nominee Hillary Clinton.
“Donald J Trump paid $ 750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $ 750,” the New York Times reported on Sunday, citing tax return data extending over 20 years.
The report revealed that in his first two years in the White House, Trump’s revenue from abroad totalled $ 73 million, much of which was from his golf properties in Scotland and Ireland. Some of the revenue came from licensing deals in countries like Philippines ($ 3 million), India ($ 2.3 million) and Turkey ($ 1 million).
Meanwhile, at a White House press briefing on Sunday, Trump dismissed the NYT report as a “totally fake news” and claimed that the media house has tried the same thing previously too.
Responding to questions, Trump said he has paid a lot of money in taxes. “First of all, I’ve paid a lot, and I paid a lot of state income taxes, too. The New York State charges a lot and I paid a lot of money in state. It’ll all be revealed. It’s going to come out…after the audit,” he said.
Trump said he has 108 pages of tax filings “for all these different companies that do very well, obviously”. “Those filings are very complete. They’re very big. They’re very powerful. They’re very accurate. Those are the filings that you’ll learn much more and when it’s done,” Trump said.
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