Trump Denies Paying Only $750 in Federal Taxes – The Red Alert News

Trump Denies Paying Only $750 in Federal Taxes

President Donald J. Trump

President Donald J. Trump

During a Sunday evening press conference that began only a short time after the New York Times published the first in a series of reports examining almost two decades of President Donald Trump’s previously undisclosed taxes, the President waved off questions and called the report, “fake news.”

Specifically, Trump denied the claims in the article that he only “paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750. He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.”

The article, splashed across the Times website with an all-caps headline, LONG-CONCEALED RECORDS SHOW TRUMP’S CHRONIC LOSSES AND YEARS OF TAX AVOIDANCE, seems certain to dominate much of the mainstream media news coverage in the hours before the first debate between Trump and Joe Biden on Tuesday night.

Additionally, the Times reports:

His finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.”

Further:

The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.”

Still, the Times admits there are many unanswered questions, no new connections to Russia, and that many readers will not be satisfied with its reporting, stating:

The returns are some of the most sought-after, and speculated-about, records in recent memory. In Mr. Trump’s nearly four years in office — and across his endlessly hyped decades in the public eye — journalists, prosecutors, opposition politicians and conspiracists have, with limited success, sought to excavate the enigmas of his finances. By their very nature, the filings will leave many questions unanswered, many questioners unfulfilled. They comprise information that Mr. Trump has disclosed to the I.R.S., not the findings of an independent financial examination. They report that Mr. Trump owns hundreds of millions of dollars in valuable assets, but they do not reveal his true wealth. Nor do they reveal any previously unreported connections to Russia.”

Finally, it’s unclear how much of the voting public will care about the reporting on Trump’s taxes as polls indicate most voters have already decided who they will vote for in the November 3rd election.

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Please share your thoughts in the Comment section further down this page.

26 Comments

  1. Julia Ogden says:

    The USA doesn’t need to see the tax retruns of a billionaire who became a public servant, certainly not 20 years worth! What America needs to see is the tax returns of the public servants who became millionaires WHILE BEING PUBLIC SERVANTS! There is a long list of these “public servants” who made 6 figures coming into office and are NOW MILLIONAIRES! And FYI, I would NOT believe anything the MSM says about Trump’s tax returns. They lie because their masters are afraid Trump is winning. This is just MORE smoke to distract the public from the fact that Hunter Biden is a criminal and maybe his dad is too!

  2. Gloria Howard says:

    How about the thousands of lies trump has told??? Wake up people!!!

    • Julia Ogden says:

      Stop spouting the leftist propaganda! I defy you to give me one time POTUS lied about something important. Give me the link, the video, or the document that shows he lied about anything other than ‘not taking vacations’ while President! That’s it. That’s all I’ve found in researching this election issue! I’m an Independent, not a conservative, and I call FRAUD on you! Do your own research instead of just repeating the same lies from the MSM. And yes, I’m voting for Trump now. Better that than Kamala Harris. If you have been paying ANY attention to what these democrat/communist have been saying, you would know your statements are lies! Just saying…

  3. Sam B. says:

    Where do I start lol. Here we go again! So This tax thing is yet another matter that the N.N.Ns…”Narrative News Networks” & the radical socialist left can twist & turn & run with it. If President Trump only paid $750 in taxes or whatever…even though that may b tough to swallow..as long as it was legal so b it! As a registered Democrat..I “lean” left…I don’t see what the big deal is. Only the hardcore quacks on the left/anti anything & everything Trump do AS USUAL which yet again is embarrassing as a dem. As long as whatever Mr Trump paid in taxes was legal/legit…”who gives a rats ass!”
    #Focusonthecountry! 🇺🇸

  4. Raymond says:

    Let us investigate ex president Obama and ex secretary of state Hillary Clinton’s taxes, especially the Clinton foundation. How can a person with very little assets, purchase a multi million house, and what happened to millions of dollars that went into the Clinton foundation for the relief of the people of Haiti after the earthquake? I guess the media doesn’t care about democrat’s corruption.

    • Julia Ogden says:

      Right on! And when you look at the new information coming out of the Dept. of Justice, it’s not just corruption, it’s treason. HRC, Biden, O’Bama are ALL under investigation for treason, obstruction of justice, etc. Too bad this report is being delayed. If it came out before the election, the DNC/communist nominated choice would be in jail. And his VP pick too! Just saying…look at back channels and read the excepts of these reports that have been leaked! What I want to know is where is the release of JE’s flight logs! Those are going to put HRC’s husband in jail!

  5. callwell hutson says:

    thought that the IRS was to hold personal info unobtainable to others for the very good reason that such info could and would be used in harm to the person.
    Now it would seem that anyone that would like to question others have only to go to the IRS and do the nit-picking, as does the media, to cause irreparable harm to a person and/or their family. Of course we know that the IRS has already lost info of taxpayers not to mention their respect.

  6. Duane says:

    Who cares, the main stream media never tells the truth. A few years ago, I paid zero taxes because my medical expenses were more than my income. Thanks to Obama care . I don’t see the media talking about Joe and Hunter bidens criminal enterprises. Why not? because that would expose him and the Democrats for the crooks they are.

  7. Patricia Halsey says:

    Lock him up!!! or is that too good for him? I’m 90 years old and am voting for Joe Biden!!

    • Bill says:

      You always believe the propaganda?

    • Patricia Shaughnessy says:

      Good luck to you. You won’t have to live with the ramifications of your vote. Treachery at its worst!

    • Julia Ogden says:

      Are you ignorant or evil? You don’t care…lock up POTUS! The best president we have had since JFK? Before Covid 19, America had the lowest unemployment rate in over 50 years, got 4 million citizens off food stamps, biggest tax breaks to all Americans, signed an executive order “Save our Oceans Act” in 2018 (bet you didn’t hear about that one, did you), and works for FREE! And maybe the biggest thing the MSM are NOT talking about. He has signed executive orders to STOP HUMAN TRAFFICKING! Even signed executive order to BLOCK the property of child traffickers! In 2 years over 10,000 human traffickers have been caught. FYI, O’Bama’s administration only caught 9,000 of the sickos…in SEVEN YEARS! And are you NOT aware that the USA is NOT at war with the Middle East? That POTUS brought peace to that region of the world? What do you think he’s received TWO Peace Prize nominations for? As for your Biden? A vote for him is a vote for George Soros who funds the DNC, BLM and NAMBLA! Do you even know what NAMBLA is? The North American MAN/BOY Love Association. Sorry sister, you are either dumb as a box of rocks or evil!

  8. They just dont stop! Whats wrong with this fake news! And what if he does owe taxes,? There’s no way you could get away, with not reporting his taxes for 10 or 12 years, without being incarcerated, maybe he has big deductions, that’s what I would do if I had big money, I would put it towards the needy “and I don’t mean the lazy” what’s wrong with that?, it’s legal! that’s what I do with mine, otherwise, Internal Revenue will eat you up, and put it in their pocket, and spit out your bones

  9. Kitty Corbett says:

    It is disgraceful that Donald Trump’s tax returns have been exposed for all the world to see, to pass judgment upon and to criticize, when tax returns are a private matter between the citizen and the IRS. I can only shake my head in disgust at those who clamored for this indecent exposure and pray to God they get their just desserts. My support for our wonderful President Trump is unshaken.

    • Neil ROTHE says:

      Kitty,

      You are living proof of P.T. Barnums’ saying that “there is a sucker born every minute”. Every President for the last 50 years has turned over his tax returns to demonstrate their honesty. Donald Trump is a criminal and you need to get a life and accept the truth.

      • Julia Ogden says:

        You are the on who is lying! Or you did not do your own research and are just spouting the DNC leftist propaganda! Have you done your OWN research? Do you know who funds the DNC, have you look that piece of info up? And Hilary Clinton, Kamala Harris, 5 district attorneys? Be less of a brainwashed sheep and more of an American, like Kitty! Even I know the DNC is crooked as the day is long. “The Harris/Biden Administration”? That’s who you’ll be voting for, Harris, not Biden! Voting for Pro normalization of P3d0philia in this country. Voting for striking the 1st and 2nd Amendment to be stricken from our constitution! Don Lemon’s works? “We must BURN DOWN the system!”? Are you an American or a communist? Decide and until then, spout your BS on a leftist media platform, we’ve heard it all from MSM already!

  10. Dennis Dwyer says:

    Of course it’s fake news, consider the source.

  11. John Kiefer says:

    NYT sounds like Adam Schiff they have the evidence but can’t release who their source is. I couldn’t care less how much President Trump paid in taxes. He has done more for our country in 3 and a half years than the last 4 presidents. Theses liberals only help themselves.

    • Jayne Hart says:

      John you are full of crap most former presidents did not turn over their tax returns you know damn well that the Hillary and Bill didn’t turn over their tax returns if they had they would be in prison for life. Because of all their drug trafficking they did back when Bill was governor of arkansas and all the people they had killed to try and keep it secret 🤣 so don’t tell kitty your rodirick, you are the one that needs to get a life. Trump 2020.

  12. Sharon says:

    Do you really think that trump does his own taxes? Get real! He has account’s that work the books just like most entrepreneurs. They have to face irsand explanations their policy making. Im sick of main street media and congress beating this same drum. Also why is it taking so long for irs to decide yes or no. Over 4 years of examining his taxes and still no decisions. Also! He gives his presidential income away and had to give his kids the businesses. So your surprised at negative earnings.? What a dumb bunch of liberals.

  13. Bill says:

    Who cares. As the Democrats always say “that’s old news, lets move on” If it REALLY mattered the Clintons would have been locked up years ago for all the money they stole and are still stealing. So he used federal tax codes established by politicians and law makers years ago. Not his fault. He would be stupid if he did not exercise prudent judgement in utilizing the federal tax codes to minimize his taxes.

  14. Carolyn says:

    All people after Trump’s taxes paid are as guilty as they are accusing him. I say let’s look at all their income tax forms. They -Congressmen got rich during time of serving. He made his before being President.

  15. Sandra Elliott says:

    I only care about what President Trump has done and plans to do for our country and our citizens He is building up our country, whereas the Democrats want to tear it down and give us a Socialist country. That would mean our government would control our lives. Read about a socialist country like Venezuela.

  16. Robert says:

    The fact being that if Trump had released his TAXES as every other President has since Roosevelt then this would not be any surprise to anyone in any way, now this is just the tip of the ice berg, I would bet an in depth investigation of Trumps supporters would find that those in the same situation as Trump do the same think, cheat on the income taxes which most of us decide not to do, even though we do not like paying those taxes. Just consider Trump’s tax reform gave a 20% tax cut to the richest and a 7% tax cut to the working who needed the tax cut the most.

  17. Robert O Moore says:

    Who cares about his taxes

    • Suzanne Russell says:

      I certainly don’t care about his taxes. He has proved himself in so many areas that I really don’t believe he would intentionally do anything wrong. They are just on a witch hunt and it makes THEM look bad and desperate.

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