Donald Trump accused the Occasions of getting obtained the tax data illegally (File)
Washington:
US President Donald Trump mentioned on Monday he paid “many thousands and thousands of dollars in taxes” however was entitled to depreciation and tax credit and in addition mentioned he was under-leveraged, having extra property than debt.
The Republican president responded in a sequence of Twitter posts to a New York Occasions report that he paid simply $750 in federal earnings taxes in each 2016 and 2017, after years of reporting heavy losses from his enterprise enterprises.
“I paid many thousands and thousands of dollars in taxes however was entitled, like everybody else, to depreciation & tax credit,” he wrote on Twitter. “I’m extraordinarily beneath leveraged – I’ve little or no debt in comparison with the worth of property.”
The Republican president, who will face Democratic rival Joe Biden on Tuesday evening for his or her first debate earlier than the November three election, mentioned he had “extraordinary property” and boasted a “very IMPRESSIVE” monetary assertion.
Nonetheless, he has refused to launch his tax returns, as presidents and presidential candidates have performed for many years. Trump says it’s as a result of he’s beneath audit by the Inner Income Service however the company has mentioned there is no such thing as a purpose he can not launch his taxes whereas beneath audit.
Trump has a whole lot of thousands and thousands of dollars in debt amid power enterprise losses that he makes use of to keep away from paying taxes, the Occasions reported. It mentioned it has obtained tax-return information protecting greater than 20 years for Trump and his companies.
Trump accused the Occasions of getting obtained the tax data illegally, which the newspaper has denied.
He has rejected the Occasions report as inaccurate.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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