Donald Trump: The Presidential debate on Tuesday has created a lot of news due to the various issues that were used and discussed in the debate. The recent news came out as published by a newspaper that the United States President Donald Trump has paid just $750 to the federal income tax department in the first year of his Presidency in 2016-2017.
Last week news reports were published saying that Trump has paid just $750 in taxes in his first year of presidency
In the face off with his democratic Nominee Joe Biden in the Presidential debate in Cleveland, President Donald Trump said that he has paid millions of dollars in taxes when the matter was raised during the debate.
As a part of tradition in the recent Presidents of United States, they publicly announce their personal expenditure and taxes as paid to the federal tax system. However, Donald Trump has refused to publish this personal information and taxes publicly. This decision also created a lot of fuss in the news about the information of taxes of Trump and that they contain some issues that can not be published.
According to the report Trump organization has not paid taxes for 10 years in the last 15 years
A report was published by a newspaper that Trump organization has not paid taxes for 10 years in the last fifteen years claiming that he lost more money than he made. Moderator Chris Wallace during the Presidential debate asked Trump about the news of the taxes. He immediately dismissed the matter saying that this is ‘fake news’ claiming that the opposition is trying to portray him as a non tax-payer President.
He also added that he did not want to pay the taxes saying that he tried to avoid the taxes as much as possible put ended up paying millions of dollars in income taxes. President Trump tweeted on Tuesday that he is extremely under leveraged and he has very less debt compared to the value of assets he owns.