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.
He had paid no income taxes at all in 10 of the previous 15 years….
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…. An adverse ruling could cost him more than $100 million.
From Russ Buettner, Susanne Craig, and Mike McIntire. “Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance,” New York Times. September 27, 2020.