Donald Trump tears into the New York Times for 'made-up, phony' story that he paid just $750 in federal income tax in 2016 and 2017, no income tax for 10 years and reported vast losses across his business empire
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The Times reported that Trump paid just $750 in federal income taxes in both 2016 and 2017, and paid no income taxes in 10 of the last 15 years
That's despite receiving $427.4 million through 2018 from his reality television program and other endorsement and licensing deals
Trump was able to minimize his tax bill by reporting losses across his empire
He is said to have claimed $47.4 million in losses in 2018, despite claiming income of at least $434.9 million in a financial disclosure that year
Trump denied the report on Sunday, calling it 'total fake news'
He has previously blasted the long-running quest for his financial records as a 'continuation of the most disgusting witch hunt in the history of our country'
He is the only modern president who has refused to release his tax returns
That's despite receiving $427.4 million through 2018 from his reality television program and other endorsement and licensing deals
Trump was able to minimize his tax bill by reporting losses across his empire
He is said to have claimed $47.4 million in losses in 2018, despite claiming income of at least $434.9 million in a financial disclosure that year
Trump denied the report on Sunday, calling it 'total fake news'
He has previously blasted the long-running quest for his financial records as a 'continuation of the most disgusting witch hunt in the history of our country'
He is the only modern president who has refused to release his tax returns
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