Megathread: Long-Concealed Records Show President Trump’s Losses and Years of Tax Avoidance

President Donald Trump paid just $750 in federal income taxes in both 2016 and 2017, the New York Times reported Sunday.<br><br>According to the Times, Trump also paid no federal income tax in 10 of the previous 15 years, despite enjoying an yearly income of well over $1 billion, as he was able to use various loopholes and deductions allowed under the tax code.<br><br>The president used various methods to avoid paying taxes, including classifying his daughter Ivanka as an employee to avoid paying her income tax and claiming millions of dollars in losses from his various businesses.<br><br>The disclosures, which were revealed by documents obtained by the Times, show that the president can expect to face re-election in November while opposing Democratic challenger Joe Biden under intense scrutiny.<br><br>Submissions that may interest you<br><br>SUBMISSION DOMAIN<br>Megathread: Long-Concealed Records Show President Trump’s Losses and Years of Tax Avoidance nytimes.com<br>Trump Paid Just $750 in Federal Income Tax in 2016, 2017: NY Times nbcnewyork.com<br>Trump hasn’t paid income tax for several years – report theguardian.com<br>Trump paid just $750 in federal taxes the year he was elected, $0 in 10 of last 15 years, NYT alleges cnn.com<br>Trump hasn’t paid income taxes in 10 of the past 15 years Smoking Gun reports cnn.com<br>Trump paid just $750 in federal income taxes in 2016 and 2017: NYT reuters.com<br>Top Republican senator accepts Trump’s ‘facts,’ defends his tax avoidance: ‘The system is what it is’ rawstory.com<br>‘He Had to Pay Those Taxes Before or After. 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