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Trump Speaks Out About NYT Report On Tax Returns, Calls It ‘Fake News’

The following article, Trump Speaks Out About NYT Report On Tax Returns, Calls It ‘Fake News’, was first published on Flag And Cross.

President Trump has come out and released a comment on the current New York Times story that was published, alleging he only paid $750 in federal income taxes for the years of 2016 and during his first year in office.

The NYT published this report on Trump’s financial information, which is something that he’s managed to keep out of the public eye for the majority of his first term in the White House, on Sunday.

Conveniently for Democrats, this report comes just several days before the first presidential debate between Biden and Trump.

via Washington Examiner:

Asked to respond to the New York Times’s reporting, Trump said the report about years of tax avoidance was not accurate, and he would release his tax returns once they are no longer under audit.

“That is fake news. That is totally fake news,” Trump said.

“Actually, I pay taxes. You will see that as soon as my tax returns, it’s under audit,” he added later. “It’s been under audit for a long time. The IRS does not treat me well. They treat me like the Tea Party, like they treated the Tea Party. And they don’t treat me well. They treat me very badly.”

The New York Times report also said Trump paid no federal taxes in 10 of the last 15 years “largely because he reported losing much more money than he made.” A lawyer for the Trump Organization, Alan Garten, told the outlet that “most, if not all, of the facts appear to be inaccurate” and claimed the president “has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015.”

Now, the question everyone should be asking right now is whether or not those involved in collecting any sort of information like this and releasing it to the public have violated any laws. They likely have, which does not look good for the left going into the final stretch of campaign season.

The president went on to say that he’s paid state and local taxes over the years, but didn’t provide any further details.

“I’ve paid a lot, and I’ve paid a lot of state income taxes, too,” Trump said to the press. “The New York state charges a lot, and I paid a lot of money in state [taxes]. It’ll all be revealed. It’s going to come out, but after the audit is done. They’re doing their assessment. We’ve been negotiating for a long time. Things get settled like in the IRS, but right now, when you’re under audit, you don’t do that. So we’re under audit, but the story is a total fake.”

Democrats are getting desperate to ensure Biden wins this election. Thus, they are pulling out all the stops against the president to try and shoot down his campaign and the momentum he’s garnered for his second term. Doesn’t seem like they are doing a very good job of this.

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Bill Gates paid himself one dollar a year, his mansion was tax deductible because it is where he conducted business intertaining clients and dignitaries for his company. Meals and travel were free paid through the company for clients and meetings. So yes, Trump also lived this way. The only time he got a wage when he bought clothes and accessories for loved ones and family, only then he paid taxes but all he taxes were from the businesses which is a vast amount. Study your tax deductions forms especially small or vast size business.

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