By Breitbart. The New York Times‘ exposé on Donald Trump’s tax returns suggests that the president has suffered financial losses for many years, resulting in many years when he paid little or no federal income tax. . .
Russia. The Times found no evidence of any links to Russia that were previously unreported. The tax returns, it says, do not “reveal any previously unreported connections to Russia.” All they show is that the 201 Miss Universe pageant in Moscow was “was the most profitable Miss Universe during Mr. Trump’s time as co-owner, and that it generated a personal payday of $2.3 million.” That’s all there is to the vast Russian business interests Democrats hinted (and hoped) the returns would show.
Michael Cohen. Prosecutors in New York have subpoenaed the tax returns for a criminal investigation — most likely, having to do with payments via Trump’s former lawyer, Michael Cohen (now a convicted felon), to alleged lovers (including Stormy Daniels). The Times noted: “The materials obtained by The Times did not include any itemized payments to Mr. Cohen.” It added: “The amount, however, could have been improperly included in legal fees written off as a business expense.” That’s it.
The Audit. Democrats and journalists have mocked Trump’s long-standing claim that he could not release his tax returns because he faced an Internal Revenue Service audit. The Times confirmed the audit: “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 that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.” It is real, just as Trump has claimed. (Read more from “New York Times Debunks Several Conspiracy Theories With Trump’s Tax Returns” HERE)
Trump Lashes Out at New York Times Report Alleging Years of Tax Avoidance
By NBC News. The New York Times obtained two decades of President Donald Trump’s tax information, reporting Sunday that the president paid only $750 in federal income taxes the year he won the presidency and again during his first year in office. . .
Trump said Sunday that the story was “totally fake news” and “made up,” although he acknowledged that he “didn’t know anything about the story” ahead of its publication, which came moments before his news conference began.
Asked about the report that he paid just $750 in federal income tax in 2016 and again in 2017, Trump said he has “paid a lot of money in state” taxes, although he was not specific about how much. (Read more from “Trump Lashes Out at New York Times Report Alleging Years of Tax Avoidance” HERE)