Donald Trump has not given 10 years of tax in the last 15 years. Not only that, in the years 2016 and 2017, when Trump had earned more than $42 million, he paid only $750 tax.
According to a report by New York Times, Trump has kept the tax low by showing huge losses in his business empire.
However, at this time President Trump’s total assets are 2.1 billion. Trump has claimed that in the year 2018, he incurred a loss of 4 crore 74 lakh dollars. That too when he showed an income of 43 crore 49 lakh dollars in this financial year.
Trump had received a huge loss and received a tax refund of $ 7.29 million and for which he has been in a legal battle for the last decade.
If the verdict comes against Trump, he may have to pay $ 100 million. On the other hand, the American President dismissed the matter and said, ‘This is completely fake news. ‘Actually I paid the tax and you will see it in my tax return soon. It is currently under audit and it has been under audit for a long time.’
The Trump Organization’s lawyer Alan Garten has claimed that most of the facts in this report are not true.