President Donald Trump paid no federal income taxes in 10 out of 15 years from 2000-15 as per the tax-return data obtained by The New York Times.
The New York Times had obtained Trump's tax information that he had not paid his income tax ten years out of fifteen years, showing more business losses than he earned. He paid just $750 in federal income taxes in both the years; he won the president's position and his first year in the White House.
Trump rejected the report as fake news and maintained he has paid taxes. However, he gave no specifics. Also pledged that information about his taxes would all be revealed. He insisted that his tax details be released when the IRS finishes its audit. However, being under audit by the IRS does not hinder someone from publishing their tax returns.
The Times said it had acquired tax-return data covering more than twenty years for Trump and companies within his business organization, including complete information from his first two years in office. Dean Baquet, New York Times executive editor, mentioned that they are not making the records public because they do not want to jeopardize their sources.