Daily Mirror (Sri Lanka) - - INTERNATIO­NAL -

US Pres­i­dent Don­ald Trump on Sun­day faced al­le­ga­tions that he paid lit­tle or no fed­eral in­come tax for years be­fore he came to power, as his cloudy fi­nan­cial past stoked con­tro­versy ahead of the first elec­tion de­bate. The New York Times al­leged the bil­lion­aire Pres­i­dent paid just $750 fed­eral in­come taxes in 2016 -- the year he won the White House -- and 2017, and no fed­eral in­come taxes at all in 10 of the pre­vi­ous 15 years be­cause he re­ported los­ing more money than he made.

Trump, who im­me­di­ately dis­missed the ac­cu­sa­tions as “to­tally fake news,” is ready­ing to come face to face with his demo­cratic ri­val.

“First of all, I paid a lot and I paid a lot of state in­come taxes too... It’ll all be re­vealed,” Trump said as he shrugged off the Times story that cited tax data ex­tend­ing more than 20 years.

The Times said that Trump re­duced his tax bill via a $72.9 mil­lion tax re­fund that is the sub­ject of an In­ter­nal Rev­enue Ser­vice au­dit. He also re­port­edly took tax de­duc­tions on res­i­dences, air­craft and $70,000 in hairstylin­g for tele­vi­sion ap­pear­ances.

Newspapers in English

Newspapers from Sri Lanka

© PressReader. All rights reserved.