Trump says he paid millions in taxes, plays down concerns about debt

Trump says he paid millions in taxes, plays down concerns about debt
Trump says he paid millions in taxes, plays down concerns about debt

Hello and welcome to the details of says he paid millions in taxes, plays down concerns about debt and now with the details

Nevin Al Sukari - Sana'a - US President Donald Trump speaks to reporters during a news conference inside the James S. Brady Briefing Room at the White House September 27, 2020 in Washington, US. — Reuters pic

WASHINGTON, Sept 28 — US President Donald Trump said today he paid “many millions of dollars in taxes” but was entitled to depreciation and tax credits and also said he was under-leveraged, having more assets than debt.

The Republican president responded in a series of Twitter posts to a New York Times report that he paid just US$750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his business enterprises.

“I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits,” he wrote on Twitter. “I am extremely under leveraged – I have very little debt compared to the value of assets.”

The Republican president, who will face Democratic rival Joe Biden tomorrow night for their first debate before the Nov. 3 election, said he had “extraordinary assets” and boasted a “very IMPRESSIVE” financial statement.

However, he has refused to release his tax returns, as presidents and presidential candidates have done for decades. Trump says it is because he is under audit by the Internal Revenue Service but the agency has said there is no reason he cannot release his taxes while under audit.

Trump has hundreds of millions of dollars in debt amid chronic business losses that he uses to avoid paying taxes, the Times reported. It said it has obtained tax-return data covering more than two decades for Trump and his businesses.

Trump accused the Times of having obtained the tax information illegally, which the newspaper has denied.

He has rejected the Times report as inaccurate. — Reuters

These were the details of the news Trump says he paid millions in taxes, plays down concerns about debt for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Panne halts trading on the Brussels stock exchange for three hours
NEXT Greece finalizes plan to build wall on border with Turkey