A bombshell report from The New York Times last night shows that Donald Trump paid just $750 in federal income taxes the year he was elected president and again his first year in office. The story also says that Trump has paid no federal income tax whatsoever in 10 of the last 15 years, while American households in the middle 20 percent of the US income distribution pay $2,200 on average.
Trump has refused to release his tax returns for years, claiming he has been under audit since at least 2015.
The reporting from the Times also shows that Trump “is personally responsible for loans and other debts totaling $421 million, with most of it coming due within four years.” Trump, the story concludes, “has been more successful playing a business mogul than being one in real life.”
NCDP Chairman Wayne Goodwin released the following statement:
“Last night’s report shows what many of us have suspected for years as we’ve heard Donald Trump’s ridiculous excuses for not releasing his tax returns. Not only is Trump massively indebted to shady, mysterious creditors, but he’s also used every trick in the book to find tax loopholes to avoid paying his fair share. That working North Carolinians — including firefighters, teachers and nurses — have been paying much more than Donald Trump in federal income tax should outrage us all. If he gets a second term, Trump will continue to rig the system for people like himself and his family while the rest of us are left behind.”