Donald Trump has not paid federal taxes in 10 of the past 15 years. In addition, he only had to pay $ 750 (the equivalent of about 4,170 reais) in 2016, the year he was elected to the presidency of the United States, and the same amount during his first year in office, according to exclusive information published on Sunday by The New York Times. The Republican, the only American president in recent history who has not made his tax information public, is in a difficult financial situation and is facing millions of dollars in debt, according to the Times, who claims to have had access to two decades of statements by both Trump and his hundreds of companies. The newspaper does not have the personal information of 2018 and 2019.
Alan Garten, a lawyer for the Trump Organization, the New York business conglomerate, told the newspaper that “most, if not all, of the facts seem inaccurate” and said in a statement: “Over the past decade, President Trump has paid tens of millions dollars in personal taxes since he announced his candidacy in 2015 ”. Even so, the Times recalls that the advisor mixes income taxes with other federal taxes and makes improper use of the concept of tax credit.
The information is explosive material just weeks from the presidential election and just two days from the first face-to-face debate with his Democratic opponent, Joe Biden. In addition, the news was published the day after Trump started a crucial battle for the Supreme Court, with the appointment of conservative judge Amy Coney Barrett to replace the recently deceased magistrate Ruth Bider Ginsburg.
Trump’s tax returns, zealously protected by the president, were one of the documents most coveted by American journalism, as well as by Democratic prosecutors and politicians, at least since the businessman arrived at the White House almost four years ago. At a press conference at the White House, the president disdained the exclusive, calling it “fake news”, and said he paid his taxes, without giving further details.
Trump, a Manhattan real estate entrepreneur, has always bragged about being, on the one hand, very good at business and, on the other, being skilled enough to pay very few taxes, but at the same time tried to hide all that information, which candidates traditionally presidential elections are public. The Manhattan District Attorney’s Office had been requesting this information for some time, as had Democrats in Congress, and the matter ended up in the Supreme Court, which in July made a decision and handed over a shovel and a shovel.
The highest court has ruled that Trump cannot block the financial and tax information that the prosecutor claims, although he has returned Congressional demand to the lower courts.
One of the trump cards Trump used in his run for the presidency was to present himself to the world as a successful businessman, an entrepreneur who made himself, who had managed to build an empire would also be able to get the best out of a country like the United States. Some analyzes made at the time have already demystified this portrait, as he entered the business at the hands of his father, already a millionaire builder, and his assets have not multiplied above what the market itself has done over the years.
Now, in the arsenal of data recently made public, a Trump appears with a bad tide in business, but with much better fortune as showman television, judging by the emoluments he obtained as a presenter of The Apprentice (The Apprentice), or famous reality show where the current president, in the role of business guru, examined the projects of aspiring entrepreneurs. Both this program and related contracts and licenses earned him $ 427 million, which he invested in golf courses.
On the other hand, over the next four years, more than $ 300 million in loans will come due, for which Trump himself is personally responsible.
The newspaper details that all the information published on Sunday was obtained through sources with legal access to it and that it was able to prove the veracity of parts of it when comparing it with some separate documents that came to light in the last years. For example, in October 2016, just before the election, the Times reported that in 1995 Trump declared losses of $ 916 million from the ruin of his Atlantic City casinos and other failed businesses, resulting in a tax deduction of up to $ 50 million in revenue per year “which could have allowed him to to legally avoid paying any federal income tax for the next 18 years ”.
Against the background of their financial problems, the documents always reveal, according to the Times, the conflicts of interest generated by Trump’s refusal to withdraw from his business while at the White House. The documents put concrete numbers of money flow from lobbyists, businessmen and foreign officials to some of their properties for the first time, becoming bazaars of influence. This is the case for his hotel in Washington, which received a payment of $ 397,602 from the Billy Graham Evangelical Association for an event in 2017.
His Mar-a-Lago golf club in Palm Beach, Florida, one of Trump’s most lucrative businesses, known as the Southern White House, is a common source of conflict of interest complaints. Mar-a-Lago’s income has grown considerably since Trump announced his presidential run. The club has seen a flurry of new members since 2015, which has allowed it to pocket an additional five million a year, according to the Times. The new courtiers almost multiplied by 10 what the club enters through the members’ entrance fees, according to the newspaper, from $ 664,000 in 2014 to six million in 2016. In 2017, Trump doubled the amount that new members must pay belong to the club.
The documents also show, according to the Times, how major disbursements have been made by different companies to hold events and congresses in Mar-a-Lago since Trump’s presidency. The same goes for other Trump properties, such as his golf club in Doral (Miami), which raised at least 7 million from Bank of America between 2015 and 2016, or $ 406,599 from the U.S. Chamber of Commerce in 2018.