SUMMARY
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The New York Times on Sunday, September 27, published a major report into US President Donald Trump’s federal income tax affairs, weeks ahead of the November 3 election when he hopes to win a second term.
Here are some of the allegations made by the paper, which said it had viewed tax data dating back 20 years.
– Trump paid no federal income taxes in 11 of 18 years that the paper examined
– In 2017, after he became president in the 2016 election, his federal income tax bill was only $750
– He reduced his tax bill via a $72.9 million tax refund that is the subject of an Internal Revenue Service audit
– Many of his golf courses report losing large amounts of money
– Hundreds of millions of dollars in loans he personally guaranteed will soon be due for repayment
– He took tax deductions on residences, aircraft, and $70,000 in hairstyling for television – Rappler.com
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