Fact-Checking Trump’s Claim That He ‘Prepaid Millions’ in Income Taxes - 2 minutes read
As a result, the records show, he ultimately paid just $750 in both 2016 and 2017, and nothing at all in 10 of the previous 15 years.
In 2016 and 2017, the most recent two years covered in the personal tax records obtained by The Times, Mr. Trump requested extensions to file his individual returns. Each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. In addition, over the years Mr. Trump has occasionally made other tentative payments, $503,982 since 2008.
The Times does not have Mr. Trump’s personal income tax information for 2018 and does not know whether he had a federal income tax bill that year to which he could have applied these tentative payments. Mr. Trump, like most Americans, regularly paid other types of federal taxes, including Medicare and Social Security, and the tentative payments he rolled forward could also be used to pay those taxes.
Since The Times’s investigation was published in late September, Mr. Trump has chafed at its findings, at times conflating federal income taxes with other kinds of taxes.
“Basically they are saying I paid nothing,” he said at a White House press briefing several weeks ago. “First of all, I paid a lot. I paid a lot of state income taxes too.”
Source: New York Times
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In 2016 and 2017, the most recent two years covered in the personal tax records obtained by The Times, Mr. Trump requested extensions to file his individual returns. Each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. In addition, over the years Mr. Trump has occasionally made other tentative payments, $503,982 since 2008.
The Times does not have Mr. Trump’s personal income tax information for 2018 and does not know whether he had a federal income tax bill that year to which he could have applied these tentative payments. Mr. Trump, like most Americans, regularly paid other types of federal taxes, including Medicare and Social Security, and the tentative payments he rolled forward could also be used to pay those taxes.
Since The Times’s investigation was published in late September, Mr. Trump has chafed at its findings, at times conflating federal income taxes with other kinds of taxes.
“Basically they are saying I paid nothing,” he said at a White House press briefing several weeks ago. “First of all, I paid a lot. I paid a lot of state income taxes too.”
Source: New York Times
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