Why was Trump hiding his tax reports? New York Times discloses
U.S. President Donald Trump speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., U.S., on Sunday, Sept. 27, 2020. Trump denied a report that he paid just $750 in federal income taxes in 2016 and 2017, and repeated his stance to only share his tax returns after an audit is finished. Photographer: Chris Kleponis/Polaris/Bloomberg via Getty Images
New York, 28th September: ‘New York Times’ has finally revealed the tax reports of American President Donald Trump that he had been hiding for so long. It was one of the biggest secrets of the nation.
Times journalists Russ Buettner, Susanne Craig, and Mike McIntire obtained “tax-return data extending over more than two decades” related to the president, and have revealed their findings in a new report.
Some questions that arise when we ask ourselves why Trump had been hiding his Tax return data are whether he had been avoiding taxes in the past years or is he not as successful as he claims to be or perhaps he was claiming legally dubious deductions?
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The answer to these questions is YES!
The report concluded that Trump wasn’t paying taxes and that he isn’t as rich as he says he is. Infact his company is in a loss and is taking loans which is enough to ruin his reputation and credibility.
One of the other reasons why this report destroyed Trump’s image is that it leaked that he owes $100 million to the government. None of this looks good politically.
The report also explained why he did not show his tax reports before the elections unlike his competitors was that he had not paid any taxes from 2011 till 2014.
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As per sources, the real reason why he hasn’t paid taxes is that his companies incur a lot of losses. Though some of his companies make profits as well such as the Apprentice and Trump Tower, others make losses that he has to cover.
Another reason why he hasn’t disclosed his tax reports was that there were transactions that were not justified or supported and that could’ve led to Donald Trump facing issues legally in court.
Stay tuned to Baaghi TV for all interesting updates!
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