Trump vs Biden: Trump's Taxes

Trump paid just $750 in taxes in both 2016 and 2017, his first years as president. The average American married couple pays $750 in federal taxes per month. Those who earned $60,000 per year paid more in Medicare and Social Security taxes per month than Trump paid in income tax per year.

In a 2016 presidential debate against Hillary Clinton, Trump asserted that not paying taxes “Makes him smart.” Even if the tax rate on the richest Americans has been steadily coming down over the decades, the richest Americans still pay more in taxes than what the president has.  Experts say that the Trump tax report shows an aggressive level of tax avoidance and unusually persistent losses. 

The Case for Trump

Trump paid $95 million in taxes over the 18 years in the New York Times article’s study. That article also shows that Trump was, as he has always maintained, under audit by the IRS related to a $72.9 million refund he claimed and received. 

For further reading...

https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html

https://www.snopes.com/ap/2020/09/27/5-takeaways-from-ny-times-report-on-trumps-tax-returns/

https://www.latimes.com/business/story/2020-09-28/trump-taxes-750-tax-payment

https://www.politifact.com/factchecks/2020/sep/30/hugh-hewitt/experts-say-trump-tax-report-shows-aggressive-tax-/