New York: US President Donald Trump paid no federal income taxes in 10 of the past 15 years, according to a blockbuster report in The New York Times that provides the most detailed view yet into his tax history.
Trump, who is the only president in modern times not to make his tax returns public, paid $US750 ($1000) in federal taxes the year he was elected, 2016. He paid the same amount again in his first year in office, the Times reported.
American workers with incomes of between $US20,000 and $US50,000 ($28,000 and $70,000) pay an average of $US1871 in federal income taxes annually – twice that paid by Trump in 2016 and 2017, the Times said.
Trump was able to minimise his tax bill by reporting heavy losses across his business empire. The Times reported Trump claimed $US47.4 million in losses in 2018, despite claiming income of at least $US434.9 million in a financial disclosure that year.