Cleveland, United States:
United States President Donald Trump said today he “paid millions of dollars in taxes” in the first presidential debate in Cleveland while facing Democratic challenger Joe Biden.
A New York Times said last week that Trump paid just $ 750 in federal income taxes in 2016, the year he won the election. The report, which cited tax return data spanning more than 20 years, said he paid no income tax at all in 10 of the last 15 years because he said he lost much more money than he made .
Trump had dismissed the report as “completely wrong news“.
During the first presidential debate, moderator Chris Wallace asked the US president again about the New York Times report on Tuesday.
Trump had to say how much he had paid in taxes but declined. “I’ve paid millions of dollars in taxes. Millions of dollars in income tax,” he said. Then he said he had tried to avoid taxes as much as possible, pointing out tax breaks that he and others wanted to claim.
“I don’t want to pay taxes,” he said. He added that private investors like each other, “If they’re not stupid, go through the law and that’s it.”
Just before the debate, he wrote on Twitter: “I paid millions of dollars in taxes, but like everyone else, I was entitled to write-offs and tax credits.”
“I am extremely underfunded – I have very little debt compared to the value of the assets,” the US president said in a tweet on Tuesday.