A report published by The New York Times not only revealed that the president of the United States, Donald Trump, you hardly pay taxes and has debts over $ 400 million, it also has exorbitant expenses in hairdresser, stylists and makeup artists.
The prestigious New York newspaper reported that the US president only paid $750 in taxes in 2016 and another $750 in 2017, while he did not pay federal taxes in 11 of the 18 years between 2000 and 2017.
New York Times: Trump paid just $ 750 in taxes in 2016 and 2017
Despite paying almost no taxes, the investigation determined that the president has personal debts reaching $421 million, which should be paid in the next four years, a volume of debt that puts your solvency at risk. This could mean that if he is reelected president of the United States, he would have to declare himself insolvent in the middle of his term.
However, what is most striking are some particular exorbitant expenses in hair care and in her daughter Ivanka Trump’s makeup artist. Thus he reduced his tax base by declaring $ 70,000 expense for hair care in his years as head of “The Apprentice”, A reality show where a director was sought for one of Trump’s companies, and others 100.000 for the payment of stylist and her daughter Ivanka’s favourite makeup artist.
Trump also paid him almost $ 750,000 to his daughter Ivanka for working at the Trump Organization, another deductible cost that could be fraudulent, the New York newspaper reported.
Trump, the billionaire president who does not pay taxes
In terms of his income, Trump received about $ 427 million both for his television program and for giving his name to real estate projects and other businesses. Despite these revenues, between the mid-1980s and the late 1990s it had lost nearly $ 1 billion.
Following the publication of The New York Times, the president of the United States limited himself to replying in a short message on Twitter: “FAKE NEWS!”.
— Donald J. Trump (@realDonaldTrump) September 28, 2020