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REVEALED: Trump’s taxes show huge losses and tax dodging schemes

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President Donald Trump. (AFP Photo/MANDEL NGAN)

The New York Times has President Donald Trump’s taxes and they’re exactly what biographers and experts have been claiming for years.

Documents show Trump only paid $750 in federal income taxes in 2016, despite being a self-described billionaire

He also only turned over $750 to the IRS after his first year in the White House.

To make matters worse, Trump hasn’t paid any income tax in 10 of the past 15 years because he claims that he’s losing far more money than he actually makes.

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For someone who ran as a “businessman” who wanted to run the government like a business, it doesn’t seem like the best message.

“The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public,” said the Times. “His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.”

There are two-decades of data for Trump, as well as the hundreds of companies — from resorts to wineries and golf courses.

The Trump Organization’s lawyer claims it is all fake news.

“Over the past decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015,” Alan Garten said in a statement.

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The Times revealed that public filings show a very distorted picture of the president’s finances than what he’s claimed in the past.

“In 2018, for example, Mr. Trump announced in his disclosure that he had made at least $434.9 million. The tax records deliver a very different portrait of his bottom line: $47.4 million in losses,” the report also said.

Read the full report at the NYT.

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2020 Election

WATCH: Former Trump voters explain what sent them over the edge — and got them to back Biden

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HuffPost reporter Daniel Marans talked with voters Tuesday outside the Luzerne County building in Wilkes-Barre, Pennsylvania, ahead of President Donald J. Trump's rally in the state. The line for early voting was about an hour long with most of the queue being held inside. Marans reported that, "People also have questions/requests. But you can drop off a pre-completed absentee ballot in the blue box."

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Trump’s strategy against Joe Biden and the coronavirus is to increasingly accept defeat: columnist

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In an op-ed for the New York Times this Tuesday, Ross Douthat says that the Trump administration is beginning to see the writing on the wall as Election Day grows closer.

According to Douthat, Trump's 2020 campaign "has been stuck toggling back and forth between two very different narratives."

"One seeks to replay the last campaign, portraying Joe Biden as the embodiment of a failed establishment (hence all the references to his 47 years in Washington) who will sell out American interests to China as soon as he’s back in power," he writes.

The other is Trump apparently insistence in running against Joe Biden as if he's Bernie Sanders. While a skilled campaigner could have weaved these narratives together, their contradictions are more obvious when coming from Trump. "The resulting incoherence just feeds his tendency to return to old grudges and very online grievances, as though he’s running for the presidency of talk radio or his own Twitter feed," writes Douthat.

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2020 Election

Trump declared war on mail-in voting — he ended up shooting himself in the foot

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Donald Trump's war on mail-in voting seems, like many of his schemes to steal the election, to be backfiring.

As much as he may publicly deny it, Trump knows he's unpopular and cannot win a free and fair election. So he has determined that the best way to hang onto power is to keep as many Americans from voting as possible. Since nearly the beginning of the coronavirus pandemic, Trump has been waging war against mail-in ballots, which many millions of Americans are using this year in order to avoid crowded and unsafe polling places.

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