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30 Nov 2020 11:27
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  •   Home > News > Politics

    Donald Trump says he's paid "many millions of dollars in taxes" but was entitled to depreciation and tax credits

    Donald Trump says he's paid "many millions of dollars in taxes" but was entitled to depreciation and tax credits


    The US President adds he was under-leveraged, having more assets than debt.

    He's responding in a series of Twitter posts to a New York Times report that he paid just $US750 in federal income taxes in both 2016 and 2017.

    That followed years of reporting heavy losses from his business enterprises.

    Trump says he paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation and tax credits.

    © 2020 Newstalk ZB, NZCity


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     30 Nov: Final meetings for a key earthquake advocacy group
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    Ireland have beaten Georgia 23-10 in their Autumn Nations Cup rugby test at Lansdowne Road More...


    BUSINESS BUSINESS
    The race is on to ensure next year's WOMAD music festival can go ahead More...



     Today's News

    Business:
    The race is on to ensure next year's WOMAD music festival can go ahead 11:07

    Sailing:
    There will be five official practice race days ahead of the America's Cup World Series regatta and Christmas Cup in Auckland next month 11:07

    Entertainment:
    Bindi Irwin gushed about how "beautiful" her baby daughter is whilst watching her ultrasound 10:59

    International:
    F1 driver Romain Grosjean escapes with just minor injuries after car crashes and explodes into fireball in Bahrain Grand Prix 10:57

    Politics:
    Families of the CTV building victims are considering taking their plight to the United Nations 10:47

    Business:
    A refund request to the Government -- from a scenic flight operator 10:37

    International:
    US politics live updates: Donald Trump gives first interview since election as Wisconsin finds more votes for Biden in recount 10:17

    Motoring:
    Ireland have beaten Georgia 23-10 in their Autumn Nations Cup rugby test at Lansdowne Road 10:07

    International:
    The British stole Benin's bronzes. It's a theft that still hurts 9:47

    Politics:
    Final meetings for a key earthquake advocacy group 9:27


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