Latest National taxes News

FILE - In this Friday, Dec. 22, 2017 file photo, President Donald Trump speaks to reporters after signing a tax bill and continuing resolution to fund the government, in the Oval Office of the White House in Washington. Trump’s true financial picture has gotten renewed scrutiny in the wake of a New York Times report in September 2020 that he declared hundreds of millions in losses in recent years, allowing him to pay just $750 in taxes the year he won the presidency, and nothing for 10 of 15 years before that. (AP Photo/Evan Vucci)

Trump facing devastating debt load? Experts say not so fast

Sep. 29, 2020 7:03 PM EDT

NEW YORK (AP) — President Donald Trump reportedly must pay back more than $300 million in loans over the next four years, raising the possibility his lenders could face an unprecedented situation should he win a second term and not be able to raise the money: foreclosing on the leader of the free world....

Democratic vice presidential candidate Sen. Kamala Harris, D-Calif., speaks with members of the media at Trophy Brewing and Pizza during a campaign visit in Raleigh, N.C., Monday, Sept. 28, 2020. (AP Photo/Gerry Broome)

The Latest: Kamala Harris previews Biden's focus for debate

Sep. 29, 2020 6:09 PM EDT

WASHINGTON (AP) — The Latest on the 2020 presidential election (all times local): 5:50 p.m. Kamala Harris says her running mate, Joe Biden, will share his vision for tackling the coronavirus and rebuilding the nation’s economy during his presidential debate against President Donald Trump. The...

Democratic presidential candidate former Vice President Joe Biden walks off stage after giving a speech on the Supreme Court at The Queen Theater, Sunday, Sept. 27, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

Biden releases 2019 taxes as pre-debate contrast with Trump

Sep. 29, 2020 5:53 PM EDT

WASHINGTON (AP) — Democratic presidential nominee Joe Biden paid nearly $288,000 in federal income taxes last year, according to returns he released just hours before his Tuesday night debate with President Donald Trump. The move came following a report from The New York Times that Trump paid just $750 in...

President Donald Trump speaks about coronavirus testing during an event in the Rose Garden of the White House, Monday, Sept. 28, 2020, in Washington. (AP Photo/Evan Vucci)

Ethics experts see national security concern in Trump's debt

Sep. 29, 2020 4:25 PM EDT

WASHINGTON (AP) — Revelations that President Donald Trump is personally liable for more than $400 million in debt are casting a shadow that ethics experts say raises national security concerns he could be manipulated to sway U.S. policy by organizations or individuals he’s indebted to. New scrutiny...

President Donald Trump speaks about coronavirus testing during an event in the Rose Garden of the White House, Monday, Sept. 28, 2020, in Washington. (AP Photo/Evan Vucci)

Ethics experts see national security concern in Trump's debt

Sep. 29, 2020 4:06 PM EDT

WASHINGTON (AP) — Revelations that President Donald Trump is personally liable for more than $400 million in debt are casting a shadow over his presidency that ethics experts say raises national security concerns he could be manipulated to sway U.S. policy by organizations or individuals he’s...

President Donald Trump arrives to speak about coronavirus testing strategy, in the Rose Garden of the White House, Monday, Sept. 28, 2020, in Washington. (AP Photo/Evan Vucci)

Times' tax story is talker, but perceptions mostly hold

Sep. 29, 2020 4:03 PM EDT

NEW YORK (AP) — Orlando Sentinel Editor-in-Chief Julie Anderson was curious how readers in polarized central Florida would react to her newspaper leading Monday's edition with a report that President Donald Trump paid just $750 in federal income tax in 2016 and 2017 — and no income tax at all in 10...

President Donald Trump talks about the Endurance all-electric pickup truck, made in Lordstown, Ohio, at the White House, Monday, Sept. 28, 2020, in Washington. (AP Photo/Evan Vucci)

Trump went even further than other uber-rich to shrink taxes

Sep. 29, 2020 3:54 PM EDT

WASHINGTON (AP) — The tax-avoidance strategies that President Donald Trump capitalized on to shrink his tax bill to essentially zero are surprisingly common among major real estate developers and other uber-wealthy Americans. Yet Trump characteristically pushed those strategies to the limit —...

President Donald Trump speaking during a news conference at the White House, Sunday, Sept. 27, 2020, in Washington. (AP Photo/Carolyn Kaster)

NY Times: Trump paid $750 in US income taxes in 2016, 2017

Sep. 28, 2020 11:45 AM EDT

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report in The New York Times. Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid no federal...

President Donald Trump gestures while speaking during a news conference at the White House, Sunday, Sept. 27, 2020, in Washington. (AP Photo/Carolyn Kaster)

Trump's tax revelation could tarnish image that fueled rise

Sep. 28, 2020 8:34 AM EDT

WASHINGTON (AP) — The bombshell revelations that President Donald Trump paid just $750 in federal income taxes the year he ran for office and paid no income taxes at all in many others threaten to undercut a pillar of his appeal among blue-collar voters and provide a new opening for his Democratic rival,...

President Donald Trump pauses as he speaks during a news conference at the White House, Sunday, Sept. 27, 2020, in Washington. (AP Photo/Carolyn Kaster)

5 takeaways from NY Times report on Trump's tax returns

Sep. 28, 2020 12:53 AM EDT

WASHINGTON (AP) — A New York Times report that President Donald Trump paid just $750 in federal income tax the year he entered the White House — and, thanks to colossal losses, no income tax at all in 11 of the 18 years that the Times reviewed — served to raise doubts about Trump's self-image...