Latest National taxes News

Editorial Roundup: US

Sep. 30, 2020 3:49 PM EDT

Excerpts from recent editorials in the United States and abroad: ___ Sept. 30 The San Francisco Chronicle on the presidential debate: Americans should be saddened, if not angered, by the distressingly unhinged debate between President Trump and former Vice President Joe Biden on Tuesday night. Some of the blame...

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)

A lesson from Trump taxes: An underfunded IRS is outmatched

Sep. 30, 2020 2:36 PM EDT

WASHINGTON (AP) — Revelations of President Donald Trump’s near-zero federal income tax payments have underscored the ability of wealthy individuals with high-priced lawyers to outmatch an IRS that has long been understaffed and underfunded. A result is that the IRS has tended to pursue taxpayers of...

President Donald Trump, left, and Democratic presidential candidate former Vice President Joe Biden, right, with moderator Chris Wallace, center, of Fox News during the first presidential debate Tuesday, Sept. 29, 2020, at Case Western University and Cleveland Clinic, in Cleveland, Ohio. (AP Photo/Patrick Semansky)

Chaotic first debate: Taunts overpower Trump, Biden visions

Sep. 30, 2020 6:35 AM EDT

CLEVELAND (AP) — The first debate between President Donald Trump and Democratic challenger Joe Biden deteriorated into bitter taunts and near chaos Tuesday night as Trump repeatedly interrupted his opponent with angry — and personal — jabs that sometimes overshadowed the sharply different...

President Donald Trump, left, and Democratic presidential candidate former Vice President Joe Biden, right, with moderator Chris Wallace, center, of Fox News during the first presidential debate Tuesday, Sept. 29, 2020, at Case Western University and Cleveland Clinic, in Cleveland, Ohio. (AP Photo/Patrick Semansky)

Chaotic first debate: Taunts overpower Trump, Biden visions

Sep. 30, 2020 12:22 AM EDT

CLEVELAND (AP) — The first debate between President Donald Trump and Democratic challenger Joe Biden deteriorated into bitter taunts and near chaos Tuesday night as Trump repeatedly interrupted his opponent with angry — and personal — jabs that sometimes overshadowed the sharply different...

President Donald Trump listens to Democratic presidential candidate former Vice President Joe Biden during the first presidential debate Tuesday, Sept. 29, 2020, at Case Western University and Cleveland Clinic, in Cleveland, Ohio. (AP Photo/Morry Gash, Pool)

The Latest: Trump casts election doubts, Biden urges voting

Sep. 29, 2020 11:05 PM EDT

WASHINGTON (AP) — The Latest on the 2020 presidential election (all times local): 10:50 p.m. President Donald Trump and Democrat Joe Biden are painting a very different picture of the reliability of the upcoming election. Biden urged voters to cast their ballots and not be intimidated by Trump’s...

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 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...