Support 100 years of independent journalism.

  1. US Election 2020
28 September 2020updated 28 Jul 2021 5:25am

The NYT obtains, publishes decades of Trump tax return data

Emily Tamkin writes: The New York Times has obtained years of President Donald Trump's tax return data, covering not just the president but his companies. The president famously broke precedent by not making this information available to the public, but the Times has. The paper found that, for 11 of the 18 years its reporters examined, the president paid no federal income taxes. In 2017, the year he became president, he paid just $750. He achieved this by declaring losses and claiming tax deductions on, for example, aircraft and hairstyling. One such measure, a $72.9 million tax refund, is under audit by the Internal Revenue Service. The Times has said it will publish more related to Trump's taxes. It remains to be seen whether this, like so many prior scandals, will bounce off the president or infuriate voters, the majority of whom pay more in taxes than the president. Trump has dismissed the reporting as "fake news."

By Emily Tamkin

Sign up for The New Statesman’s newsletters Tick the boxes of the newsletters you would like to receive. Quick and essential guide to domestic and global politics from the New Statesman's politics team. The New Statesman’s global affairs newsletter, every Monday and Friday. The best of the New Statesman, delivered to your inbox every weekday morning. A handy, three-minute glance at the week ahead in companies, markets, regulation and investment, landing in your inbox every Monday morning. Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. A weekly dig into the New Statesman’s archive of over 100 years of stellar and influential journalism, sent each Wednesday. Sign up to receive information regarding NS events, subscription offers & product updates.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy