7 takeaways from New York Times report on President Trump’s tax returns

9/28/20
 
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from CBS News,
9/28/20:

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 — is raising doubts about President Trump’s self-image as a shrewd and successful businessman.

Here are seven key takeaways from the Times’ reporting:

1. Trump paid $750 in taxes in both 2016 and 2017

2. A lavish lifestyle through business expenses

3. Some of his best-known businesses lose millions

4. Foreign visitors help support Trump properties

5. He may have paid family members in “consulting fees”

6. Trump’s lucrative licensing revenue has dwindled

7. Trump’s debt load is coming due

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7 takeaways from New York Times report on President Trump’s tax returns