FILE PHOTO: U.S President Donald Trump holds an event to announce his nominee of U.S. Court of Appeals for the Seventh Circuit Judge Amy Coney Barrett to fill the Supreme Court seat left vacant by the death of Justice Ruth Bader Ginsburg, who died on September 18, at the White House in Washington, U.S., September 26, 2020. REUTERS/Carlos Barria
WASHINGTON (Reuters) - President Donald Trump paid just $750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his business enterprises to offset hundreds of millions of dollars in income, the New York Times reported on Sunday, citing tax-return data.
In a report that Trump dismissed as "fake news," the Times said the Republican president also paid no federal income taxes in 10 of the previous 15 years through 2017, despite receiving $427.4 million through 2018 from his reality television program and other endorsement and licensing deals.
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