The Times drops the mother lode on Trump’s taxes

Yesterday, the New York Times reporters Russ Buettner, Susanne Craig, and Mike McIntire—and if you recognize the byline you’ll know where this sentence is headed—published a mammoth story based on recent tax returns that President Trump filed with the Internal Revenue Service, records that the Times obtained from sources with “legal access.” The paper reported that Trump paid just $750 in federal income tax in both 2016 and 2017—even less than Richard Nixon paid in 1970, when the public uproar was such that it set the precedent for presidential candidates (though not Trump) to publish their returns. In ten of the fifteen years prior to 2016, Trump paid no federal income tax at all, a result, in large part, of his persistent business losses. There are many other details in the story—from Trump’s ongoing IRS audit to his nearly-due debts to his conflicts of interest abroad—and, tantalizingly, the Times says there are more to come. That could mean an October surprise, which yesterday’s story technically wasn’t. Somehow, it’s still only September. As my Columbia colleague Emily Bell pointed out last night, as well as not landing in October, the Times’s story was not exactly surprising. Its topline conclusion—that “ultimately, Mr. Trump has been more successful playing a business mogul than being one in real life”—is well-known, thanks, in no small part, to the past work of Buettner and Craig; last year, after they reported on Trump’s tax returns from 1985 to 1994 (during... Continue reading at 'Columbia Journalism Review'

[ Columbia Journalism Review | 2020-09-28 12:10:20 UTC ]

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