NY Times: Trump paid no income taxes in 10 out of 15 years beginning in 2000

Anderson Cooper 360

CNN

News

3.7 • 3.8K Ratings

🗓️ 28 September 2020

⏱️ 41 minutes

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Summary

Tax return data obtained by The New York Times shows Donald Trump reported he was losing significantly more money than he made and has paid no income taxes in 10 of the past 15 years beginning in 2000. President Trump claimed the report is “fake news” and said he pays “a lot” in federal income taxes. Tim O’Brien, Senior Columnist at Bloomberg Opinion and a Trump Biographer, joins AC360 and says “the taxes show that he’s an abysmally bad businessman and deal maker but someone who’s not shy at all about bending the tax code to the point that the IRS is now auditing him.” Plus, with the first 2020 presidential debate days away, John Kasich, former Republican Ohio Governor and 2016 Presidential Candidate, who debated Trump, tells Anderson Cooper you can’t go into the gutter and “start throwing mud” because you’ll lose. Airdate: September 27, 2020 Guests: Tim O’Brien John Kasich To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

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0:00.0	Good evening, we'd intended to bring you a special two-hour debate preview tonight, and
0:05.1	we're going to focus a lot on the debate.
0:06.8	But instead, we begin with breaking news, and while it will almost certainly factor into
0:10.3	the debate, it is huge in its own right.
0:12.8	Shortly before we came to air, a massive piece of investigative reporting hit The New
0:16.0	York Times' website.
0:17.7	The subject is President Trump's taxes, most significantly how little he pays and has
0:22.5	paid.
0:23.5	Quoting now from the lead, Donald J. Trump paid $750.
0:27.6	In federal income taxes, the year he won the presidency.
0:30.7	In his first year in the White House, he paid another $750.
0:35.2	Not $750,000.
0:37.2	$750.
0:38.9	He had paid no income taxes at all in ten of the previous fifteen years, according to
0:43.5	The New York Times, largely because he reported losing much more money than he made, they
0:48.8	said.
0:49.8	The Times's report is headlined, long concealed record show Trump's chronic losses in years
0:54.7	of tax avoidance.
0:56.5	Times's Susan Craig, Russ Butiner, and Mike McIntyre share the byline.
1:01.2	They write, The New York Times have obtained tax return data extending over more than two
1:05.3	decades from Mr. Trump and the hundreds of companies that make up his business organization,
1:10.0	including detailed information from his first two years in office.
	...

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