Published 12:09 IST, September 30th 2020
US Presidential Debate 2020: Trump says private investors like him 'don't want to pay tax'
US President Donald Trump said that he paid “millions of dollar in taxes” but declined to reveal the exact amount during the first presidential debate.
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US President Donald Trump said that he paid “millions of dollar in taxes” but declined to reveal exact amount during first presidential debate in Cleveland. first of three scheduled presidential debates was held at Case Western Reserve University in Cleveland with a limited in-person audience in wake of coronavirus pandemic.
US President has been facing backlash over a New York Times report which claimed Trump paid federal income taxes in 10 of past 15 years, largely because he reported losing much more money than he me. report furr said that Trump paid only $750 in federal taxes year he was elected and $750 again in his first year in White House.
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Fox News moderator Chris Wallace asked US President about report which he h earlier dismissed as “totally fake news.” Trump said that he attempted to avoid taxes, mitting he doesn’t “want to pay tax”. He ded that private investors like him “go through laws” to avoid tax unless “y are stupid”.
"I paid millions of dollars in taxes. Millions of dollars in income tax," he said.
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Resisting 'dragnet' subpoena
Earlier this month, Trump urged federal court of appeals to block enforcement of "dragnet" subpoena by Manhattan's top prosecutor for his tax returns. Trump appealed against US District Judge Victor Marrero’s order to allow enforcement of subpoena which will force US President to disclose eight years of business and personal tax returns from his longtime accounting firm, Mazars USA.
According to media reports, Trump's lawyers told 2nd US Circuit Court of Appeals in New York that lower court judge erred in giving green light to Manhattan District Attorney Cyrus Vance for obtaining tax records to vance a criminal probe into his businesses. Trump has been resisting subpoena for more than a year and seeking absolute immunity from criminal probe while he remains in White House.
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12:10 IST, September 30th 2020