After new revelations, Biden portrays Trump as a tax evader


Joe Biden, the Democratic presidential candidate, painted Donald Trump as a tax evader after it was revealed the president had paid no federal income taxes for many years for many years and only paid $ 750 in his first year in the White House.

Hours after the New York Times reported that Mr. Trump had often avoided paying taxes by offsetting his business losses against his tax liabilities, Mr. Biden launched an ad comparing the president's payments to those of ordinary Americans.

A video posted on Twitter in the Biden campaign stated that elementary school teachers typically pay more than $ 7,000 a year in income tax, while firefighters pay more than $ 5,000 and nurses more than double that.

The New York Times said Mr Trump paid $ 750 when he ran for presidency in 2016, including his first year in office in 2017, while paying nothing for 11 of the 18 years he was under review.

Nancy Pelosi, Democratic spokeswoman for the House of Representatives, said the revelations provided "a glimpse into the extraordinary measures President Trump has taken to play the tax law and avoid paying his fair share of taxes while hard-working Americans do so." ".

Republicans were largely silent about the revelations that came as Mr. Trump and Mr. Biden prepared to attend the first presidential debate on Tuesday.

During a debate in the 2016 campaign, Hillary Clinton claimed Mr. Trump did not want to publish his tax returns because he had not paid federal tax. "That makes me smart," he replied.

Mr Trump promised during this campaign that he would publish his returns, following a tradition since the Richard Nixon presidency, but he later withdrew, claiming he could not publish them because he was being audited by the Internal Revenue Service.

Mr Trump responded to the New York Times report on Monday by claiming it was "false news" based on "information obtained illegally". He said he has paid “millions in taxes” and “like everyone else” is entitled to depreciation and tax credits.

Mr Biden, who has been publishing his tax return for more than 20 years, said earlier this year that the public "deserves to know what this president is hiding".

Mr Trump's finances have been the subject of intense interest since he started his presidential campaign in 2015. While invoking the audit to defend his decision not to publish his filing, his own IRS commission stated last year that there was no rule preventing President from releasing returns that are still under review were.

His assets and business overseas have also been the subject of questions about possible conflicts of interest and the potential foreign powers might have to influence him.

As details of his taxes became known in media reports and statements from former aides, additional questions arose as to whether he had inappropriately avoided taxes and manipulated the reported value of his assets to obtain loans or reduce tax liabilities.

The New York Times reported in 2018 that much of his wealth was made available to him by his father in the form of remittances that included "dodgy tax systems" to avoid inheritance taxes.

Democratic lawmakers in Congress have requested copies of its tax records since taking control of the House following the 2018 midterm elections, but have so far been unsuccessful.

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Steven Mnuchin, the Treasury Secretary, declined to forward the president's tax information to the House Ways and Means committee, which has the power to review individual tax returns, which triggered a lawsuit.

Mr Trump also sued to stop his lenders, Deutsche Bank and Capital One, and his accountant, Mazars USA, and gave his return to several other House committees in response to subpoenas from Congress.

Manhattan District Attorney Cyrus Vance has also obtained Mr. Trump's tax return as part of an ongoing criminal investigation. Mr Trump has fought in court to prevent Mr Vance from getting the information.

Earlier this year the Supreme Court issued a mixed ruling on the President's efforts to block the subpoenas from Congress and Mr Vance's efforts. Although the court dismissed Mr. Trump's immunity claims from the investigation, it sent the lawsuit back to the lower courts, effectively delaying the final decision until after the November 3rd election.

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