In a series of Monday morning tweets, President Donald Trump ripped the “Fake News Media” for bringing up his taxes just like they did prior to the 2016 election.
Trump wrote that he has paid “many millions of dollars in taxes” and noted that he was “entitled, like everyone else, to depreciation & tax credits.”
His tweets defending his tax payments come amid a New York Times report that claimed he paid just $750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his businesses.
Trump has called the report “fake news.” He also tweeted that the information reported by the newspaper was “illegally obtained.”
The New York Times said it obtained information on the president’s tax returns spanning more than two decades.
Trump wrote that he is “extremely under leveraged” and has more assets than debt.
He called his financial statement “very IMPRESSIVE” and said he owns “extraordinary assets.”
Trump has refused to release his tax returns because he says they are under audit by the Internal Revenue Service.
He concludes his posts by touting that he is the “only President on record to give up my yearly $400,000 plus Presidential Salary!”
© 2022 Newsmax. All rights reserved.