President Trump on Sunday pushed back on a New York Times report that said he paid $750 in federal income tax in both the year he won the presidency and his first year in the Oval Office — insisting that he “paid a lot” to Uncle Sam.
“It’s fake news. It’s totally fake news,” said Trump in a wide-ranging White House press briefing. “Made up. Fake.”
The Times, which said it obtained long-sought tax information for the president, reported Sunday that in 11 of the 18 years for which it examined records Trump paid no federal income taxes at all, in part because he reported overall financial losses.
As he has done since launching his successful White House bid, Trump said that he is unable to release his financial records because he is being audited by the Internal Revenue Service.
“It’s under audit. They’ve been under audit for a long time,” he said. “The IRS does not treat me well.
“When they’re not [under audit], I would be proud to show [them].”
While not furnishing any paperwork, Trump said he has paid heavily.
“First of all, I paid a lot,” he said. “I paid a lot of state income taxes too. New York State charges a lot.”
Trump again vowed that the information would eventually see the light of day once the audit is complete.
“It’ll all be revealed,” he said. “I look forward to releasing many things. I’m going to release many things and people will be really shocked.”