Trump’s refusal to say that he’d peacefully transfer power may just be bluster. ![]() ![]() What if Trump loses but won’t concede? How a constitutional crisis could play out But Internal Revenue Service figures indicate that the average tax filer paid roughly $12,200 in 2017, about 16 times more than what the president paid. Nearly half of Americans pay no income taxes, primarily because of how low their incomes are. The tax filings also illustrate how a reputed billionaire could pay little to nothing in taxes, while someone in the middle class could pay substantially more. His financial disclosures indicated he earned at least $434.9 million in 2018, but the tax filings reported a loss of $47.4 million. The details of the tax filings complicate Trump’s description of himself as a shrewd and patriotic businessman, revealing instead a series of financial losses and income from abroad that could come into conflict with his responsibilities as president. Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid no federal income taxes in 10 of the past 15 years. President Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in the New York Times.
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