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15 Jul 2025 7:45
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  •   Home > News > Business

    Donald Trump says he's paid "many millions of dollars in taxes" but was entitled to depreciation and tax credits

    Donald Trump says he's paid "many millions of dollars in taxes" but was entitled to depreciation and tax credits


    The US President adds he was under-leveraged, having more assets than debt.

    He's responding in a series of Twitter posts to a New York Times report that he paid just $US750 in federal income taxes in both 2016 and 2017.

    That followed years of reporting heavy losses from his business enterprises.

    Trump says he paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation and tax credits.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     15 Jul: The Commerce Commission is taking legal action against Foodstuffs North Island and Gilmours Wholesale, over alleged cartel behaviour
     14 Jul: Meal-kit company HelloFresh has pleaded guilty to five charges of misleading customers
     14 Jul: Continued tough news for our economy -- with the service sector still not back in recovery mode
     14 Jul: Retail spending's risen in June, as Kiwis fork out for a winter wardrobe
     14 Jul: The Education Minister wants to build our numbers of overseas students
     14 Jul: Attempts to patch up what's being described as our broken energy market, don't yet stretch far enough
     13 Jul: Belief the Government needs to step up, and make urgent changes to the energy market
     Top Stories

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    Coach Scott Robertson's laying down a challenge to the All Blacks squad with their series against France already in the bag ahead of the third and final test More...


    BUSINESS BUSINESS
    The Commerce Commission is taking legal action against Foodstuffs North Island and Gilmours Wholesale, over alleged cartel behaviour More...



     Today's News

    Entertainment:
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    Politics:
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    Politics:
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    Entertainment:
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    Business:
    The Commerce Commission is taking legal action against Foodstuffs North Island and Gilmours Wholesale, over alleged cartel behaviour 7:07

    Entertainment:
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    Entertainment:
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