Trump tax return story includes its own fact-check; Did he pay to US Treasury $1 mil in 2016 and $4.2 mil in 2017?

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Oh, those dreaded details… turns out, the New York Times early October surprise about President Trump only paying $750 in federal income taxes in 2016 and 2017 included its own kryptonite.

Democrats and their media allies jumped on the story that the billionaire president who donates his annual $400,000 salary to various government agencies paid such a small amount in taxes, using it as desperate political fodder.

 

President Trump responded Sunday to the Times article to say it was “fake news.”

“That’s just fake news. The New York Times tried it — same thing,” he said at a press conference. “They tried to create a little bit of a story, they’re doing anything they can. The stories I read, they are so fake, they are so phony.”

Leading the way in trying to capitalize on the allegation was Minority Leader Chuck Schumer, D-N.Y., pushing the party line by asking people to raise their hand — via a tweet —  if they paid more in federal income tax than President Trump.

But those raising their hands had better review the article very closely, as the Times reported that in addition to the $750 paid each year, the president paid the U.S. Treasury an additional $1 million in 2016, and $4.2 million in 2017.

That’s right, over $5 million in two years, as a social media user noted, along with the supporting screenshot from the article:

After pointing out that most of the overpayment was rolled forward, not refunded, the social media user declared that the “ever single story saying he paid $750 is a lie.”

Or, in other words, “Trump overpaid millions and just let the IRS hold it for future payments??”

Another important detail was shared by the person, that being that the Times story was based on compensation information “for people who are not Donald Trump” — a screenshot was included to support the claim.

There was some interesting speculation over where the newspaper may have gotten the financial records behind its story:

Here’s a sampling of other responses from Twitter:

Tom Tillison

Senior Staff Writer
[email protected]

The longest-tenured writer at BizPac Review, Tom grew up in Maryland before moving to Central Florida as a young teen. It is in the Sunshine State that he honed both his passion for politics and his writing skills.
Tom Tillison

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