The president said he « probably » owed money to banks or foreign entities – after his $ 400,000,000 debt was revealed in his leaked tax returns
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Donald Trump has repeatedly said that $ 400 million is a « very small amount » and has confirmed that he « probably » owes money to foreign entities
The president’s $ 400 million debt was exposed in income statements released last month by The New York Times
Asked about them at an NBC News town hall in Miami, Florida, the president said the hefty sum was a « peanut, » saying he was « very under-indebted » relative to his net worth total
And President Trump swore at The Times, saying they had acted illegally, their numbers were wrong and if they had their tax returns they should be « in jail »
But when asked about a major issue hanging over his finances – whether he owes any money to foreign entities, he replied: « Not to my knowledge I mean, probably
« Because it’s so easy to solve And if you want to do it I’ll let you know who I owe money to, no matter how small the money »
He added: « I mean two things Number one is a very small amount of money Number two is very straight This is very straight But it is a small percentage of the total value »
He said: « I did part of this service in favor of the institutions that wanted to lend me money »
He said: « No I don’t owe Russia money I owe a very, very small – it’s called mortgages People have a house, they get a mortgage »
The New York Times reported that the president appears to have up to $ 400 million in debt over the next four years
The Times also reported that in 2016 and 2017 Trump paid only $ 750 (£ 582) in federal income taxes
His documents also indicate that he paid no government taxes for 11 of the 18 years that were examined by the newspaper
Although he reported hundreds of millions of dollars in income, Trump effectively wiped out his tax bill by reporting heavy losses in his business interests
Donald Trump, Russia, NBC News
World news – GB – Trump says $ 400 million is « small amount » and that he « probably » owes foreign entities
SOURCE: https://www.w24news.com
