The New York Times has published decades of tax information on US President Donald Trump.
"The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public," the newspaper wrote. "His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes."
The report, which Mr. Trump has already called "fake news", comes a month before the presidential election, and reveals that he paid just $750 in federal income tax both in 2016 (the year he ran for the US presidency) and in his first year in the White House. Also, he had paid no income taxes at all in 10 of the previous 15 years.
After the success of The Apprentice TV show, Mr. Trump did pay significant taxes at first -- $95m over 18 years but he later got most of that back via a $72.9 million federal tax refund. The president has managed to lower his taxes by reporting huge losses on his businesses.
People were angry to hear the news. Eventually, Twitter users even started sharing the times they paid more income tax than the president, comparing their experiences to Mr. Trump's. Here are just a few examples out of thousands.
Taxes on wealthy Americans have declined over the past few decades, and many use loopholes to reduce their taxes below the statutory rates. But most affluent people still pay a lot of federal income tax, and Mr. Trump's tax avoidance sets him apart from most other affluent Americans.
According to the I.R.S., the average federal income rate for the highest-earning .001 percent of tax filers in 2017 was 24.1 percent
Mr. Trump did face large tax bills after the success of The Apprentice but he erased most of these tax payments through a refund. Combined, Mr. Trump initially paid almost $95 million in federal income taxes over18 years. He later managed to recoup most of that money, with interest, by receiving a $72.9 million tax refund, starting in 2010.
The refund reduced his total federal income tax bill between 2000 and 2017 to an annual average of $1.4 million. To put things into perspective, the average American in the top .001 percent of earners paid about $25 million in federal income taxes each year over the same span.
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