Skip to content
Topics
Stories

Have a problem with Trump’s low income tax? Blame the tax code.

People in this story

An explosive New York Times investigation reveals that President Donald Trump—a purported business-savvy billionaire whose name has adorned everything from steaks to golf courses to office towers—paid only $750 in taxes in 2016 and 2017.

Trump’s political opponents blasted him for the meager tax payments, but was their energy misplaced? William Dickens, university distinguished professor of economics and social policy at Northeastern, says that while the Times report outlines some “questionable deductions,” more generally, “Trump is just benefiting from a lot of legal deductions.”

The report calls into question the extent to which Trump’s considerable real estate holdings actually depreciated. And indeed, Trump has been entangled in an audit by the federal Internal Revenue Service for nearly a decade.

Continue reading at News@Northeastern.

More Stories

Supreme Court nominee Amy Coney Barrett speaks during a confirmation hearing before the Senate Judiciary Committee, Wednesday, Oct. 14, 2020, on Capitol Hill in Washington.

Amy Coney Barrett is poised to continue Antonin Scalia’s legacy on the supreme court

10.26.2020

Lasting police reform will require confronting roots of racism in American policing

10.26.2020

Are COVID-19 vaccine trials ethical?

10.26.20
All Stories