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You can find the current article at its original source at https://www.theguardian.com/us-news/2020/sep/28/hairstyling-donald-trump-taxes-numbers-us-president-finances
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| Version 1 | Version 2 |
|---|---|
| $70,000 on hairstyling – Donald Trump's taxes in numbers | $70,000 on hairstyling – Donald Trump's taxes in numbers |
| (5 days later) | |
| Here are some surprising things we’ve learned about the US president’s finances | Here are some surprising things we’ve learned about the US president’s finances |
| The shocking claim that Donald Trump paid only $750 in federal taxes has dominated headlines after a New York Times report into his financial affairs, but it is far from the only surprising sum exposed by the documents. Here are some of the key figures: | The shocking claim that Donald Trump paid only $750 in federal taxes has dominated headlines after a New York Times report into his financial affairs, but it is far from the only surprising sum exposed by the documents. Here are some of the key figures: |
| $750 | $750 |
| Federal tax Trump paid in 2016, when he won the presidency. | Federal tax Trump paid in 2016, when he won the presidency. |
| $750 | $750 |
| Federal tax Trump paid the following year. | Federal tax Trump paid the following year. |
| Zero | Zero |
| Federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015. | Federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015. |
| $100,000 a year | $100,000 a year |
| By comparison, the kind of figure regularly paid in federal taxes by Trump’s predecessors, Barack Obama and George W Bush | By comparison, the kind of figure regularly paid in federal taxes by Trump’s predecessors, Barack Obama and George W Bush |
| $70,000 | $70,000 |
| Paid to style Trump’s hair for television, claimed as expenses. | Paid to style Trump’s hair for television, claimed as expenses. |
| $95,464 | $95,464 |
| The total sum nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair. | The total sum nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair. |
| $210,000 | $210,000 |
| The amount written off as expenses to hire a photographer taking photographs at the Mar-a-Lago club. | The amount written off as expenses to hire a photographer taking photographs at the Mar-a-Lago club. |
| $26m | $26m |
| “Consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump. | “Consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump. |
| $434m | $434m |
| What Trump declared his earnings to be in the 2018 presidential public annual financial disclosure. | What Trump declared his earnings to be in the 2018 presidential public annual financial disclosure. |
| $47.4m in losses | $47.4m in losses |
| What he had declared to the Internal Revenue Service (IRS) for tax purposes over the same period. | What he had declared to the Internal Revenue Service (IRS) for tax purposes over the same period. |
| $421m | $421m |
| Outstanding loans that Trump owes, most of which becomes due within the next four years. | Outstanding loans that Trump owes, most of which becomes due within the next four years. |
| $73m | $73m |
| Revenue generated from outside the US, presenting a potential conflict of interest with US foreign policy. | Revenue generated from outside the US, presenting a potential conflict of interest with US foreign policy. |
| $13m | $13m |
| Earned in one licensing deal for Trump Towers in Istanbul, including $1m since he became president. | Earned in one licensing deal for Trump Towers in Istanbul, including $1m since he became president. |
| $72.9m | $72.9m |
| The tax refund Trump claimed and was awarded, which is now the subject of a decade-long audit battle with the IRS. It covered all the federal tax he had paid between 2005 and 2008. | The tax refund Trump claimed and was awarded, which is now the subject of a decade-long audit battle with the IRS. It covered all the federal tax he had paid between 2005 and 2008. |
| $1.4m | $1.4m |
| The annual average amount of federal tax paid by Trump between 2000 and 2017. It compares with the $25m in federal income taxes an American with similar declared earnings could be expected to pay on average. | |
| $100m | $100m |
| The amount Trump could now have to pay back to the IRS, including penalties, if it finds against him in the audit. | The amount Trump could now have to pay back to the IRS, including penalties, if it finds against him in the audit. |
| $315m | $315m |
| The sum reported “lost” by Trump’s golf courses since 2000. | The sum reported “lost” by Trump’s golf courses since 2000. |
| ‘Tens of millions of dollars’ | ‘Tens of millions of dollars’ |
| What Alan Garten, a lawyer for the Trump Organization, claims the president has paid in personal taxes since 2015. | What Alan Garten, a lawyer for the Trump Organization, claims the president has paid in personal taxes since 2015. |
| More than 500 | More than 500 |
| The number of individual companies, many bearing the Trump name, that make up the nebulous corporate network generally referred to as the Trump Organization. | The number of individual companies, many bearing the Trump name, that make up the nebulous corporate network generally referred to as the Trump Organization. |
| The president has denied the reports, describing them in a White House press conference on Sunday as “fake news”. | The president has denied the reports, describing them in a White House press conference on Sunday as “fake news”. |