Trump Tax Records

President Donald Trump has claimed "he paid millions of dollars in taxes" during the first presidential debate Tuesday, just days after a report by the New York Times showed the president paid no federal income taxes in 10 out of the last 15 years.

Democratic presidential nominee Joe Biden suggested Trump "does take advantage of the tax code" and that the president "pays less tax than a schoolteacher."

"I don't want to pay tax," Trump responded, claiming that all business leaders did the same "unless they are stupid."

The New York Times has reported that US President Donald Trump for 10 of the past 15 years did not pay any income taxes due to reporting losses from his businesses. In 2016 and 2017, Trump has reportedly paid $750 in federal income taxes.

In addition to paying little or no income taxes, the New York Times reports that Trump is in a legal battle with the IRS over a $72,9 million tax refund that he received which the IRS is now disputing and wants back from him.

The Supreme Court of the United States has decided that the district attorney of Manhattan will be granted access to the tax returns of United States President Donald Trump. Manhattan District Attorney Cyrus Vance had filed a subpoena directed at the accounting company Mazars.

In a second ruling, the Supreme Court denied Congress access to Donald Trump's tax and financial records based on subpoenas against Deutsche Bank, Capital One and the Mazars USA accounting firm.