President Trump Hits Back Against New York Times Tax Return Report

The video discusses a New York Times report alleging President Trump paid minimal federal income taxes in 2016 and 2017, labeling it as fake news. It highlights Trump's questionable tax deductions and his refusal to release tax returns, despite promising to do so. The report also brings attention to an IRS audit of a significant tax refund Trump received, which could lead to penalties. Democratic nominee Joe Biden capitalized on the news, using it in a campaign ad, and it is expected to be a topic in the upcoming presidential debate.

What amount did the New York Times report claim President Trump paid in federal income taxes for 2016 and 2017?

• $750,000

• $75,000

• $7,500

• $750

What is one of the questionable deduction tactics mentioned in the report?

• Writing off a luxury car

• Deducting a private jet

• Claiming a yacht as a business expense

• Writing off $70,000 for hair styling

How has President Trump responded to calls for releasing his tax returns?

• He has released them already

• He refused to release them

• He said they were lost

• He promised to release them eventually

What is the potential consequence of the IRS audit mentioned in the report?

• A reward for overpayment

• A penalty for gross negligence

• A fine for late payment

• A tax refund increase

How did Joe Biden use the news of Trump's taxes in his campaign?

• By defending Trump's tax strategies

• By comparing Trump's tax bill to average Americans

• By releasing his own tax returns

• By ignoring it