President Donald Trump paid little to no federal income tax over several years: New York Times

The New York Times reported over the weekend that President Trump paid $750 in federal income taxes in 2016 and 2017 and paid nothing for 10 of the previous 16 years. CNBC’s Robert Frank breaks down the details. For access to live and exclusive video from CNBC subscribe to CNBC PRO: President Donald Trump’s businesses have hemorrhaged hundreds of millions of dollars over the last two decades, allowing him to minimize his federal income tax bill to $0 or nearly $0 for many of the years in that period, according to a bombshell report published on Sunday by The New York Times. Trump paid just $750 in federal income taxes in 2016 and another $750 the following year, the newspaper reported, and none at all in 10 of the previous 15 years. The losses also strained Trump’s finances, according to the paper. He is personally responsible for more than $420 million in debt, most of which is coming due within the next four years, according to