A bombshell report by the New York Times suggests that President Trump has either not paid taxes for a number of years, or paid very little. According to the published report the President has been using business losses to offset whatever his tax bill has been to the Federal government. There is no suggestion that the President has broken the law only that he has taken advantage of the system in place. Democrats were quick to jump on the report and make comparisons to "regular" citizens who they say pay more in taxes than Trump.
Trump for his part has said repeatedly that he uses the system in place to pay as little as possible and that he is under an audit but will release his taxes when it is finished.
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