logo
episode-header-image
Sep 2020
29m 10s

The President’s Taxes

The New York Times
About this episode

Russ Buettner and Susanne Craig, investigative reporters for The Times, have pored over two decades and thousands of pages of documents on Donald J. Trump’s tax information, up to and including his time in the White House.

What they found was an existential threat to the image he has constructed about his wealth and lifestyle. The tax documents consistently appeared to call into question the business acumen he has cited in his presidential campaign and throughout his public life.

The records suggest that whenever Mr. Trump was closely involved in the creation and running of a business, it was more likely to fail. They show no payments of federal income taxes in 11 of 18 years that The Times examined, and reveal a decade-long audit by the Internal Revenue Service that questions the legitimacy of a $72.9 million tax refund. They also point to a reckoning on the horizon: The president appears to be personally on the hook for loans totaling $421 million, most of which is coming due within four years.

We speak to Russ and Susanne about their findings and chart President Trump’s financial situation.

Guest: Russ Buettner and Susanne Craig, investigative reporters for The New York Times.

For more information on today’s episode, visit nytimes.com/thedaily

Background reading:

Up next
Yesterday
Trump’s Top Aides Spread the Epstein Conspiracy. Now They Are Trying to Kill It.
For months, President Trump and Attorney General Pam Bondi suggested that they would expose the hidden, potentially sinister truth about Jeffrey Epstein’s death in 2019.But over the past few days, the Trump administrationWhite House decided to shut down has poured cold water on t ... Show More
21m 47s
Jul 8
A Love Letter to Camp Mystic
On Monday evening, the death toll from the flooding in Central Texas rose past 100. A single place accounted for 27 of those deaths: Camp Mystic, a century-old Christian summer camp for girls.Erin Paisan, who attended Camp Mystic, explains what the place meant to generations of g ... Show More
25m 9s
Jul 7
A Dark Moment for Journalism — and Devastation in Texas
Last week, when Paramount, the parent company of CBS News, announced a $16 million settlement with President Trump over editing of a segment of “60 Minutes,” many of the network’s journalists were furious.The deal also raised questions about the independence of CBS’s journalism, ... Show More
34m 15s
Recommended Episodes
Oct 2020
Trump's taxes
What can the New York Times' revelations can tell us about the President's financial affairs?President Trump paid only $750 in tax federal income taxes in 2016 and 2017, and paid none in 10 of the past 15 years. That's according to an investigation by The New York Times earlier t ... Show More
17m 28s
Sep 2020
NY Times: Trump paid no income taxes in 10 out of 15 years beginning in 2000
Tax return data obtained by The New York Times shows Donald Trump reported he was losing significantly more money than he made and has paid no income taxes in 10 of the past 15 years beginning in 2000. President Trump claimed the report is “fake news” and said he pays “a lot” in ... Show More
41m 2s
Dec 2022
Returns show Trump paid no taxes in 2020
A US Congressional committee has released six years of tax returns belonging to Donald Trump. The former president battled for years to keep the documents secret. They show that in one year, Mr Trump paid just 750 dollars in federal income taxes, in another he paid nothing. The d ... Show More
49m 47s
Feb 2021
Supreme Court allows release of Trump tax returns to New York prosecutor
The Supreme Court ruled that former Pres. Trump’s tax returns can be released to a New York prosecutor. The decision deals a massive lost to Trump, who has fought tirelessly to shield his financial papers from investigators. The former President reacted to the decision by saying ... Show More
45m 51s
Sep 2022
Trump family sued by New York Attorney General for $250 million
The New York Attorney General sues Trump, three of his children and his business, alleging “Staggering” property tax fraud. Letitia James has also referred her probe to federal prosecutors and the IRS for potential criminal investigation. The panel discusses the 222-page filing w ... Show More
41m 1s
Apr 2024
Inside Trump's Criminal Hush Money Trial
The Manhattan District Attorney’s Office and attorneys for Donald Trump gave their opening statements on Monday in the former president’s criminal hush-money trial. Prosecutors also called their first witness to the stand: former ‘National Enquirer’ publisher David Pecker. Washin ... Show More
18m 23s
Sep 2023
New York judge finds Trump liable for fraud
A New York judge says former President Trump and his oldest sons are liable for fraud after providing false financial statements for roughly a decade. The judge's decision comes days before the former president and the New York attorney general's office is set to go to court for ... Show More
50m 31s
Oct 2023
5 PM ET: House speaker vacancy, Trump blasts judge, Forbes 400 list & more
Two congressmen have announced their run for House speaker as other potential contenders emerge. Former President Donald Trump verbally attacked the judge in his civil fraud trial again even after a gag order. President Joe Biden touted another round of student debt relief in a W ... Show More
6m 28s
Apr 2023
Checks and Balance: Trump turns up
Donald Trump has been charged with 34 counts of falsifying business records.  He denies all the charges, and in a New York courtroom earlier this week pleaded not guilty. For most American politicians this would be the end of their presidential ambitions—why not for Mr Trump? For ... Show More
46m 30s
Jul 2021
Trump CFO indicted on 15 felony counts, alleged 15-year tax scheme
New York prosecutors charged the Trump Organization and its chief financial officer, Allen Weisselberg, with an alleged 15-year tax scheme. The Trump Organization CFO was charged with 15 felony counts in connection with the alleged scheme stretching back to 2005 "to compensate We ... Show More
43m 12s