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Here's exactly where to look on your 1040 tax return to see how much more you paid in taxes than Trump did

1 month ago   |   By Business Insider

Summary List Placement
An investigation by The New York Times revealed that President Trump paid just $750 in federal income taxes in 2016 and 2017.
His $750 payments are less than what households who earn $20,000 pay annually, so it's likely you've paid more in taxes than Trump.
To find out how much you paid in a given year, pull up your 1040 tax form and look at line item 16, labeled your "total tax."
Line item 17 shows how much was withheld from your paychecks for federal taxes in a year, and line 16 shows how much you paid in total after receiving your refund.
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Trump's reported $750 tax bill is smaller than the average payment for an American household making $20,000 a year

Trump's reported $750 tax bill is smaller than the average payment for an American household making $20,000 a year

1 month ago   |   By Business Insider

Summary List Placement President Donald Trump paid only $750 in federal income taxes in 2016 and 2017, and none for many years before, according to a new bombshell report in The New York Times published Sunday.
The Times obtained tax-return data spanning almost two decades for the president and his companies. They indicated his small tax payments are a product of his business empire losing a substantial amount of cash.
"Trump's tax returns suggest he has only ever been successful as a showman, not at running actual businesses," Lily Batchelder, a tax law professor at New York University...
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