President Trump paid no federal income tax in 10 of the past 15 years, and just $750 in 2016 and 2017, according to a new report from the New York Times. He also is reported to have hundreds of millions of dollars in outstanding debts, most of which would come due during a second term.
Axios Re:Cap focuses on what is and isn't surprising about the revelations, plus how real estate developers are taxed, with Francine McKenna, an independent financial journalist and certified public accountant.
The first presidential debate of the 2020 campaign is looming. President Trump has been preparing to veer attention toward the recent nomination of Amy Coney Barrett to the Supreme Court. Joe Biden will try to emphasize the Trump administration's poor handling of the coronavirus pandemic.
