Seven hundred and fifty dollars.
That’s the amount the New York Times reported that President Donald Trump allegedly paid in federal income taxes in 2016 and 2017. It also found that for the prior 10 out of 15 years, Trump paid no federal income taxes due to insurmountable losses claimed on his corporate tax returns.
Trump’s shockingly low tax bill confirms what many of us already know—the U.S. tax code tends to favor the wealthy and shines a light on our system’s inequities. For many years, the tax code