NEW JERSEY — Gov. Phil Murphy on Monday addressed a New York Times report, stating that President Donald Trump did not pay federal income taxes in 10 of the last 15 years.
The report, released Sun., Sept. 27, indicates that Trump - who has not been forthcoming with his tax filings and refused to make them public - paid $750 in taxes to the federal government in the year he was elected in 2016, and again the same amount during his first year in office.
Murphy, who pointed to how extensive the report was, said without getting into the layers, “Number one, we pay taxes. [That’s] part of the deal when you're an American…You may not like what you pay, but there's a deal you pay in and you get stuff back, whether it's education, public health, roads, bridges, infrastructure, housing, whatever it might be. And so that leaves you kind of cold.”
During his coronavirus press briefing out of Trenton, the governor added, that “nobody of significant means like that” should pay less than a working New Jersey family.
“We talk a lot about the folks who have done well, and we don't begrudge their success, but we're asking them right now in New Jersey to step up and pay a few pennies more on their top dollars earned and take those proceeds and plow it into the middle class,” he said. “I know there's [an] amount of sacrifice associated with that by a group of folks. And I acknowledge that and I thank them for their willingness to help us out. So it strikes a very discordant note, with that notion.”
The New York Times attributed the information it reported to tax return data it worked to collect over two decades. Its disclosure arrives a day before the first presidential debate between Trump and Democratic nominee Joe Biden - weeks ahead of what’s thought to be a historic Election Day on Nov. 3.
Alan Garten, a lawyer representing the Trump Organization, told the Times that “most, if not all, of the facts appear to be inaccurate.”
The president “has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015,” Garten said in a statement.
Trump himself addressed the Times article on Monday in a series of tweets.
“The Fake News Media, just like Election time 2016, is bringing up my Taxes & all sorts of other nonsense with illegally obtained information & only bad intent. I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits..,” he wrote. “Also, if you look at the extraordinary assets owned by me, which the Fake News hasn’t, I am extremely under leveraged - I have very little debt compared to the value of assets.”
He claimed that “much” of said information is already on file - noting that from the moment he announced his run for presidency, he said he may release financial statements outlining properties, assets and debts.
“It is a very IMPRESSIVE Statement, and also shows that I am the only President on record to give up my yearly $400,000 plus Presidential Salary!” Trump said.
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