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Trump avoided paying taxes for years, bombshell report claims

US President Donald Trump.

Photo credit: File | AFP

What you need to know:

  • The New York Times alleges the billionaire president paid just $750 income tax in 2016, the year he won the White House.
  • The Republican leader has broken with presidential tradition by refusing to release his tax returns, fighting a long battle in the courts and triggering speculation about what they might contain.

US President Donald Trump on Sunday faced allegations that he paid little or no federal income tax for years before he came to power, as his cloudy financial past stoked controversy ahead of the first election debate.

The New York Times alleged the billionaire president paid just $750 federal income taxes in 2016 -- the year he won the White House -- and 2017, and no federal income taxes at all in 10 of the previous 15 years because he reported losing more money than he made.