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After New York Times revelations, Trump says he paid millions in taxes

first_imgThe Republican president, who will face Democratic rival Joe Biden on Tuesday night for their first presidential debate, said he had “extraordinary assets” and boasted a “very IMPRESSIVE” financial statement.Trump has hundreds of millions of dollars in debt amid chronic business losses that he uses to avoid paying taxes, the Times reported. It said it has obtained tax-return data covering more than two decades for Trump and his businesses.Trump’s reported debts raise national security issues, US House of Representatives Speaker Nancy Pelosi said, as the public deserves to know to whom he owes money because it could be used as leverage against him. “To me this is a national security question,” she told MSNBC.Trump departed from decades of tradition among presidents and presidential candidates when he refused to release his federal income tax returns the first time he ran for president in 2016.He says it is because he is under audit by the Internal Revenue Service but the agency has said there is no reason he cannot release his taxes while under audit.  US President Donald Trump said on Monday he paid “many millions of dollars in taxes” and that he had many more assets than debt, but did not provide evidence or promise to release any financial statements before the Nov. 3 election.In a series of Twitter posts, the Republican president responded to a New York Times report that he paid just $750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his business enterprises.”I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits,” he wrote. “I am extremely under leveraged – I have very little debt compared to the value of assets.” Topics :last_img read more

$2,000 is top IMCA Modified prize at Jamestown’s Stock Car Stampede

first_imgJAMESTOWN, N.D. – Xtreme Motor Sports IMCA Modifieds return to the Stock Car Stampede at Jamestown Speedway this weekend, racing for $2,000 to win and a minimum of $300 to start.Heat races begin at 7 p.m. Friday, Sept. 23 with “B” features preceding the Saturday, Sept. 24 main event, a quali­fier for the 2017 Fast Shafts All-Star Invitational ballot.The runner-up earns $1,500 with $1,000 paid for third. IMCA Speedway Motors Weekly Racing National, BMS North Central Region and Allstar Performance State points will be awarded.What’s new at the 45th annual Stampede is a $500 to win, minimum $120 to start race for the top 24 Modified non-qualifiers.Other non-qualifiers who finish their “B” race will be paid $50.Car end driver entry fee for the Modifieds is $90. Pit passes are $60 for Friday and Saturday or $35 for Saturday; no Friday only pit passes will be sold.Gates open at 3 p.m. and racing starts at 7 p.m. Friday. Tickets are $18 for adults and $45 for a family pass. Gates open at 2 p.m. and racing starts at 5 p.m. on Saturday. Grandstand admission is $23 for adults and $55 for a family pass.Kids ages 6-14 are $10 and five and under are free both nights. Advance tickets are available from the Cenex Convenience Store or Neighborhood Grocery.Camping is available on the fairgrounds for $25 a night. There is no charge for race rigs kept in the pits overnight.More information is posted on the www.jamestownspeedway.com website and on Facebook, and is also available by calling 701 320-4275 or 701 527-2467.last_img read more