Donald Trump Holds $421 Million In Debt, Could Owe IRS $100 Million In Penalties

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President Donald Trump is reportedly said to be in $421 Million In Personal  Debt, Mr. Trump could also,  owe the IRS $100 Million In Penalties, Times Says. 

The bombshell report detailed the president’s large debt and his increased reliance on controversial businesses he’s refused to divest. 

President Donald Trump personally holds $421 million in debt and loans that are largely coming due in the next four years, The New York Times reported Sunday after obtaining more than two decades of his long-sought tax returns.

The Times report also revealed that the president’s vast business interests created potential and real conflicts of interest for years and are under more financial stress than the self-described billionaire has previously disclosed.

Documents obtained by the Times painted a more detailed picture of the president’s personal fortune and his network of 500 business entities, as well as the legal maneuvering he has employed to pay little or no taxes for many years.

The Times found that Trump paid just $750 in personal income taxes in 2016 and 2017 and none at all in 10 of the previous 15 years, citing business losses in the tens or hundreds of millions of dollars to decrease his tax burden.