Connections: Investigative journalist David Cay Johnston on Trump's taxes
The New York Times has obtained Donald Trump's tax information, which journalists have been seeking for many years now. They report that the president paid exactly $750 in total taxes in 2016, the same in 2017, and zero in most other years. That's because the president reported massive business losses, and he wrote off a number of other expensive items -- like haircuts. Critics say the president is bound to be in trouble with the IRS for fudging the books. Supporters say that he simply did what most people would do: reduce your tax bill by whatever means necessary.
Journalist David Cay Johnston has written more about the American tax code than just about any other reporter. He joins us to discuss the president's tax burden, and what we know about legal deductions. Our guest:
- David Cay Johnston, Pulitzer Prize-winning journalist and editor-in-chief of DCReport