Trump says report claiming he paid just $750 in income tax is 'fake news'

In a bombshell, 10,000-word report following an extensive investigation, The New York Times published claims that Mr Trump, who prides himself on his business acumen, pays a minuscule amount of tax.

The mogul, who went from Trump Tower to the White House following his surprise 2016 election victory, paid no federal income tax in 10 of the past 15 years and only $750 in the year he was elected, according to the paper.

Mr Trump reacted furiously when confronted with the report, with his characteristic put-down of negative stories: “It's fake news. Totally fake news.”

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