The Times said Trump paid no federal income taxes in 10 of the 15 years before he was elected president and paid just $750 in 2016 and again in 2017. His golf courses have reported $315.6 million in losses since 2000. Roughly half of Americans pay no income taxes, primarily because of how low their incomes are.
Roughly half of Americans pay no federal income taxes, but the average income tax paid in 2017 was almost $12,200, according to the IRS.
The Times said it had obtained tax-return data covering over two decades for Trump and companies within his business organization.
His tax returns, a key talking point in the 2016 election, have been a constant presence during his presidency and ahead of November's election, when Mr Trump is seeking a second term.
In reality, the president's shady tax return narrative has been investigated in connection to a criminal probe for more than two years.
The president claimed he paid a considerable amount of taxes over the years.
The New York Times said it declined to provide Garten with the tax filings in order to protect its sources. "Ivanka Trump, while working as an employee of the Trump Organization, appears to have received "consulting fees" that also helped reduce the family's tax bill".
"Even while declaring losses, he has managed to enjoy a lavish lifestyle by taking tax deductions on what most people would consider personal expenses, including residences, aircraft and $70,000 in hairstyling for television".
"If you pay more than $750 a year in taxes, you pay more than Donald Trump", Rep. Lori Trahan said Sunday evening.
Bookies price up baby names for Princess Eugenie
It seems the names for Princess Eugenie and Jack Brookbanks' baby are in, and Paddy Power has already calculated their price ups. The royal family - like most big families - is pretty complex, with several branches and what seems like hundreds of relations.
Speaking during a press briefing, Trump said, "It's fake news, it's totally fake news".
The Times report also found that Mr Trump has been feuding with the Internal Revenue Service for the last decade over a almost $73 million tax refund he previously claimed.
The US President is expected to face enormous financial pressure in the coming years as massive loans come due.
The article delves into much of what we've already known about Trump: he lies about his wealth, he is an abysmal failure of a businessman, and he is in debt to the tune of hundreds of millions of dollars.
He is the first US President since the 1970s not to make his tax returns public, though this is not required by law.
"Donald Trump needs this election to be about Joe Biden as a choice", said longtime GOP consultant Alex Conant.
The president has been long opposed to allowing his tax history to be publicly available, labeling the calls for him to reveal his tax records "a continuation of the most disgusting witch hunt in the history of our country".
Alan Garten, Mr Trump's lawyer, questioned the newspaper's findings in a statement.