Trump: I Paid Millions of Dollars in Taxes

The transcript covers a discussion on tax payments made by a President in 2016 and 2017, focusing on the amount paid and the use of tax laws to minimize tax liability. The President claims to have paid millions in taxes, while the opponent criticizes the use of tax codes that allow paying less than a school teacher. The conversation also touches on the impact of tax laws on business practices and the need for policy changes.

What amount was the President questioned about paying in federal income taxes for the years 2016 and 2017?

• $38 million

• $1,500

• $750

• $27 million

What does the President claim about his tax payments?

• He paid taxes only in 2017.

• He paid no taxes.

• He paid only state taxes.

• He paid millions in taxes.

What benefit does the President mention receiving from a tax bill?

• A reduction in state taxes

• Privileges for depreciation and tax credits

• A tax exemption for his business

• A grant for a new project

What does President Biden criticize about the tax code?

• It is too complicated for ordinary people.

• It allows the President to pay less tax than a school teacher.

• It favors small businesses over large corporations.

• It has not been updated in decades.

What does President Biden promise to do regarding the Trump tax cuts?

• Ignore them

• Eliminate them

• Maintain them

• Expand them