News Corp chief Rupert Murdoch was stunned when he heard about Donald Trump’s $750 tax bill, saying he has not seen a tax payment that high before.
The media tycoon, whose company regularly pays $750 less in tax than Donald Trump, says he was taken aback by the release of the President’s tax returns.
“I was as shocked as anyone when I saw that figure. Seven hundred and fifty dollars. Not $75, not $7.50. Seven, five, zero – in tax!”
Mr Murdoch said the news had shaken his confidence in the President’s abilities as a businessman. “What it shows is a fairly careless approach to tax accounting – to let that much go to the IRS. Who are the people advising the president, and how were they unable to find a way to write off such a large amount of taxable income? I think Americans have a right to know”