Trump paid no income tax in 10 of the past 15 years.
President Donald Trump paid just $US750 ($A1,070) in federal income taxes in both 2016 and 2017, the New York Times has reported, citing tax-returns.
Trump also paid no income taxes in 10 of the last 15 years, the Times reported on Sunday.
He is said to have reported losing more money than he made.
Trump has blasted the long running quest for his financial records a "disgusting witch hunt." He is the only modern president to refuse to release his tax returns despite promising to do so before the election.
"It's totally fake news," he told a press conference this morning.
The Times says its information comes from tax return data it obtained extending over two decades