President Trump disputes New York Times tax story, calling it 'a total fake'

President Trump on Sunday dismissed a New York Times story alleging he paid only $750 in federal income taxes in 2016 and 2017. The president called the story "a total fake."

"It will all be revealed, it's going to come out. I paid a lot [of federal taxes], and I paid a lot of state income taxes, too," said POTUS at a White House press conference. 

The Times story says that the president has not paid income taxes for 10 of the last 15 years, primarily because he has generally reported significant financial losses each year, in amounts greater than what he reported earning.

Trump remains under audit by the IRS, regarding a $72.9 million tax refund he was issued about $10 years ago, following the declaration of major losses.

"We've been negotiating for a long time," said the president.