5 tax breaks Trump took advantage of that the average American can't - Business Insider

Donald Trump, America's first billionaire president, paid little to nothing in federal taxes over the past decade by employing a variety of creative accounting methods, according to an explosive account of his tax returns by The New York Times.

The president used his multimillion-dollar losses from his businesses to cancel out taxes on his actual income, and used his luxury properties' status as businesses to deduct his everyday luxuries.

The president has paid less in taxes than the average ultrawealthy person.

Keep reading to learn more about the techniques President Trump and his organization used to avoid paying taxes that most average Americans basically can't.

Filing such losses was the main way Trump avoids paying his federal income taxes, according to The New York Times.

The Times reported that many of these consultants were Trump family members classified as consultants so their fees could be deducted as business expenses, even if they were already employees of The Trump Organization.