Responding to media reports that revealed the US President paid just $750 in federal income tax returns in 2016, Donald Trump on Monday tweeted that ‘fake news media’ is bringing up his taxes with “illegally obtained information and only bad intent” like the time of 2016 elections.

According to a report by The New York Times, Trump paid only $750 during his first year as president and had paid no income taxes at all as he had reported in 10 of the previous 15 years because he reported losing more money than he made.

“I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits,” Trump tweeted on Monday. He had dismissed the report as “totally fake news” immediately after it was published.

He, in another tweet, said, “Also, if you look at the extraordinary assets owned by me, which the Fake News hasn’t, I am extremely under leveraged – I have very little debt compared to the value of assets.”

Trump said he has long said that he ‘may’ release his financial statements showing all properties, assets, and debts from the time he announced that he is ‘going to run for President.’

“It is a very IMPRESSIVE Statement, and also shows that I am the only President on record to give up my yearly $400,000 plus Presidential Salary!” he added in his tweet.

Although the US’ laws do not enforce its president to release the details of personal finances, Trump has broken with presidential tradition by refusing to release his returns as everyone since Richard Nixon has done so.