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Leaked President Trump Tax Return Reveals His Earnings In 2005



The White House was left fuming Tuesday night as Rachel Maddow revealed that she had obtained Donald Trump's Tax Returns, which he filed in conjunction with wife Melania.

 
In her MSNBC show, Maddow said that the 2005 Document had been obtained by Pulitzer Prize-winning journalist David Cay Johnston, who received it from an unknown source in his mail box.
 
 
It showed that Trump earned $253 million that year but wrote off $103 million as losses, which lowered the amount of tax he had to pay dramatically. 
 
 
In response, an indignant White House told CNN: 'You know you are desperate for ratings when you're prepared to violate the law to push a story about tax returns from over a decade ago.'
 
 
Donald Trump's tax returns for 2005 have been obtained by Rachel Maddow (pictured). A furious White House claimed that he paid $38m on a $150m income that year -  an inflated sum
 
 
The release concludes that 'it is totally illegal to steal and publish tax returns,' and fired off a parting shot about the 'dishonest media.'
 
 
Johnston told Maddow that as he had not solicited the documents, neither he nor Maddow had done anything illegal.
 
 
Maddow added that the First Amendment protected her right to report on the documents, which were the first two pages of his 2005 1040 form. 
 
 
The documents show Trump and wife Melania paid $5.3 million in regular federal income tax, at a very low rate of less than 3.5 per cent.
 
 
Trump also paid $31 million in the 'alternative minimum tax,' which is something that the president has previously said he wanted to abolish.
 
 
That's an effective federal tax rate of 24.2 per cent in 2005, compared with 13.5 per cent paid by Bernie Sanders in 2014 and 14.1 per cent by Mitt Romney in 2011, according to statements they have released during their presidential campaigns.
 
Pulitzer-Prize-winning journalist David Cay Johnston (pictured) said that he found the documents in his mail box, but did not know who supplied them
 
The documents show that Trump paid most of his tax through 'alternative minimum tax,' which he has said he wants to abolish, and that he used a loss registered in 1995 to lower his taxes 
 
 
 
 
 
Source: Daily Mail.
 


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Leaked President Trump Tax Return Reveals His Earnings In 2005

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