Trump paid Dollars 38 million in taxes in 2005: White House
- Author: Salvatore Jensen Mar 30, 2017,
Mar 30, 2017, 0:44
Maddow spent Tuesday afternoon gleefully promoting that she had Trump's "tax returns" and teased that she would share their contents that evening on her MSNBC show.
The returns showed that Trump payed a roughly 25 percent effective tax rate thanks to a tax he has since sought to eliminate. He said that they had not received any evidence backing up Trump's claim.
The forms showed that Trump made $67 million in real estate royalties, $42 million in business income, $32 million in capital gains, $9 million in taxable interest and $998,599 in salary in 2005, for a total of almost $153 million. The White House also hasn't said whether Trump will release his tax returns while in office - even though that's tradition.
"It's entirely possible that Donald sent this to me", Johnston said on Maddow's show. The man who actually posted the returns online and whose website crashed also stopped by the show to talk to Maddow.
"You know you are desperate for ratings when you are willing to violate the law to push a story about two pages of tax returns from over a decade ago", the statement said.
Wow! MSNBC's Rachel Maddow sure loves her some Donald Trump, doesn't she?
The two pages of 2005 tax returns that emerged this week shed no light on the issue.
Last night the internet was ablaze after reading a tweet by Rachel Maddow announcing that she would be revealing a Trump Tax return.
But the White House scooped her, releasing basic information from the forms that revealed that Trump had paid $38 million in taxes that year on more than $150 million in income.
Since watergate every president has released their tax returns, Trump is the first to refuse. After all, despite all of the hype and anticipation over their release, the information from the forms was hardly damaging to Trump.
America may not know why Trump won't show his returns himself, but it's clear he's not ashamed of the one Maddow obtained.
He denied that Trump himself was behind the leak to Maddow and said that it was offensive even to be asked the question.
Trump paid "no more tax than legally required", said the official, who refused to be identified.
"The release of the top pages of Trump's 2005 tax return is a useful start, but is a drop in the disclosure bucket of what Trump owes the American people", Edward Kleinbard, the Johnson Professor of Law and Business at USC Gould School of Law and a former chief of staff at the Joint Committee on Taxation, told CNNMoney.
"The only news out of this is that the White House CAN release the President's taxes, despite what campaign said", Mo Elleithee, a longtime Democratic operative, wrote on Twitter.
In its statement, the White House criticized Maddow and MSNBC for publicizing the returns and called the act illegal, although many pointed out that the First Amendment allows for such documents to be made public.
Mr Trump insists the American public is not interested in his returns and says little could be learned from them.