Washington Post: Trump paid $38 million in income taxes in 2005, the White House says
President Trump paid $38 million in federal taxes in 2005 on income of $153 million and reported a $105 million write-down in business losses, according to a copy of his tax return first revealed Tuesday night on MSNBC.
Trump paid an effective tax rate of 24 percent and saved millions of dollars in additional taxes by claiming the losses, according to the document, the first two pages of which were obtained by Pulitzer Prize-winning journalist David Cay Johnston and first shared on “The Rachel Maddow Show.”
The return shows that Trump paid $36.5 million in income tax, of which about $31 million was in the form of an “alternative minimum tax,” a supplemental tax designed to cut down on filers with excessive deductions. He also paid about $1.5 million in Medicare and Social Security taxes.
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WNU Editor: Wow .... he paid a lot in taxes. But if this is all that Trump's opponents have .... I am underwhelmed .... and it makes fools of those who have been pushing the story that he paid little if any taxes .... Trump’s 2005 Tax Return Was Leaked. He Paid Far More Than People Thought (Fortune).
More News On President Trump's 2005 Tax Return Being Leaked
Trump Paid $38 Million in 2005 Federal Income Tax, White House Says Before Report -- NBC
Trump Wrote Off $100 Million in Losses in 2005, Leaked Forms Show -- NYT
Leaked IRS form: Trump paid $38M in taxes on $150M in income in 2005 -- The Hill
WH releases Trump tax info ahead of MSNBC report -- The Hill
What Trump's 2005 Tax Returns Reveal -- Matt Ford, The Atlantic
Update: I agree .... Analysis: This 2005 Donald Trump tax return is a total nothingburger (Chris Cillizza, Washington Post)