Wednesday, March 15, 2017

President Trump's 2005 Tax Return Has Been Leaked

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.

Read more ....

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)


Jay Farquharson said...

Anonymous said...

Jay - nothing in that link we can't think of ourselves. It's obvious he / a sympathiser leaked it what. .everyone has the right to promote oneself of the other side is constantly tearing you down (rightfully so, I might add, most of the times. ..but the CNN and Maddow types are what's ruining the US..they go beyond reasonable critic and sound like whining all the time. .just like you, Jay;) )

Jay Farquharson said...

ACT's going away, that would have lowered his 2005 taxes to less than 3%.



RussInSoCal said...

Notice it says "CLIENT COPY" on the bottom right of the tax return.

Hans Persson said...

Here in Sweden our media is reporting this as fake news.. And that Trump himself has called it fake news..

fred lapides said...

Is there any legal or specific reason for not releasing FULL tax returns for current years? If there are charges that he owes big bucks to Russia etc., tax returns would tell all. Is there a criminal conspiracy of some sort? Strong connection to Russia, China? ALL COULD BE CLEARED UP BY REVEALING TAX RETURNS

Anonymous said...

Or perhaps you are embarking on a "Birther" journey...enjoy the ride.

Andrew Jackson said...

Fake news.

Aizino Smith said...

FUCKING DUMB ASS LIBERALS are upset that Trump paid a higher tax rate than Bernie Sanders and other TARDS"

"Donald Trump Paid HIGHER Tax Rate than Obama, Sanders, Romney"

Good God but liberals are dumb!