Trump's 2005 tax bill revealed in leak to journalist


The acknowledgement came as MSNBC host Rachel Maddow said she has obtained part of Trump's 2005 tax forms, and prepared to discuss the document on her Tuesday night show.

MSNBC's Rachel Maddow released two pages of one year's worth of Trump's tax returns this week, showing that Trump paid an effective tax rate of less than 5%.

The report stirred all sorts of feelings among people, including those who felt it had proved Trump had not only paid his taxes, but at a higher rate than the average American.

The pages from Trump's federal tax return show the real estate mogul also reported a business loss of $103 million that year, although the documents don't provide detail.

Tax records obtained by The New York Times last year showed the losses were so large they could have allowed Mr Trump to avoid paying taxes for up to 18 years.

Trump - whose team insisted that "people" don't care about Trump's tax returns - has not said if he'll release the rest of his documents in the wake of the leaked one.

The White House pronounced Maddow desperate for ratings and said she had violated a law against the unauthorized release or publishing of federal tax returns.

Alternatively of course this was the most clever double cross Trump has pulled to date to make the media look shrill, by cherry picking a good year of returns and continuing to destabilize the public's trust in the media.

In 1969, then-treasury secretary Joseph W. Barr revealed that 155 Americans making $200,000 (worth about $1.5 million today) or more paid absolutely no income tax, thanks to completely legal deductions.

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Trump failed to release his taxes during the campaign, claiming that he was under audit by the Internal Revenue Service and he had been advised against it.

It's unclear who leaked the tax return to Johnston: He said he found it in his mailbox.

The White House also angrily denounced Maddow for publicizing Trump's returns.

More than a third of the way into the hour, however, Maddow was still riffing on, among other subjects, the political significance of the information she had not yet revealed.

MSNBC's Rachel Maddow, a vocal Trump critic, Tweeted ahead of her 9 p.m. show that for the first time Trump's federal tax returns would be shown to the public.

"My priority is to get the story right and put it into proper context, and explain the weight of it and why it is important", Maddow said. "Donald has a long history of leaking material about himself when he thinks it's in his interests".

About 10 minutes in, I started wondering what would have happened if Maddow, rather than David Fahrenthold of The Washington Post, had been sent the "Access Hollywood" video? "Despite this substantial income figure and tax paid, it is totally illegal to steal and publish tax returns", the White House said.

"He made a lot of money", Cramer said.

She spent almost 20 minutes explaining why many people believe it important that Trump release his tax returns, as presidents have done since Richard Nixon in the 1970s.