Trump paid a 25% tax rate on 2005 earnings, leaked return reveals

NTD Staff
By NTD Staff
March 15, 2017US News
share

Journalist Rachel Maddow recently released two pages of President Trump’s 2005 tax return.

Trump’s tax return showed he paid $38 million in tax on $153 million of income.

That’s approximately a 25% tax rate.

The source of the leaked pages is still unknown.

[Jill Colvin, Associated Press White House Reporter]

“David Cay Johnston is a financial reporter, a Pulitzer Prize winner, who says that he found a copy, just two pages of Trump’s 2005 tax return, in his mailbox. He decided to release them on The Rachel Maddow show on MSNBC.”

The White House said in a statement that MSNBC violated the law releasing the return.

Whether what Maddow’s show did was illegal is a grey area, since they weren’t the original leaker.

Illegally publishing a tax return can carry a fine of $5000 and up to five years in jail.

Trump is the first presidential candidate in decades not to release his tax returns.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.
Comments