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You are here News Politics Trump tax returns show president paid $38 million in 2005, White House says

Trump tax returns show president paid $38 million in 2005, White House says

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Trump tax returnPresident Trump paid $38 million in taxes in 2005 on an income of more than $150 million, a senior White House official confirmed Tuesday night.

That rare acknowledgement came in anticipation of a report by MSNBC host Rachel Maddow, who purported to have copies of Trump's tax returns from 11 years ago. The White House official spoke on condition of anonymity to discuss a sensitive financial matter.

Trump defied decades of tradition during the 2016 presidential campaign in refusing to voluntarily release his tax returns, which would shed light on the size and breadth of a sprawling real estate and entertainment empire he says is worth $10 billion.

Maddow said she had two pages of Trump's Form 1040 from 2005, which she obtained from financial journalist and Trump biographer David Cay Johnston. "I got them in the mail. They came in over the transom," he told Maddow.

TVNL Comment:  The tip of the iceberg..... hopefully.  Thank you, Rachel Maddow and David Johnston.

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