Trump Paid $38 Million Tax on $150 Million Income: White House
- Author: Annette Adams Mar 16, 2017,
Mar 16, 2017, 0:22
Tonight, Rachel Maddow unveiled a document that reporters nationwide have been trying to hunt down for months-President Donald Trump's federal tax returns, or at least part of one return.
"However, the Trumps paid an additional $31 million in the so-called 'alternative minimum tax, ' or AMT".
Two pages of the tax return were revealed by US TV network MSNBC, triggering an angry response from the White House. Federal law makes it a federal felony punishable by up to 5 years in prison and a $5,000 fine for publishing USA tax return information.
Trump, who has often claimed to be a billionaire and likes to flaunt his wealth, has rejected calls to release his tax returns breaking from a tradition going back to Republican president Richard Nixon.
While the president may have paid fewer taxes than he qualified for, some Trump supporters are seeing the news in a positive light.
For an hour and a half on Tuesday night, MSNBC's Rachel Maddow whipped America's left into a froth, dangling on Twitter the prospect that she would reveal Donald Trump's tax returns on live TV that evening.
Trump also paid tens of millions of dollars in other taxes such as sales and excise taxes and employment taxes, the statement said.
However, the 2005 return showed amounts owed but, crucially, not sources of income that would confirm or repudiate questions about Trump's business ties.
Except the White House had confirmed the authenticity of the document to Maddow, who devoted her entire Tuesday telecast to the document.
The White House issued a statement saying that Trump had a responsibility to pay no more tax than was legally required.
"Let me point out it's entirely possible Donald sent this to me", he said.
It released the information in response to a report that a United States network had obtained two pages of the president's tax returns.