A portion of President Donald Trump’s tax returns have been leaked.
A 1040 form from Trump’s tax returns for 2005 was shown on The Rachel Maddow Show on Tuesday. Maddow says that the papers were obtained from investigative reporter David Cay Johnston. He claims they were anonymously mailed to him.
Here are a few highlights from the Trump’s tax returns from 2005.
- Donald Trump paid $38 million in taxes in 2005.
- He took a write-down of $103 million during that year.
- His income for 2005 was $150 million.
- This means that Trump’s tax rate for that year was roughly 25%.
- A White House spokesperson confirmed that the leaked papers are indeed Trump’s tax returns from 2005.
While the source of the Trump’s tax returns leak is unknown, Johnston claims the papers may have come from the President himself. He says that Trump has indirectly and directly leaked information about himself in the past.
President Trump has spoken out against the leak. He sent out a Tweet asking if anyone really believes that a “reporter, who nobody ever heard of,” just happened to get his tax returns through the mail. He then went on to call out NBC News as “FAKE NEWS,” reports CNN.
“Despite this substantial income figure and tax paid, it is totally illegal to steal and publish tax returns,” a White House spokesperson told CNBC about Trump’s tax returns. “The dishonest media can continue to make this part of their agenda, while the President will focus on his, which includes tax reform that will benefit all Americans.”
The opinions contained in this column are solely those of the writer.
Want to share your own views on money and politics? Drop us a line at firstname.lastname@example.org and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.