Trump blasts release of 2005 tax form, reporter's account

Trump blasts release of 2005 tax form, reporter's account”

White House press secretary Sean Spicer slammed NBC News on Wednesday for publishing two pages of Trump's 2005 tax returns and denied a suggestion that the president leaked the document.

Before Maddow even went on the air, the White House confirmed the documents were real and stole the headline by saying that Trump's income exceeded $150 million in 2005 and that he paid $38 million in income taxes that year.

Donald Trump had to pay millions in income tax because of tax law he now wants to abolish Donald Trump's income and tax returns from 2005 show he had to pay tens of millions of dollars because of a tax rule he vowed to abolish.

"Conservatives - including the president's son Donald Trump Jr. - crowed that the documents showed Trump paid $38 million on $150 million in revenue, seemingly refuting claims that he dodged taxes".

"Trump's return shows that he's pushing tax changes that benefit multimillionaire heirs like him, not the middle class", Lily Batchelder, a tax law professor at New York University, told The New York Times.

Donald Trumps long awaited tax returns have finally surfaced and they're looking just as exciting as we thought they would.

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.

Why didn't Trump release his tax returns in the first place?

Johnston said the two-page document was delivered anonymously to his mailbox and there was no return address on the envelope.

"Despite this substantial income figure and tax paid, it is totally illegal to steal and publish tax returns", the White House said.

Or is she just kind of like Geraldo Rivera, who has never managed to live down his vaunted opening of Al Capone's secret vault on live television in 1986?

President Trump has made clear he doesn't like the alternative minimum tax, a complex federal levy that will hit some 4.8 million taxpayers this year.

Neither Trump nor anybody in the administration have called for a probe into the returns' release.

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?

Trump has promised tax reform, which includes simplifying the tax code and eliminating the AMT. I don't know if we will ever get full closure on this issue, but I do believe that what Maddow did tonight, while it may have harmed her reputation generally, actually makes it much more likely that we might.

With a single tweet on Tuesday, Ms. Maddow, the MSNBC anchor, set the political world ablaze, announcing at 7:36 p.m. that she was poised to reveal previously unseen tax records from President Trump on her 9 p.m. program.

Trump broke with long-established tradition among White House candidates during the recent election campaign by refusing to release his tax returns.

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