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

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

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

In 2005, Trump paid a cumulative $38 million in taxes on $150 million in income, an effective tax rate of about 25 percent.

Trump said "nobody ever heard of" David Cay Johnson, the Pulitzer Prize-winning reporter who claimed to have received Trump's tax returns in the post from an unknown source.

By way of comparison, Hillary and Bill Clinton, who are millionaires and have published all their tax returns since 1977, paid 30.8 percent in federal tax in 2005.

Rachel Maddow says that if people felt let down by her story about President Donald Trump's 2005 tax document it's more because of the weight of expectation than anything she did.

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Relatives added they were grateful that the incident gave them the opportunity to highlight what an "amazing man" Cochran was. He and his wife ran a recording studio out of their home in West Bountiful, a small town north of the city.

Trump responded to the report on Twitter on Wednesday morning, questioning how the documents were obtained. Donald and Melania Trump were making more than $400,000 a day. Although he initially promised to do so, he later claimed he was under audit by the Internal Revenue Service and said his attorneys had advised against it — though experts and IRS officials said such audits don't bar taxpayers from releasing their returns. Johnston said he did not solicit the tax documents. The exclusive she eventually revealed in the tax returns was little more than the White House had announced before she had gone on the air.

More than a third of the way into the hour, however, Maddow was still riffing on, among other subjects, the political significance of the information she had not yet revealed.

Trump has refused to release his full tax returns since he began his quest for the USA presidency, shattering decades of tradition among candidates of all political parties.

"Donald has a long history of leaking things about himself, and doing it directly and indirectly". Maddow said the fact the returns were leaked to a reporter was of importance.

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I don't know if this was a stunt, but it definitely felt to me like a ratings-grab on Maddow's part, and it was absolutely bad, unwatchable, pathetic television.

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. "It is amusing to me that a president would spend this much energy and political capital to keep secret his finances and his taxes specifically and simultaneously would want to brag about how much money he made".

With a single tweet, she set in motion a social media storm, compelled the White House to undercut her by releasing some of President Donald Trump's tax return information, was accused of breaking the law, was attacked by Fox News Channel and likely drew one of her biggest audiences. Burman says 62 percent of them are expected to pay the tax in 2017.

She fear mongered and tried to rile up viewers with statements such as "the greater concern, the worry, [is] that this president might be financially beholden to an individual, to an institution, to a country", and that we will never know the answer to this without his tax returns.

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"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 White House said on Tuesday.

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