Here Are Donald Trump’s Tax Returns
Donald Trumps long awaited tax returns have finally surfaced and they’re looking just as exciting as we thought they would. DCReport.org got their hands on two of the pages from Trump’s 2005 Form 1040 and MSNBC did a full expose on the matter.
The forms state that Trump reported about $152 million in income, and paid about $38 million in tax. $5.3m in normal federal income tax with an additional $31m in “alternative minimum tax”. The rate is lower than most, but not to a degree that you’d consider criminal. His rate was about 25.3% while Hillary paid about 30.8%. There also appears to be no love notes from Russia in the paper, if you were wondering.
Above is the PDF hosted by MSNBC.
The White House released a scathing release which immediately went on the attack.
“You know you are desperate for ratings when you are willing to violate the law to push a story about two pages of tax returns from over a decade ago.” the release starts. “…it is totally illegal to steal and publish tax returns.”
It is in fact illegal to steal and publish tax returns, however the MSNBC may be in the clear since they received them anonymously in the mail and this would be protected by the second amendment.
“Before being elected President,” the statement continues. “Mr Trump was one of the most successful businessmen in the world with a responsibility to his company, his family and his employees to pay no more tax than legally required. That being sad, Mr Trump paid $38 million dollars even after taking into account large scale depreciation for construction, on an income of more than $150 million dollars, as well as paying tens of millions of dollars in other taxes such as sales and excise taxes and employment taxes and this illegally published return proves just that.”
On the second page of the release there also appears to be a “Client Copy” stamp, which has started leading some to believe that the documents were planted by Trump himself. The fact it’s a client copy would mean that this didn’t just come from a disgruntled Internal Revenue Service employee. The options left are that they had the foresight to stamp it before sending it out (throwing people off the trail and muddying the waters and ruining the release) or that someone who had access to Trump’s personal effects stole the papers.
Alternatively of course this was the most clever double cross Trump has pulled to date to make the media look shrill, by cherry picking a good year of returns and continuing to destabilize the public’s trust in the media. This idea at least fits with Trump’s usual strategy, but it seems too damn clever. Spicer has already denied this final accusation.
Since watergate every president has released their tax returns, Trump is the first to refuse. That being said, there is now law that requires a president to release their tax returns, it’s just good form.