The White House confirmed Tuesday night that President Donald Trump paid $38 million in federal income tax on more than $150 million in income in 2005 after MSNBC’s The Rachel Maddow Show said it would release the details.
DCReport.org obtained two pages from what it said were Trump’s 2005 Form 1040. The site’s founder, David Cay Johnston, a former reporter for The New York Times, disclosed the details of the two pages, which he said were sent to him through the U.S. Postal Service, on Maddow’s program. The pages come from a part of the return that doesn’t break down Trump’s specific sources of income.
In broader terms, the pages reveal that Trump reported about $152 million in income; $67 million of it in rental income, about 60 percent more than he reported from his general business interests. The White House said the $152 million in income was derived after accounting for “a large-scale depreciation.” The pages show a write down of $103.2 million. He paid the Alternative Minimum Tax of about $38 million.
Does anybody really believe that a reporter, who nobody ever heard of, “went to his mailbox” and found my tax returns? @NBCNews FAKE NEWS!
— Donald J. Trump (@realDonaldTrump) March 15, 2017