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Trump earned $153M and paid $36.5M in taxes in 2005

29 March 2017

They show Trump paid $38 million in federal income taxes on reported income of $150 million, an effective tax rate of 25 per cent.

Trump-hating progressives, who have been demanding for months that he release the returns and prove to the world that he, unlike the little peope whom progressives claim to love, was essentially a tax scofflaw, flocked to their sets jaws dripping saliva to watch MSNBC destroy the new president at last.

Donald and Melania Trump earned around $150 million in 2005, putting them in the top 1 percent of income earners for the year.

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

"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 White House said in a statement.

Maddow's publicity stunt was such an epic fail that commentators were wondering if Trump had leaked his own tax returns.

Were it not for the AMT, Mr Trump would have avoided all but a few million dollars of his 2005 tax bill.

It also probably educated a lot of new viewers to why it is completely insane that Trump has become president without releasing his taxes, while blatantly lying about doing so on multiple occasions.

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White House Press Secretary Sean Spicer said Wednesday that he'd have to follow up with the president's lawyer when asked if any legal action is being contemplated against NBC.

And Maddow said she's going to be just as diligent with the other pieces of that jigsaw puzzle.

On Wednesday evening, MSNBC host Rachel Maddow sparked widespread speculation when she announced on Twitter that she had "Trump tax returns".

Spicer rejected the suggestion that the White House should release more documentation, or information about the amount Trump paid in taxes and his income.

It was a coveted scoop, obtaining documents that President Donald Trump had yet to release himself. Maddow said the fact the returns were leaked to a reporter was of importance.

Before Maddow's show aired, the Trump administration claimed broadcasting the tax info broke a federal law that says people with unauthorized access to tax information can't print or publish it. "I have no idea", Maddow said. The Internal Revenue Service said an audit would not prevent a person from making their tax returns public, and it did not confirm Trump was under audit.

That tells you everything you need to know about the most epic fail in cable news history. What's more, Goldburd notes, the 2005 returns could have been submitted as part of other loan applications, if Trump took out a loan in early 2007, for example (before his 2006 filing was complete) or if a bank wanted multiple years of returns.

Rachel Maddow was irrelevant to me before I wasted 20 minutes of my life listening to her talk about why presidents should release their tax returns and that Donald Trump made a lot of money in 2005, and she's still irrelevant to me.

Trump earned $153M and paid $36.5M in taxes in 2005