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Trump paid USD 38 million in taxes in 2005: White House

Thursday, March 16, 2017
By Lalit K Jha

Washington: President Donald Trump paid USD 38 million in taxes on more than USD 150 million in income in 2005, the White House announced today, in a move to pre-empt a leak on this issue by one of the popular television shows.

The White House released details of Trump's income and tax returns after MSNBC journalist Rachel Maddow presented what she said was part of the property mogul's tax forms from 2005. It was unclear who was behind the apparent leak. The White House released a strongly-worded statement condemning the "illegal" action.

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

"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," it said.

"You know you are desperate for rating when you are willing to violate the law to push a story about two pages of tax returns from over a decade ago," the statement read.

Meadow said the federal document was mailed to David Cay Johnson, a Pulitzer prize winning American investigative journalist and author, who now runs DCreport.Org.

Trump made a "large-scale" write-off for construction losses in 2005, the White House said, in response to questions about a partial disclosure of his tax return from that year.

He also paid "millions of dollars in other taxes such as sales and excise taxes and employment taxes," CNN quoted an official as saying, without giving further details.

Trump, 70, was the first major presidential candidate in decades not to release his tax returns. He had said that he would release it when the regular audit is complete.

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