Legit or a distraction? MSNBC anchor Rachel Maddow caught everyone off guard Tuesday night (March 14th, 2017) after revealing two pages of Donald Trump’s 2005 tax returns.
But, in the end, many felt the reveal left more questions than answers.
The White House confirmed the leaked W-2’s, pointing out that Donald Trump paid $38 million in taxes on $153 million in earnings, a 24.5% tax rate, however, they did mention that Maddow’s coverage of this story was a reach, desperate and is possible illegal.
Maddow immediately clapped back and said the first amendment allows media outlets to cover documents like taxes.
They also revealed losses of $103 million, which appeared to be from the use of a NOW CLOSED tax loophole in the 1990’s that allowed Trump to deduct previous losses in future years.
The reveal: only TWO PAGES. NOT the full return, which experts would say has key details (NOT limited to: charitable donations, sources of income, deductions claimed, sources of income, earnings from assets and personal businesses) like strategies used to reduce his tax bill.
According to the “AMT,” the “Alternative Minimum Tax”, the leaked W-2 shows Trump paid only a 4.5% tax, that’s way less than what American’s pay. This law is an advantage for wealthy American’s.
AGAIN, just in case you missed it the first time: DCReports.org founder and investigative journalist David Cay Johnston produced the 1040 filing alongside Maddow and said the President and his newlywed wife, Melania, paid $5.3 million — less than 4% of their overall income — in taxes along with $31 million in the so-called “alternative minimum tax.”
The main question here: Who leaked Donald Trump’s tax return? Did the Trump Administration leak them? Is it possible that they were leaked from the White House because 2005 was the ONLY year he actually filed taxes? Who knows…