WASHINGTON (AP) — The White House said Tuesday that President Donald Trump made more than $150 million in income in 2005 and paid $38 million in income taxes that year.

The acknowledgement came shortly before MSNBC host Rachel Maddow reported on two pages of Trump’s 2005 tax forms on her Tuesday night show.

The records were obtained by Pulitzer prize-winning journalist David Cay Johnston, who said he received the documented unsolicited, in the mail.

The documents have become highly sought-after because Trump refused to release his returns during the campaign, breaking a decades-long tradition. He claimed he was under audit by the Internal Revenue Service and said his attorneys had advised against it — though experts and IRS officials said such audits don’t bar taxpayers from releasing their returns.

The White House pushed back pre-emptively Tuesday night, saying that publishing those returns would be illegal.

“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.

The unauthorized release or publishing of federal tax returns is a criminal offense, punishable by a fine of up to $5,000 and up to five years in jail. But Maddow argued that MSNBC was exercising its First Amendment right to publish information in the public interest.

Based on the documents obtained by Johnston, Trump paid $36.5 million in taxes on $153 million in income, for an effective tax rate of around 24 percent. That percentage is higher than the roughly 10 percent the average American pays each year — but below the 27.4 percent that taxpayers earning 1 million dollars a year average, according to data from the Congressional Joint Committee on Taxation.

Trump long insisted the American public wasn’t interested in his returns and said little could be learned from them. But Trump’s full returns would contain key details about things like his charitable giving, his income sources, the type of deductions he claimed, how much he earned from his assets and what strategies Trump used to reduce his tax bill.

The issue was a major point of attack from his election rival Hillary Clinton, who suggested Trump had something to hide.

The White House has not said whether or not the president plans to release his returns while he’s in office. More than 1 million people have signed a White House petition urging the president to release them.

___

Associated Press writer Jeff Horwitz contributed to this report.

PHOTO: AP

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13 thoughts on “Trump’s 2005 Tax Return Released By White House Before Network Reveal

  1. The Truth on said:

    FAKE AND A ANOTHER DISTRACTIONS FROM THE SPIES.LIES.AND GREED. WE ARE IN A VERY DANGEROUS CYCLE. SOME OF THOSE REPUBLICAN HAVE LOST THERE MINDS….AMERICA PLEASR DONT LET 45 KEEP PLAYING YOU FOR FOOLS!!! SOMEONE IN HIS CAMP HELP PUT THOSE PAPERS OUTTO GET SOME NEGATIVITIES OFF OF HIM PLEASE…PLEASE..WAKE UP…ITS NASTY JUST THINK OF HOW THIS TV SHOW IS PLATING OUT EPISODES ARE EPISODES NOT RESULTS NO TRUE ANSWERS…TRUMPSANITY!!!

    • specialt757 on said:

      You’re exactly right. The orange hitler, #45, agent orange, etc…is the king of deflection. He or someone in his camp sent that two-page return, he must think the American public are fools…okay well some of us are, the ones who voted for him. The IRS doesn’t even go back but so many years, why would we want to see a return from 12 years ago. Please, give me a break. That orange clown is making a fool out of our democracy. And his simps & emps below are still defending him.

      • Diane on said:

        There’s a rumor he sent the taxe reruns to the guy who reported the story. Another deflection from how he lied on Obama about wiretapping his dumbassn

  2. Diane on said:

    I’m more curious about the tax returns from 2009 to the present. I bet he’s hiding something from those tax returns. Something about those loans from China and the Russians. Besides his son told the media last year, ” the money was flowing in from Russia”. Btw where’s that audit letter he refuses to produce??

    • Release of tax returns is not a requirement it’s simply become a fad for POTUS candidates, the Obamas IRS has his returns ( unlike Hillary’s 30k missing e-mails) if there was something illegal there they would have called it out years ago.
      And we know Hillary while S of S had a pay to play scheme going with foreign officials
      Let’s face it between the 2 that old broad was as shaky as a dead tree limb in a hurricane

      • specialt757 on said:

        Jose’ would you have said the same thing if Prez O hadn’t released his? probably not,

      • specialt757 on : Obama only paid 19% Bernie socialist Sanders only paid 13%
        what the hell does a tax return have to do with a person being POTUS? Nixon and Clinton released theirs and look at the scandal they were involved in STOP following the Liberal Lemming Crowed

  3. jhuff on said:

    what is there to hide??? he paid 38 million in taxes that’s more than 99% of Americans make in their whole lives, he paid 25% of his income in taxes it doesn’t take a math genius to 25% 150 mil is far more than 33% of 100k

  4. This person is hiding something in his tax returns. If he wasn’t he would release them. Can we plz have a do over?? This person is unfit and unqualified for the job of the presidency. This person is a joke. This presidency is a joke. The ppl who elected him are jokes. Can we plz have a do over??

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