Maddow Exclusive: Trump 2005 Tax Return Shows He Paid $38 Million On $150 Million Income


UPDATE: President Trump responded Wednesday morning, see below

MSNBC's Rachel Maddow talks about the precedent for why presidents have released their tax returns and the types of questions tax returns hope to answer about Donald Trump's business relationships.

Maddow and David Cay Johnston discuss how Johnston obtained the summary pages of President Donald Trump's 2005 tax returns and what they say about the president's tax burden:

Maddow hyped the segment with the following tweet an hour before her show:

Prior to the segment the White House released this statement:

Mr. Trump paid $38 million dollars even after taking into account large scale depreciation for construction, on an income of more than $150 million dollars, as well as paying tens of millions of dollars in other taxes such as sales and excise taxes and employment taxes and this illegally published return proves just that.

Read the 2-page 1040:

Donald Trump's 2005 tax return by on Scribd

Trump tweeted Wednesday morning, "Does anybody really believe that a reporter, who nobody ever heard of, "went to his mailbox" and found my tax returns? @NBCNews FAKE NEWS!"

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