Edition: United States  
One News Page
“Probably the fastest-access news portal in the world”
> >

A Trump Tax Return Has Been Revealed - But What Does It Tell Us?

One News Page Staff Wednesday, 15 March 2017
A Trump Tax Return Has Been Revealed - But What Does It Tell Us?by

Of all the matters that US President Donald Trump has come under scrutiny for in the past few months, there have been fewer more contentious than his tax returns. Despite claims that he would reveal his financial contributions ahead of becoming US head of state, this was soon shot down shortly after he took office – leading many opponents of the outspoken statesman to wonder why there was such a refusal. There have been various claims made against Trump’s financial affairs in the past, even before he took to the campaign trail and became the latest President – and it appears that someone has opened up a fresh can of worms by revealing a statement of taxation dating back to 2005.

Rachel Maddow, hosting on MSNBC, revealed that two pages of Trump’s returns from 2005 had been obtained, and that they had been delivered by a journalist who received them via mail. The pages of the return are thought to detail a $105 million loss write-down, and that both the President and First Lady Melania Trump paid a total of $36.3 million in tax, with this shared between $5.3 million on income tax and $31 million on ‘alternative minimum’ tax, according to the Daily Record. It’s thought that these payments were made towards income totaling more than $150 million altogether.

The White House responded to the leak by stating that the show was ‘willing to violate the law to push a story about two pages of tax returns from over a decade ago’. The statement observed that $38 million had been paid by Trump in addition to paying towards employment taxes and excise. The statement, in fact, focused more on the claim of the leaked document having been revealed in an illegal capacity – pointing out a ‘dishonest media’ that the President and his team has largely commented on throughout his first few weeks in charge. Can the data provided really be put down to ‘fake news’ this time, however?

It is clear why there was a scramble for Trump’s tax returns to be revealed on-air – his details had been kept under close guard ever since he took office and it is not yet clear whether the remainder of his records will be brought to light. It is even less clear, too, where the war between Trump and the media will end.

5
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: CBS 4 WCCO Minnesota - < > Embed

News video: Trump Releases Some Tax Return Information

Trump Releases Some Tax Return Information 02:08

On Tuesday evening, President Donald Trump released details of a joint tax return he filed with his wife Melanie in 2005, Hena Daniels reports (2:08). WCCO This Morning – March 15, 2017

Recent related news

Traders are gearing up for Trump's tax cut plan

Traders are gearing up for Trump's tax cut plan
It looks like “Trump Trade” is back on beca use of the tax proposal set to be released next Monday, which should reveal specifics on lowering the corporate...
Business Insider - BusinessAlso reported by •Raw StorybizjournalsSeattlePI.com

Pence says Trump will make trip to Indianapolis on Wednesday

ANDERSON, Ind. (AP) — President Donald Trump will be visiting Indianapolis to promote the Republican-led federal tax overhaul effort. Vice President Mike Pence...
Seattle Times - Front Page

Trump "Insists On Wall" As Part Of Immigration Deal, Will "Veto Single Payer" Healthcare

Trump Insists On Wall As Part Of Immigration Deal, Will Veto Single Payer Healthcare
On his return trip from Florida, President Trump spoke to reporters aboard Air Force 1 and the result was a burst of headlines, among which Trump's comments on...
Zero Hedge - Markets

US Senate Republican tax chief wants dividend deduction in tax reform

The U.S. Senate’s top Republican on tax policy said on Tuesday that allowing U.S. corporations to deduct dividend payments to shareholders from federal income...
Raw Story - USAlso reported by •Newsmax

​Former port authority senior executive joins this local bank

A former official with the Greater Cincinnati Redevelopment Authority is joining Fifth Third Bank as its vice president of commercial real estate for national...
bizjournals - Business

City Controller: Soda tax could have been averted

Philadelphia's city controller says the city should never have established a soda tax. It's one of several disagreements the outgoing official has had with Mayor...
bizjournals - Business

Trump Tweets About Parsons Green Bombing - And Some Hackles Are Raised

Trump Tweets About Parsons Green Bombing - And Some Hackles Are Raised
by Graham Pierrepoint - US President Donald Trump is, of course, the most famous tweeter on the planet. Gone are the simpler days of Stephen Fry and Lady Gaga...
One News Page Staff - US

Trump: The US Will Destroy North Korea If Threatened

Trump: The US Will Destroy North Korea If Threatened
by Graham Pierrepoint - The United Nations is, generally, seen as a hub for the various countries of the world to come together and to discuss matters at large...
One News Page Staff - World


You Might Like


Other recent news in US

New EARTHQUAKE, magnitude 6.1, shakes jittery MexicoMelo Era Ends As Knicks Trade CARMELO ANTHONY To Oklahoma City Thunder
NFL: DONALD TRUMP says players protesting during US national anthem should be firedSouth Korea Says Natural North KOREA EARTHQUAKE Detected
Trump ‘withdraws’ WHITE HOUSE invitation to NBA’s Stephen Curry — after star says ‘I don’t want to go’Soul singer CHARLES BRADLEY dies aged 68
PRESIDENT TRUMP To Warriors, Stephen Curry: ‘Invitation Is Withdrawn!’NFL COMMISSIONER Roger Goodell fires back, calls President Trump's comments 'divisive'
UC Berkeley says 'FREE SPEECH Week' event canceledNew MEXICO school board to recite Pledge of Allegiance in Spanish at meetings

Twitter

•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+