Rachel Maddow To Break News About Trump's Tax Returns

Rachel Maddow of MSNBC. Image via Twitter

In addition to the $5.3 million Trump paid in 2005, he paid considerably more - $31 million - under the Alternative Minimum Tax, a section of the tax code he vowed to eliminate on the campaign trail.

During the 2016 campaign, Trump called for the elimination of the alternative minimum tax (AMT), which is a tax created to make sure that all taxpayers pay a certain amount even if they manage to reduce their tax liability.

The White House said Trump paid $38m in taxes and had earned income of "more than $150m" that year.

The White House statement called the network "desperate for ratings" for being willing to violate the law by releasing Trump's returns. According to the Times, the $916 million loss in Trump's leaked 1995 tax return was substantial enough that Trump could've used it to avoid paying any taxes up until 2013.

While the president may have paid fewer taxes than he qualified for, some Trump supporters are seeing the news in a positive light.

Trump's tax records of the year 2005 were obtained by Pulitzer prize-winning journalist David Cay Johnston. Some think that this is precisely why Trump would have wanted to leak the documents himself: to prove that he has nothing to hide.

-The documents were the first page of Trump's New York State resident return, the first page of his CT non-resident return and the first page of his New Jersey non-resident return.

It added, "Before being elected president, Mr. Trump was one of the most successful businessmen in the world".

Referring to the documents obtained by Johnston, the White House on Tuesday night said that publishing those documents will be illegal. "It's entirely possible Donald Trump sent it to me", Cray told Maddow. "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", the official - who refused to be named - claimed.

The White House did not say if it would release returns from other years as well.

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