Published: Thu, March 16, 2017
U.S. | By Vera Richards

'No idea' how media got leaked 2005 tax returns

'No idea' how media got leaked 2005 tax returns

Trump is in favor of eliminating the alternative minimum tax, but without it he would have paid a rate of less than 4 percent.

"By the way, let me point out it's entirely possible that Donald sent this to me", Johnston said on MSNBC's "The Rachel Maddow Show".

After first weighing in on Twitter early Wednesday morning, President Donald Trump has issued a more formal response to his tax information being leaked the night prior on MSNBC.

The forms, which the White House called "illegally published", show that Trump earned more than $150 million that year, paid $38 million in taxes and took a $103 million write down.

The statement also criticized the MSNBC host for the report, calling it "desperate for ratings" and pointing out the returns were from "over a decade ago".

At a confab in September, NYT Executive Editor Dean Baquet said Trump's taxes are important because he built his candidacy on the notion of being a wildly successful businessman and the documents would prove that true, or not.

Mr. Trump refused to disclose his tax returns during the election campaign, breaking with a tradition of several decades.

Valeant Pharmaceuticals: What Was Bill Ackman Thinking?
The hedge exited J C Penney Company Inc (NYSE:JCP) in 2013 and resigned from its board after two-year battle with the management. Valeant and Ackman are now facing a shareholder lawsuit over alleged insider trading involving the failed deal for Allergan.

"Just today breaking news, General Motors announced that they are adding or keeping 900 jobs right here in MI, and that's going to be over the next 12 months", he said as he met with automakers in the Wolverine State. According to Fortune's Stephen Gandel, that puts Trump at a tax rate of just 25% in a year when the top rate he would have qualified for was 35%.

Johnston appeared on "The Rachel Maddow Show" Tuesday night to discuss Trump's 1040 tax forms from 2005, which he said appeared in his mailbox from an unknown source.

The returns were reportedly mailed to DCReport.org founder David Cay Johnston, and were later revealed during Maddow's show.

The White House has not indicated if Mr. Trump meant to unveil his documents during his tenure as President.

The statement continued, "It is totally illegal to steal and publish tax returns".

The White House said Trump, as head of the Trump Organization, had a responsibility "to pay no more tax than legally required".

Like this: