Trump's tax documents released to public after leak

US President Donald Trump

Trump’s taxes back in the spotlight after frantic WH release, with Foreign Affairs editor Nathan Smith

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The White House today released the 2005 tax return documents of US President Donald Trump.

A news corporation revealed on Twitter that it was in possession of the returns and would display them in public. But the White House pre-empted the release by sending its own two-page version online.

Those records show in 2005 Mr Trump earned $US150 million and paid $US38 million in federal taxes at a 25% tax rate. Before these records were released, the latest returns date to 1995 and show Mr Trump posting a $US916 million loss.

Mr Trump also appears to have written off $US100 million in business losses.

The White House press statement was unequivocal in condemning the looming release of the information, saying the journalist was so “desperate for ratings” the corporation was even “willing to violate the law” to publish the records.

“Before being elected president, Mr Trump was one of the most successful businessmen in the world with a responsibility to his company, his family and his employees to pay no more tax than legally required," the statement says.

"That being said, Mr Trump paid $US38 million even after taking into account large-scale depreciation for construction, on an income of more than $US150 million, 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."

It goes on to say 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.”

Mr Trump had promised to release his tax returns when an audit was completed. However, the IRS has not confirmed whether the president’s taxes are under audit. Previous heads of state have released their tax returns before entering office.

“I have very big returns, as you know, and I have everything all approved and very beautiful, and we’ll be working that over in the next period of time,” Mr Trump said in a January 2016 interview.


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Why do we need to know this?

One must asked whether the leak by MSNBC will be prosecuted as surely leaking other peoples tax returns is a federal offence and I hope that they go after those responsible.Okay Trump wishes to eliminate the AMT good o him he is a businessman.

Maybe one day the press will stop all this Trump bashing and let him get on with the job.

Also while I am at it Nicola Sturgeon your referendum failed get over it -Brexit is happening so let it go. Once the Scots realised that the UK would stop the hands in the cookie jar they thought hello no more welfare.

Glasshouses and stones come to mind.

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Every Napoleon needs a Squealer

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Napolean? - Trump? Say what? Would that Trump had half the brain, and be half the person that Napolean was? Suggest that a re-read of history and a visit to France to study Napolean's social good philosophy and legacy systems still supporting that nation today might be an enlightening exercise. Enjoy the croissant.

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Rather than Ruby re-reading history, suggest you (re)read Animal Farm. The reference to characters Napoleon and Squealer was bang-on.

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It's not an offence, it's a First Amendment right to publish material that has been obtained from a source. That 'federal offence' is just lying spin from WH.

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Anyone else here thinking along the lines that the pre-emptive release, vicious retort and "leak" were all stage-managed by Mr Trump himself? Can't help but think this is yet another "lookee over hereee!" attempt by the Capitol Hill circus...

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Well this is what is in the other corner Moosie.....

A company owned by the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, stands to receive more than $400 million from a prominent Chinese company that is investing in the Kushners’ marquee Manhattan office tower at 666 Fifth Ave.

The planned $4-billion transaction includes terms that some real estate experts consider unusually favorable for the Kushners. It provides them with both a sizable cash payout from Anbang Insurance Group for a property that has struggled financially and an equity stake in a new partnership.

Conflict of interest you say? What? Where?

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So strange that Trump was all ready to release a series of appointments and nominations at the same time as MSNBC were covering the story....including the nomination of Goldman Sachs managing director James Donovan as deputy Treasury secretary - White House.

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Pretty sure the Capitol Hill Circus now has more ex-Goldman Sachs employees than Goldman Sachs itself! Also read an article yesterday saying that the American Bankers Association was setting up a 2 day training camp on how-to break into the sector for bankers looking to commit to a political future.

Drain the swamp... then refill it - wider, and deeper!

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How many people does Donald Trump employ
Is it company Tax
To tell the truth I couldn't give a rats ass its his business.

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When oh when can we get to point where our NZ media are willing to do there own research/analysis, and which is proven to be reliable & creditable, instead of just relying on news feeds from US media - in the total scheme of things, this stuff is trivia - who cares about Trump's tax returns ??

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I'm sure I saw this in the WSJ nearly a year back???

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He promised to release them, then didn't, so a leak is fair game. And funny how it takes two seconds to get them out now while he's been dragging his heels for months. Fishy.

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Whatever the source the article will be on the front page of the New Zealand Washington Herald Post verbatim.

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There is absolutely no requirement, other than shabby political precedent, for Trump's or any other public official's private finances, including his or her tax returns, to be made public. This whole issue is political b.s. peddled by a lazy and incompetent media.

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Just like the birth certificate, eh?

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The reason most nominees have done it is to show their integrity.

Probably the same reason Trump has elected not to do it with his recent returns.

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Sometimes it amazes me just how rich some people are.

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"Them?" Since when is ONE tax return "them"? Oh, I know - since the Trump circus took over Washington and fake news became real. Puh-leeze!

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Hi, although tax returns are usually referred to in the plural, we appreciate your comment and have altered the headline to say "documents" as there is more than one page in the form.

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