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Trump paid $38 M in taxes in 2005

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WASHINGTON (Xinhua) – U.S. President Donald Trump reported more than 150 million U.S. dollars in income in 2005 and 38 million dollars paid in income taxes that year, according to a statement released Tuesday night by the White House.

The White House released some details of Donald Trump’s tax return hours ahead of an anticipated news report, as the American cable and satellite television network MSNBC host Rachel Maddow said she has obtained part of Trump’s 2005 tax forms and prepared to discuss the document on her Tuesday night show.

“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 White House said.

“That being said, 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,” said the White.