Return Trump

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President Donald Trump’s tax returns were illegally released to the public, showing that he paid $38 million for an income of more than $150 million in 2005. The two-page form, which was labeled “Client Copy,” did not reveal the exact sources of Trump’s income. His refusal to release his tax returns has been on the Democrats’ list of primary reasons for why they detest his presidency.  


“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,” a White House official stated, “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.”

David Cay Johnston, a Pulitzer-prize winning investigative journalist and tax reporter, was leaked President Donald J. Trump’s 1040 tax form from 2005, which he then took to Rachel Maddow of MSNBC.

It was later reported that Maddow experienced an alarming drop in ratings the day after she released one of President Trump’s tax forms.

As a part of his presidential campaign during the election, Trump proposed cutting taxes, especially those for the extremely wealthy.  Trump’s tax reform plan is still not expected to be brought up until after Congress completes its evaluation of the President’s healthcare reform, an effort that has faced significant dislike from the public.

Every major presidential candidate in recent history has disclosed his or her tax returns since 1976, including 2016 Democratic nominee Hillary Clinton. She and her husband, former President Bill Clinton, earned $10.75 million in 2015, and paid a 34.2% federal tax rate. Mr. Trump declined to release his recent returns during the campaign.

When asked whether Trump would release his 2016 returns, Press Secretary Sean Spicer commented, “My understanding is he’s still under audit and I’ll follow up on the question.”

President Trump recently announced he will not be releasing his tax returns while they’re under audit.

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