The forms showed that Mr. Trump made $67 million in real estate royalties, $42 million in business income, $32 million in capital gains, $9 million in taxable interest
and $998,599 in salary in 2005, for a total of nearly $153 million.
Without it, Mr. Trump would have paid about $5 million in regular taxes, plus nearly
$2 million in self-employment taxes, on $153 million in income in 2005.
Mr. Trump paid $38 million in federal income taxes on reported income of $150 million, an effective
tax rate of 25 percent, according to forms disclosed on Rachel Maddow’s MSNBC show.
In addition to the federal income taxes in 2005, the statement said, he paid “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.”
Mr. Trump’s refusal to make his tax returns public during the campaign broke with
decades of tradition in presidential contests and emerged as a central issue.
In response to The Times’s disclosure that Mr. Trump could have used a $916 million tax loss to avoid paying years of federal income taxes, Mr. Trump
and his surrogates said the revelation merely proved his “genius” at legally avoiding that burden.
Trump Wrote Off $100 Million in Losses in 2005, Leaked Forms Show -
By PETER BAKER and JESSE DRUCKERMARCH 14, 2017
A 2005 tax return belonging to President Trump was revealed on "The Rachel Maddow Show" on Tuesday.