Trump earned 153m and paid 36 5m in taxes in 2005
The infamous "Trump tax return" leak!
In 2016, during the US presidential election, a leak of Donald Trump's tax returns from 2005 was published by David Cay Johnston, a Pulitzer Prize-winning journalist. According to the leaked documents, Trump earned $153 million in 2005 and paid $36.5 million in taxes, which translates to an effective tax rate of 23.8%.
Here's a breakdown of the numbers:
- Income: $153 million
- Taxes paid: $36.5 million
- Effective tax rate: 23.8% (=$36.5 million ÷ $153 million)
It's worth noting that the leaked documents only showed Trump's tax return for 2005, and it's unclear what his tax situation was like in other years. Additionally, the leak did not include Trump's business income or expenses, so it's difficult to determine the exact nature of his income and deductions.
The leak sparked controversy and debate about Trump's tax policies and his potential conflicts of interest as a businessman and president. Trump has repeatedly refused to release his tax returns, citing an audit and claiming that they are "none of your business."