White House releases 2005 Trump tax details before TV report

But they also paid $31.3 million in the alternative minimum tax, which mainly kicks in when people with high incomes use a lot of tax deductions.

AMT was originally created to prevent rich taxpayers from using excessive loopholes, and Trump has previously called for its elimination.

Here's Rachel's discussion with DCReport's David Cay Johnston and MSNBC's Chris Hayes on what we've learned from the obtained documents.

Baquet did wind up publishing several pages of Trump's 1995 tax returns, in which he reported a loss of almost $1 billion, which meant he could have avoided paying federal income taxes for 18 years.

The forms, which the White House called "illegally published", show that Trump earned more than $150 million that year, paid $38 million in taxes and took a $103 million write down.

It said this could have affected his returns for up to 18 years, allowing him to legally avoid paying federal income taxes.

Trump's refusal to release his tax returns despite decades of precedent featured heavily in the 2016 presidential race. Veteran reporters who covered Trump on the campaign trail said the language of the statement points to being written by Donald Trump, not an aide.

Paulo Dybala: Juventus on same level as Real Madrid, Barcelona
It would take a very rare circumstance for Juventus to fail to advance past Porto and into the quarterfinals of the UEFA Champions League on Tuesday.

-Appearing on MSBNC with Maddow on Tuesday night, Johnston speculated that Trump might have leaked the 2005 returns himself.

As Ronald Klain, a former Obama administration aide, noted, the statement from the White House underscores that there's no legal reason the president can't release his tax returns.

-The documents were the first page of Trump's New York State resident return, the first page of his CT non-resident return and the first page of his New Jersey non-resident return. "It's entirely possible Donald sent this to me, he said".

Presidents and major candidates for the White House have routinely released their income tax returns.

"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", it added.

In January, Trump adviser Kellyanne Conway said the White House would not release the documents.

Recommended News

  • Pirates hijack freighter off Somalia's coast

    Pirates hijack freighter off Somalia's coast

    It came as a surprise to the global shipping industry as worldwide patrols had suppressed pirate hijackings for several years. But attacks fell sharply after ship owners tightened security and vessels stayed further away from the Somali coast.

    Will Samsung finally show its Galaxy X foldable smartphone at IFA 2017?

    The new smartphone would offer "luxurious design and high-quality, " which would have a halo effect on Samsung's entire line-up. It is believed that the mass production will begin in 2018, considering that the prototypes get introduced in Q3 this year.
    2 ex-Penn State officials plead guilty in child-sex scandal

    2 ex-Penn State officials plead guilty in child-sex scandal

    The NCAA also levied a $48 million penalty against the university that is now funding anti-child-abuse efforts in Pennsylvania. One of Sandusky's sons, Jeffrey Sandusky, was recently arrested and charged with sexual assault of a minor.
  • Legendary Juventus keeper Buffon wants to avoid Leicester

    Legendary Juventus keeper Buffon wants to avoid Leicester

    But just as in the first leg, Kasper Schmeichel came up big for the club with a penalty save. Find out what time the draw gets underway where you are in the world .
    Fighter plane crashes in Barmer

    Fighter plane crashes in Barmer

    "A Sukhoi aircraft of Indian Air Force crashed in the field of Shivkar Kudla village in Barmer while on a routine sortie". The Su-30MKI is reportedly going to be the backbone of IAF's fighter planes by the year 2020.
    Five things we learned from Arsenal 5-0 Lincoln City

    Five things we learned from Arsenal 5-0 Lincoln City

    For young Lincoln City manager Danny Cowley, the lessons learned at Arsenal will be invaluable. The first goal was important but it was down to how we approached the game.
  • President Trump talks auto jobs in Michigan

    President Trump talks auto jobs in Michigan

    Hundreds of protesters also gathered outside the venue to protest Donald Trump's first visit to MI as president. Trump will tour Jackson's home, according to Howard Kittell, president and CEO of the Hermitage mansion.
    Doctor Who: The First Trailer for Peter Capaldi's Final Season Has Arrived

    Doctor Who: The First Trailer for Peter Capaldi's Final Season Has Arrived

    The image features Peter Capaldi as The Doctor, with Pearl Mackie as his new companion Bill Potts, and Matt Lucas as Nardole. Showrunner Steven Moffat is also on his way out, and will be replaced by Broadchurch scribe Chris Chibnall in Season 11.
    Washington's Sidney Jones carted off Pro Day with leg injury

    Washington's Sidney Jones carted off Pro Day with leg injury

    If Jones ends up selected in the late second or early third round, he certainly could end up being the steal of this draft class. Over 39 games in his career with the Huskies, the rangy defensive back tallied nine interceptions and 30 passes defended.
  • Donald Trump wants to make drone strikes easier to launch

    Donald Trump wants to make drone strikes easier to launch

    The new policy is in contrast to that of former President Barack Obama that limited the CIA's paramilitary role, the Wall Street Journal reported Monday.
    Son Of Legend Muhammad Ali Questioned Another Time At An Airport

    Son Of Legend Muhammad Ali Questioned Another Time At An Airport

    She tweeted out a photo of the two of them and wrote, "Religiously profiling son of "The Greatest" will not make us safe". The Department of Homeland Security and JetBlue did not immediately respond to BuzzFeed News request for comment.
    Vancouver companies report positive hiring intentions in Q2: Manpower

    Vancouver companies report positive hiring intentions in Q2: Manpower

    The net employment outlook for Victoria is 12% - down 10 percentage points compared with Q1. The final 3% of employers were not sure about their hiring intentions.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.