White House Says : Donald Trump Paid $38 Million Tax in 2005
Donald Trump, President of United States has paid $38 million as an income tax in the year of 2005 for having more than $150 million income. The White House has confirmed this News on Tuesday. Before he became the president of USA he is one of the most successful business mans of USA. The White house has confirmed that his family and his employees to pay no more tax than legally required. Concerning this News one popular satellite channel of America also telecasted the news and corresponding paper statements of Trump.
“That being said, Trump paid $38 million 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,” the White House said.
Confirming this White House has released some reports regarding Donald Trump’s tax returns. The Satellite Network of United States, MSNBC Host Rachel Maddow has stated that they got Donald Trump’s 2005 tax forms. Also, the MSNBC hosted a show regarding the document on Tuesday, as per reports of Xinhua.
“Before being elected President, 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.