Connect with us

The Low Down

Trump’s 2005 Taxes Were Leaked, What Did We Learn?

Published

on

Author David Clay Johnson was on the Rachel Maddow Show (TRMS) yesterday. Johnson had brought with him something that many people have wanted to see. He had President Donald Trump’s 2005 federal tax return. The two page document seemed to bring up more questions than it answered. Many people have been trying to get their hands on information about his taxes for some time.

U.S. President Donald Trump gives a thumbs up while walking towards Marine One on the South Lawn of the White House. His taxes do not tell us as much as people want .

Olivier Douliery/Bloomberg

The returns show that Trump made $150 million that year. He also paid $38 million in taxes. This puts his tax rate at 25.33%. Without the impact of the Alternative Minimum Tax (AMT), he would have paid only 5% in federal taxes. This may be one reason the president was so adamant about getting rid of the AMT during his campaign.

The tax returns themselves did not prove to be the “smoking gun” that many people assumed they would be. For his part, Trump wasted no time in responding to TRMS via Twitter.

The White House responds to the leak

The White House put out a statement about the leak: “Despite this substantial income figure and tax paid, it is totally illegal to steal and publish 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.”

There are a number of questions that have not been answered by the 2005 1040 form. While we now know how much Trump paid in taxes, it is still unclear where his income came from, what kinds of deductions he took and what ties he may have with other countries, such as Russia.

Despite Trump’s claims to the contrary, many people around the nation want him to release his taxes to clear up his ties to Russia and to show where he makes his money and where he makes donations to charity.

[socialpoll id=”2427566″]

The Low Down

NBC Renews Brooklyn Nine-Nine For Another Season

Brooklyn Nine-Nine has been going strong for six seasons straight. Universally considered one of the best and most biting sitcoms of the past few years, it ran into a bit of problem last year. Threatened with cancellation, the Andy Samberg star vehicle needed a new home. NBC scooped it up and brought it back with panache. Now, it's coming back...

Published

on

Continue Reading

The Low Down

Matt Ryan Could Potentially Star In A New Constantine TV Show

DC/Vertigo's foul-mouthed but loveable magician has very bad luck. Both in the realities of his stories and in the many attempts to adapt him to screen. From the mediocre film, the good TV, and even the fantastic animated films, he seems to never be able to stick a landing. But his luck may be turning around in the near future....

Published

on

Continue Reading

The Low Down

Wesley Snipes May Be Returning As MCU’s ‘Blade’

How exciting would it be to see another installment of the Blade series starring the original day walker, Wesley Snipes himself? Pretty cool, right? Well, fellow Marvel fans, we might just get to see that. A Synopsis For those of you out there who are hearing about this Blade fellow for the first time, allow us to briefly bring you up...

Published

on

Continue Reading