Donald Trump

Trump unleashes rant vs Pulitzer winner over leaked tax returns

PUBLISHED : Thursday, 16 March, 2017, 1:17am
UPDATED : Thursday, 16 March, 2017, 1:17am

President Donald Trump on Wednesday questioned the origins of a leaked tax return that showed he paid US$38 million on more than US$150 million of reported income in 2005 — while the recipient of the leak suggested it may have come from Trump himself.

Trump tweeted the morning after MSNBC disclosed two pages of the 2005 return.

David Cay Johnston, a Pulitzer Prize-winning journalist who wrote a book about Trump and founded the website, told MSNBC’s Rachel Maddow Show that he obtained two pages of Trump’s 2005 tax return via the US mail.

Johnston — who told Maddow that “it’s entirely possible that Donald Trump sent this to me; Donald Trump has, over the years, leaked all sorts of things” — responded in kind on Twitter:

The author of a book called The Making of Donald Trump also said Wednesday that he and his family have received death threats since the tax story broke.

Trump, who refused to release any of his taxes during the 2016 campaign, wrote off more than US$100 million in business losses for 2005, and paid the alternative minimum tax. The president has proposed eliminating the AMT, a move that would lead to lower tax bills for him and other wealthy Americans.

His US$38 million payment in 2005 reflected a 25 per cent tax rate.

Critics say Trump’s tax returns could shed light on the investigation into Russian activities during the 2016 presidential election. Trump has called the Russia investigation a “witch hunt” and said he has no business interests in Russia.

The two pages of 2005 tax returns that emerged this week shed no light on the issue. “This describes the types of income, but not the sources,” Johnston said.

The president and aides have not said whether he will release his next tax return, as previous presidents have done.

The White House statement, while confirming the numbers in the return, questioned the legality of the leak.

“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,” the statement said.