News Worms
News Worms


Here's the Biggest Revelation From Donald Trump's Leaked Tax Return

But, according to the paperwork, Trump paid an additional $31 million in the "alternative minimum tax", a tax that Trump has previously said he wants to eliminate.

AMT was originally created to prevent rich taxpayers from using excessive loopholes, and Mr Trump has previously called for its elimination. Experts say an IRS audit does not bar someone from releasing the documents. But Trump's full returns would contain key details about things like his charitable giving and how much he made each year.

In October, The New York Times published a story based on a leaked portion of Trump's 1995 state tax returns in multiple states, showing that he declared a massive $916 million loss that year that could have enabled him to avoid paying federal income taxes for almost two decades.

It is not clear if Maddow unearthed an exclusive story for MSNBC or if the president released his tax returns to the media.

President Trump refused throughout the campaign to release his tax returns, and in doing so became the first major-party nominee - and now the first president - since Nixon not to do so.

"Just today breaking news, General Motors announced that they are adding or keeping 900 jobs right here in MI, and that's going to be over the next 12 months", he said as he met with automakers in the Wolverine State.

That would give the president an effective tax rate of about 25.3 percent for that tax year.

The snapshot was broadly favourable to the White House and appeared to back up Trump's claim that he paid his fair share of taxes. "Donald has a long history of leaking material about himself when he thinks it's in his interest".

It said Mr Trump had a responsibility to pay no more tax than was legally required. "It's entirely possible Donald Trump sent it to me", Cray told Maddow.

Johnston, however, did not provide evidence for that theory and argued later that the White House's response suggested the President was displeased with the release.

follow

editors' picks

March 16, 2017
Researchers find spiders eat up to 800 million tons of prey annually
Jumping spider Phidippus mystaceus feeding on a nematoceran prey. Seabirds pick off a relatively paltry 70 million tons. The findings are reported in The Science of Nature .

March 16, 2017
Trump announces challenge to Obama-era fuel standards
Hundreds of protesters also gathered outside the venue to protest Donald Trump's first visit to MI as president. Major automakers opposed the rules, which they say will hamper their ongoing financial recoveries.

March 16, 2017
Samsung prepares to produce foldable smartphone prototypes in Q3 2017
This new smartphone will offer "luxurious design and high-quality", which will have a halo effect on Samsung's entire line-up. Earlier in February, it was reported that the company would kick off foldable smartphone production in Q4 this year.

March 15, 2017
Atletico's Griezmann focussed and firing for Leverkusen test
However, that has not stopped the optimism of the German supporters, 1,200 of whom will follow their side to the Vicente Calderon. However, it has not progressed past the round of 16 since 2001-2002, when it was a beaten finalist.

March 15, 2017
London employers expecting moderate hiring climate for second quarter
The Chicago region - which stretches west to Naperville and north to Kenosha, was at 13 percent at this point past year . The strongest hiring prospects are reported by large employers, followed by medium-sized and small businesses.

March 15, 2017
Why Ackman's Exit May Not Be the End of Valeant's Stock Plunge
Valeant's stock plunged 13% in active premarket trade Tuesday, putting it on course to open at the lowest level since May 2009. Valeant and Ackman are now facing a shareholder lawsuit over alleged insider trading involving the failed deal for Allergan.

March 15, 2017
Having children may increase lifespan
When it came to married with children versus unmarried, the difference in death risk for unmarried men was 1.2 per cent. According to the researchers, men and women with at least one child had lower death risks than those without.

March 15, 2017
USA department store Neiman Marcus up for sale
In particular, the company also took a $153.8 million impairment charge to write down the value of its Neiman Marcus brand. Neiman Marcus didn't immediately respond when asked for comment, and Hudson's Bay says it doesn't comment on rumors.

March 14, 2017
LeBron James Wanted Cleveland Cavaliers to Sign Larry Sanders
INDEPENDENCE, Ohio-The Cavaliers have brought in another center to be the rim protector and are hoping he can stay on the floor. Let's not forget that he was one of the best shot blockers in the league during the 2012-2013 season (2.8 blocks per game).

March 14, 2017
Trump to donate salary, asks White House press corp for suggestions
A Sikh man was shot and injured in front of his Seattle home by an attacker who told him to "go back to your country". Spicer is complicit in doing, which is undermining this country's constitution and our democratic values", she said.