So Rachel Maddow had a HUGE announcement tonight that she had secured two pages of one of Trump’s tax returns, apparently leaked to MSNBC in violation of federal law. I didn’t watch her broadcast since I have a low tolerance for her smugness. I knew how it would go: twenty minutes of connect-the-dots condescending intro, a dud of a revelation and back-patting for the remainder. Well, I was right:
Donald Trump earned more than $150 million in the year 2005—and paid just a small percentage of that in regular federal income taxes. Daily Beast contributor David Cay Johnston has obtained what appear to be the first two pages of Trump’s 2005 federal income tax return, and published an analysis of those pages on his website, DCReport.org. The Daily Beast could not independently verify these documents.
The documents show Trump and his wife Melania paying $5.3 million in regular federal income tax—a rate of less than 4% However, the Trumps paid an additional $31 million in the “alternative minimum tax,” or AMT. Trump has previously called for the elimination of this tax.
This is less than a nothingburger. This almost makes Trump look good. So much so that almost everyone in my feeds think that Trump himself was the source of the leak (the White House responded almost instantaneously to the report). 2005 was the last year Trump has a big business deal, selling off two of his assets. It was also before several sources insist he became entangled with Russian interests.
A large segment of the Left, having realize what a dud this was, are now praising Maddow for “keeping the issue at the forefront”. Pfft. The issue was never a big deal for Trump’s supporters. I think we can now make the argument that Trump should release all of his tax returns. But that argument has not changed.