Washington, March 15 (IANS) US President Donald Trump paid $38 million in taxes on more than $150 million in income in 2005, the White House said on Tuesday.
The White House released some details of Donald Trump's tax return hours ahead of an anticipated news report, as the American cable and satellite television network MSNBC host Rachel Maddow said she has obtained part of Trump's 2005 tax forms and prepared to discuss the document on her Tuesday night show, Xinhua reported.
"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.
"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.
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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