The forms showed that Mr. Trump made $67 million in real estate royalties, $42 million in business income, $32 million in capital gains, $9 million in taxable interest<br />and $998,599 in salary in 2005, for a total of nearly $153 million.<br />Without it, Mr. Trump would have paid about $5 million in regular taxes, plus nearly<br />$2 million in self-employment taxes, on $153 million in income in 2005.<br />Mr. Trump paid $38 million in federal income taxes on reported income of $150 million, an effective<br />tax rate of 25 percent, according to forms disclosed on Rachel Maddow’s MSNBC show.<br />In addition to the federal income taxes in 2005, the statement said, he paid “tens of millions of dollars in other taxes, such as sales<br />and excise taxes and employment taxes, and this illegally published return proves just that.”<br />Mr. Trump’s refusal to make his tax returns public during the campaign broke with<br />decades of tradition in presidential contests and emerged as a central issue.<br />In response to The Times’s disclosure that Mr. Trump could have used a $916 million tax loss to avoid paying years of federal income taxes, Mr. Trump<br />and his surrogates said the revelation merely proved his “genius” at legally avoiding that burden.<br />Trump Wrote Off $100 Million in Losses in 2005, Leaked Forms Show -<br />By PETER BAKER and JESSE DRUCKERMARCH 14, 2017<br />A 2005 tax return belonging to President Trump was revealed on "The Rachel Maddow Show" on Tuesday.
