monitoring Trump and relevant contemporary events

Rachel Maddog here to show us the light.,

https://www.youtube.com/watch?v=N9Z4W-rbWQI

I think that she prefers "Butch" as a first name over Rachel,

US President Donald Trump paid $38m (£31m) in tax on more than $150m (£123m) income in 2005, a leaked partial tax return shows.

The two pages of tax return, revealed by US TV network MSNBC, also showed he declared $103m in losses. It gave no details on income sources.

The White House said publishing the tax return was against the law.

Mr Trump refused to release his tax returns during the election campaign, breaking with a long-held tradition.

He has said he is under audit by tax authorities and that his lawyers advise against releasing tax returns. His critics, however, say they suspect Mr Trump has something to hide.




Correspondents say that, despite the lack of detail, the leak is still significant because so little is known about President Trump's tax affairs and the new information could increase pressure on him to release more.

The two pages show that Mr Trump paid $5.3m in federal income tax and an extra $31m in what is called alternative minimum tax (AMT).

AMT was set up nearly 50 years ago to stop the wealthiest people from using deductions and loopholes to avoid paying taxes. Mr Trump has called for it to be abolished.

The $38m bill was an effective tax rate of about 24%, higher than the average American citizen would pay but below the 27.4% averaged by higher-earning taxpayers.

Rachel Maddog here to show us the light.,

https://www.youtube.com/watch?v=N9Z4W-rbWQI

US President Donald Trump paid $38m (£31m) in tax on more than $150m (£123m) income in 2005, a leaked partial tax return shows.

Didn't she break the law by revealing a person's tax returns without permission?

US Secretary of State Rex Tillerson, the former head of Exxon Mobil, used an alias email address while at the oil company to discuss information related to climate change, the New York attorney general says.

Eric Schneiderman says Mr Tillerson used an account named "Wayne Tracker" for at least seven years.

Wayne is Mr Tillerson's middle name.

Mr Schneiderman is investigating whether Exxon misled investors and the public about climate change.

In a letter to a New York state judge overseeing the investigation, the attorney general said the company had not previously disclosed the account, which was also used to discuss other issues.

The attorney general also said Exxon had produced some 60 documents bearing the "Wayne Tracker" account but never said it was used by Mr Tillerson.

Mr Schneiderman said Exxon had failed to give his office all documents covered by a court order in response to the investigation.

The state department declined to comment.

The two pages show that Mr Trump paid $5.3m in federal income tax and an extra $31m in what is called alternative minimum tax (AMT).

AMT was set up nearly 50 years ago to stop the wealthiest people from using deductions and loopholes to avoid paying taxes.

Quote:

US President Donald Trump paid $38m (£31m) in tax on more than $150m (£123m) income in 2005, a leaked partial tax return shows.

Well, that really bites, eh? For months now I've been hearing from the cheese-eaters that Trump paid no taxes, for one of two reasons (or both):.

1. He is a tax cheat and exploits "unfair" tax laws, and/or
2. He showed no income because he's actually a failure as a businessman who lies about his achievements.

38 million in taxes, in one year alone. And that just income taxes. He paid tens of millions more in real estate taxes, payroll taxes, sales taxes, etc.

The cheese-eaters around here wouldn't make, let alone pay in taxes, 38 million in 500 years. And, at that rate, they wouldn't pay a cent in taxes to help subsidize society's deadbeats.

Welfare queens nationwide should be celebrating Trump's success, and that of others like him.