TAX BILL LEAKED

New Straits Times - - World -

tra­di­tion among pres­i­den­tial can­di­dates of all po­lit­i­cal par­ties.

The leak — a sum­mary of one year’s fil­ing from more than a decade ago — is a small, but tan­ta­lis­ing glimpse into the mogul’s tax his­tory.

The White House con­firmed the de­tails just be­fore David Cay John­ston, a Pulitzer Prize-win­ning in­ves­tiga­tive jour­nal­ist, and MSNBC said they would re­veal the short fil­ing.

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.

But the 2005 re­turn showed amounts owed but, cru­cially, not sources of in­come that would con­firm or re­pu­di­ate ques­tions about Trump’s busi­ness ties.

“The doc­u­ments show Trump and his wife, Me­la­nia, pay­ing US$5.3 mil­lion in reg­u­lar fed­eral in­come tax — a rate of less than four per cent,” John­ston wrote in a post on the Daily Beast.

“How­ever, the Trumps paid an ad­di­tional US$31 mil­lion in the so-called ‘al­ter­na­tive min­i­mum tax’, or AMT.”

AMT was orig­i­nally de­signed to pre­vent rich tax­pay­ers from us­ing ex­ces­sive loop­holes, and Trump has pre­vi­ously called for its elim­i­na­tion.

Ap­pear­ing on MSNBC with cen­tre-left com­men­ta­tor Rachel Mad­dow, John­ston said he did not know the source of the leak, not­ing that the re­turn was placed in his mail­box.

“Let me point out it’s en­tirely pos­si­ble Don­ald sent this to me,” he said.

“Don­ald has a long his­tory of leak­ing ma­te­rial about him­self when he thinks it’s in his in­ter­ests.”

Trump’s over­all tax rate was around 25 per cent on earn­ings of over US$150 mil­lion. AFP

AFP PIX

A woman af­ter she suf­fered burns to the face and neck when her head­phones caught fire on a flight to Mel­bourne, Aus­tralia, re­cently.

Don­ald Trump

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