AMMAN — The White House Tuesday evening announced that President Donald Trump earned more than $150 million in income and paid $38 million in taxes even after taking into account large scale depreciation for construction in response to questions about the coming publication of his 2005 return.
Trump defied decades of tradition during the 2016 presidential campaign in refusing to voluntarily release his tax returns, which would shed light on the size and breadth of a sprawling real estate and Entertainment Empire he says is worth $10 billion.
That rare acknowledgement came in anticipation of a report by MSNBC host Rachel Maddow, who purported to have copies of Trump’s tax returns from 11 years ago. The White House official spoke on condition of anonymity to discuss a sensitive financial matter.
“You know you are desperate for ratings when you are willing to violate the law to push a story about two pages of tax returns from over a decade ago,” the official added.