Donald Trump’s leaked tax return reveals that he had to pay tens of millions of dollars in a single year because of a tax rule that he has specifically promised to abolish as president.
A two-page section of Trump’s tax return for 2005, which was published by MSNBC late on Tuesday, revealed that the president paid $38m in federal taxes on more than $150m in income in 2005.
But the documents also showed that about 82% of the total paid to the Internal Revenue Service that year by Trump and his wife, Melania, was incurred due to a tax that Trump has said should be abolished.
The “alternative minimum tax” (AMT), which was introduced to ensure the mega wealthy pay a fairer share of tax, comprised $31m of Trump’s tax bill compared with $5.3m in regular federal income tax. In the run-up to November’s election, Trump pledged to eliminate the AMT altogether , meaning the president campaigned for a change in the tax law that would have benefited him.