White House responding to his 2005 tax returns being released. He

[applegrove]

paid 38 million in taxes on income of 150 million and more.

[leftstreet]

1. I don't think he 'paid' that, he deducted it

https://www.wsj.com/articles/donald-trump-got-a-big-break-on-2005-taxes-1458249902

By Richard Rubin
March 17, 2016 5:25 p.m. ET
137 COMMENTS

Donald Trump was able to deduct $39.1 million from his 2005 federal income taxes by pledging not to build houses on a New Jersey golf course he owns, according to public records.

An appraisal conducted for the 2005 transaction determined that Trump National Golf Club in Bedminster, N.J. was worth $49.5 million if it could be split into 33 estates, but just $10.4 million as a golf course. Tax law lets property owners impose permanent conservation restrictions and then claim charitable deductions for the reduction in value. Those restrictions curb what future owners may do with a property.

In 2005, according to the Internal Revenue Service, 2,186 taxpayers claimed so-called conservation easements for a total of $1.8 billion. That means Mr. Trump’s $39.1 million would have represented about 2% of all such deductions nationwide that year.

[unblock]

4. He got a tax break for doing nothing

Just giving up a right. He found an appraiser who said that right was very valuable and no doubt paid that appraiser bigly.

Or, knowing Donnie, at least *promised* to pay him bigly.

[sinkingfeeling]

2. Effective rate of 25%. I paid a higher rate in 2005.

[former9thward]

3. You must have made a lot of money that year.

A lot.

[sinkingfeeling]

5. Not a tremendous amount, but don't get to deduct a ton of

stuff. Just donations and state and local taxes. Also I file as single.

[former9thward]

8. I have made a lot of money some years but never paid close to 25%.

And I file single.

[Squinch]

6. Then he should prove it.

[Greywing]

7. WH running scared IMO

[Thrill]

9. Sounds like it's probably going to show he didn't pay any income tax