$38 Million in Tax? Donald Trump Needs a Tax Shelter

The media keeps telling us the President pays no taxes. That turns out to be a very big lie.

by Daniel J. Mitchell
March 15, 2017

The multi-faceted controversy over Donald Trump’s taxes has been rejuvenated by a partial leak of his 2005 tax return.

Interestingly, it appears that Trump pays a lot of tax. At least for that one year. Which is contrary to what a lot of people have suspected – including me in the column I wrote on this topic last year for Time.