President Donald Trump paid $38 million in taxes on a reported income of $150 million in 2005, according to leaked tax returns shown Tuesday night on MSNBC’s Rachel Maddow Show. That translates to an effective rate of 25 percent. The document not only offers a window into Trump’s wealth, but also shows how Trump’s tax reform plans could benefit him financially. Trump paid a 25 percent rate in 2005 because that’s the so-called alternative minimum ...[more]