You might have heard about the big reveal on Rachel Maddow’s MSNBC show last night that Donald J. Trump paid $38 million in federal income taxes in 2005. It certainly was interesting.
But it was not exactly a scoop.
For here is what I wrote for the Informer gossip column of Forbes, which I also edited, published on February 9, 2007:
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Just a Bunch of Zeros
A snappy moment enlivened a Camden, N.J. hearing on Donald J. Trump’s libel suit over author Timothy L. O’Brien’s TrumpNation: The Art of Being The Donald. The book says Trump is worth less than $250 million. “I think I’m going to hire his accountant,” Superior Court Judge Irvin J. Snyder exclaimed on the bench after eyeing Trump’s still-secret-to-the-public tax returns. “He only paid $38,000 in tax.” Huge evidence for the defense? “Actually,” O’Brien lawyer Andrew J. Ceresney stammered, “it’s 38–well, 38 million, Your Honor.” Snyder replied, “Oh, thanks. I missed that.” Trump lawyer William M. Tambussi didn’t skip a beat: “So did Mr. O’Brien, Judge.” Trump says he’s worth $6 billion; FORBES figures $2.9 billion. –William P. Barrett Continue reading