Trump's 2005 Tax Returns Share A Look At His 'Fabulous' Annuity Businesses

Two pages from President Donald Trump's 2005 tax return were brought into the spotlight Tuesday evening. MSNBC's Rachel Maddow, a vocal Trump critic, Tweeted ahead of her 9 p.m. show that for the first time Trump's federal tax returns would be shown to the public.

As noted by a CNBC op-ed, the tax returns dispelled a myth that the businessman-turned-president pays no taxes. In fact, in 2005 he earned around $150 million in income and paid $38 million in taxes, which puts him a 24 percent tax rate bracket.

While it's possible 2005 was an anomaly, we do know Trump made a lot of money.

"There are a lot of people on the left who felt that Trump wasn't making any money at all and he was one big phony," CNBC's Jim Cramer said Wednesday.

Perhaps most notable, Cramer highlighted the fact that most of the leaked tax returns show much of Trump's income was derived from licensing of various products and services with Trump's name attached.

Cramer added that these are "fabulous" annuity businesses and the amount of money he earned more than 10 years ago is very impressive.

Bottom line, Cramer suggested the leaked tax returns may prove once and for all Trump is in fact "not a broke guy."

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Image: Emily Elconin