The recent release of Donald Trump’s 2005 tax return has been getting a lot of attention. Everyone is looking at the larger numbers, but we’ve noticed what’s not on the return. Look at line 62 on page 2 of the 1040. This is where the Schedule H information would be seen if President Trump had paid household employment taxes (the so called “nanny taxes”) with his personal tax return. This number would show the amount of tax he paid on the salaries of his household staff. With a household staff as large as his, one would expect that number to be substantial.
