Political News and Political Analysis about Congress, the President and federal government.

Political News and Political Analysis about Congress, the President and federal government..

by Philip Klein · March 14, 2017
A leaked version of President Trump’s tax return from 2005 shows that he actually paid a higher tax rate than a typical taxpayer in his income group.

Trump paid $38 million in taxes on $150 million of reported income that year, for an effective average tax rate of 25.3 percent.

But that year, those among the top 0.1 percent of taxpayers had an average tax rate of 22.48 percent, according to data from the Tax Foundation.

Though Trump’s taxes were mostly comprised of a massive $31 million alternative minimum tax payment, there is nothing unusual about his overall tax rate. In fact, he paid more than others with his income.

Categories: right

Tagged in: