VIDEO Trump’s 2005 Tax Rate Much Higher Than Normal…Even for the Very, Very Wealthy

Trump’s 2005 Tax Rate Much Higher Than Normal…Even for the Very, Very Wealthy

 15 Mar 17 by John Carney

The tax forms made public Tuesday night showed that Donald Trump paid $38 million in federal income taxes on reported income of $150 million in 2005. That would give him an effective tax rate of around 25 percent–far above the rates most very wealthy people paid in the same year.

The average effective income tax rate for all U.S. households in 2005 was just 8.8 percent, according to the Tax Policy Center.  That means Trump’s tax rate was nearly triple that of the average American household.

Of course, Trump was no average tax-payer. His income put him well into the top 1 percent of earners in 2005, even after allowances for past losses. But even among top earners, the average rate was far lower than that paid by Trump.

The average effective rate for the top 1% of income earners in 2005 was 19.7 percent, several points lower than the 25% rate Trump appears to have paid, according to the Tax Policy Center. In other words, the tax return shows that Trump was one of the top tax payers back in 2005.

http://www.breitbart.com/big-government/2017/03/15/trumps-25-2005-tax-rate-much-higher-normal-even-wealthy/


Fmr Clinton Spox Fallon: It Would Be ‘Mistake’ for Dems ‘To Be Distracted’ by MSNBC Trump Tax Story

 14 Mar 17 by Ian Hanchett

On Tuesday’s broadcast of “CNN Tonight,” former Clinton Press Secretary Brian Fallon stated, “I don’t think we learned anything at all interesting” from MSNBC’s report on part of President Trump’s 2005 tax return.

Fallon said, “I never could have predicted I’d coming on your show tonight, Don, and throwing cold water on a report about Donald Trump’s tax returns, but I don’t think we learned anything at all interesting tonight.”

He added that Trump “owes the public the full release of all his tax returns. I think that’s the only way we’ll ever get to the bottom of all his financial holdings and any connections he may have to Russia.”

Fallon concluded Democrats should keep their focus on criticisms of the American Health Care Act, and the tax story “would be a mistake for Democrats to be distracted by.”

Follow Ian Hanchett on Twitter @IanHanchett

http://www.breitbart.com/video/2017/03/14/fmr-clinton-spox-fallon-it-would-be-mistake-for-dems-to-be-distracted-by-msnbc-trump-tax-story/


 

CNN’s Alesci: MSNBC Trump Tax Story ‘Seems Like a Positive Outcome’ for Trump

 14 Mar 2017 by Ian Hanchett

On Tuesday’s broadcast of “CNN Tonight,” CNN Money Correspondent Cristina Alesci said that MSNBC’s story on part of President Trump’s 2005 tax return resulted in a headline that is “pretty positive” for the president because it shows “he made a decent amount of money,” and “paid taxes in 2005.”

Alesci said, “[T]he bottom line is, the headline is pretty positive for Trump. Looks like he made a decent amount of money, putting to bed any rumors or myths that he’s not a successful businessman. And he paid taxes in 2005. So, it seems like a positive outcome for him.”

Follow Ian Hanchett on Twitter @IanHanchett

http://www.breitbart.com/video/2017/03/14/cnns-alesci-msnbc-trump-tax-story-seems-like-a-positive-outcome-for-trump/



 Related

http://www.breitbart.com/big-journalism/2017/03/14/epic-fail-rachel-maddow-mocked-after-dragging-out-trump-tax-scoop/

 

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About ror1774

This Blog is for modern day Patriots who want to Reclaim Our Republic and put it on the right path with a foundation of our Constitution and our Creator God.
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4 Responses to VIDEO Trump’s 2005 Tax Rate Much Higher Than Normal…Even for the Very, Very Wealthy

  1. Brittius says:

    Reblogged this on Brittius.

    Like

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