Tuesday, March 14, 2017

Trump paid 38 Million in Income Taxes in 2005, that is not peanuts

 Illustration Daily Beast 

That's more money in one year than thousands of Americans will make in their lifetime, combined. 
Yet the Democrats are known to accuse the rich of not paying their fair share.  That's always been a malicious lie to fool the low information voter.  We have a progressive tax system in the United States.  The more money one makes, the more money is paid in taxes.  The rich pay more-period! And it's high time for low info voters to get this through their thick heads!  As far as this article from the Daily Beast is concerned, the Leftwing bias is obvious.        

Daily Beast reports Donald Trump earned more than $150 million in the year 2005—and paid just a small percentage of that in regular federal income taxes. Daily Beast contributor David Cay Johnston has obtained what appear to be the first two pages of Trump’s 2005 federal income tax return, and published an analysis of those pages on his website, DCReport.org. The Daily Beast could not independently verify these documents.

The documents show Trump and his wife Melania paying $5.3 million in regular federal income tax—a rate of less than 4% However, the Trumps paid an additional $31 million in the “alternative minimum tax,” or AMT. Trump has previously called for the elimination of this tax.

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