Huge news! Trump earned a lot of money and paid a lot of taxes in 2005! Thanks, Rachel Maddow.

Anyway, when she finally revealed what was in the taxes, it was not a huge deal. Trump earned about $150 million in income in 2005, and paid $38 million in taxes, thanks to the alternative minimum tax, which he wants to kill.

This gives Trump an effective tax rate of about 24 percent, which Johnston pointed out was roughly equal to what he and his wife, who are an upper middle class couple, pay.

And, sure, for a billionaire, you can argue that he should pay more in taxes. But, $38 million is a big number. As is $150 million in income.

Yawn.

0 TrackBacks

Listed below are links to blogs that reference this entry: Trump Makes a Lot of Money and Pays a Lot of Taxes.

TrackBack URL for this entry: http://www.mwilliams.info/mt5/tb-confess.cgi/8911

Comments

Supporters

Email blogmasterofnoneATgmailDOTcom for text link and key word rates.

Site Info

Support