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Trump’s 2005 Tax Rate… Too High Even for the Rich

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.

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  • 2 parrots and a dog

    No American should be required to pay the government that much in taxes. No wonder workers never get raises.

  • rockne10

    Breitbart’s the source! GIVE ME A BREAK! I never paid less than 25% in the over half century of my employment; and never made over $32K. Trump and his ilk should be paying 92% like they would have when America was great in 1960. Anytime you see Breitbart as a source, immediately disbelieve it. It’s what is called fake news.

    • gunnygil

      You are a liar unless you are including sales tax, state income tax, fuel tax, school tax, EPA tax, franchise tax, property tax, Social Security tax, Medicare tax, etc., etc..

      • rockne10

        No, dear; just federal income tax. Those who make as little as I do usually end up paying more than their fair share, in order to make up for the leeches like Trump, and apparently you.