Hey ras, check this, and whimper a little more in

Posted on: March 16, 2017 at 08:53:00 CT

your fetal position. And, it proves what I said from day one on his returns - the average person, and ALL demlibs, are too ****ing stupid to understand his tax returns.


Now We Know: Trump Paid More Than His Fair Share Of Taxes In 2005

When MSNBC's Rachel Maddow started promoting her big scoop about President Trump's tax returns, she made it seem like it would be the shocker story of the year.

Trump resolutely refused to release his tax returns during the campaign, a break from tradition for presidential candidates. So many in the media were anxiously awaiting what they expected were embarrassing revelations.

Turns out that in 2005 — the only return Maddow got her hands on — Trump paid a huge amount of taxes: $38 million to be exact.

Based on his income for the year, that worked out to a tax rate of nearly 25% on every dime Trump made.

The reporter who obtained the tax form, David Cay Johnston, tried to make this seem like Trump was getting some huge break from the tax code.

"Donald Trump was paid that year like a member of the 0.001%," he said, "but he paid taxes like the 99%. And by at least one measure, he paid like the bottom 50%."

Whatever Johnston's credentials are as a financial journalist, reading IRS data isn't one of them.

It turns out that, if anything, Trump paid more than his share of taxes that year. Or, at least, his tax rate was much higher for those in his income bracket.

Actual IRS data show that in 2005, the top 0.001% of filers paid an average tax rate of 18.95%. Had Trump paid that rate, he'd have saved $9.5 million dollars.

That same year, the average tax rate for the bottom 99% of income tax filers was less than 10%. The tax rate for the bottom 50% was 3.5%

Here's another way to look at it. Trump and the other 1,247 people who represented the top 0.001 percenters in 2005 paid a grand total of $27.2 billion in income taxes.

That's nearly as much as the entire bottom 50% of taxpayers — all 62 million of them — paid in taxes. (They paid a grand total of $33 billion that year.)

Of course, Maddow had just one year of Trump's tax returns. It's likely that his tax rate changed from year to year.

But all Maddow managed to do with her grand Trump tax scoop was showcase how the superrich pay more than their "fair share" of income taxes, while most Americans barely pay any.

That can't possibly be the message she'd hoped to deliver.

Edited by GA Tiger at 09:03:58 on 03/16/17