Wednesday, March 15, 2017

Day 54: Leaked Tax Returns

The big news tonight is that somebody got hold of part of Trump's 2005 tax returns, and leaked them to the press (video + analysis). The White house is not happy. Trump claimed an income of $130 million, and paid income taxes of $36.5 million. Note that Trump paid a very similar tax rate to people earning between $50,000 and $100,000. I think most people will agree that his tax rate (24%) is not particularly fair. Also, he wants to get rid of the alternative minimum tax, which was responsible for about $30 million of his taxes.
Finally, in case you want to get up to speed, here is an overview of all of Trump's connections to Russia that we know about, going back 30 years. It's actually very concise.

No comments:

Post a Comment