Trump probably paid more in Taxes in 2005 than the NY Times

NY Times:

Trump Paid Tax Rate of 25% in ’05, After Huge Write-Offs


In a rare glimpse into the president’s finances, the White House said President Trump paid $38 million in federal income taxes on reported income of $150 million.
It is hard to find out how much the Times paid in the same year with a Google search.  About all you get is numerous references to this story about Trump.  But, with the papers record of losing money in recent years, it likely did not pay a lot of taxes in the time period.

While the paper spends some time talking about Trump's write-offs the real focus should be on the hit he takes from the alternative minimum tax.  My guess is he paid more than the paper did in that year and probably every other recent year.

Comments

Popular posts from this blog

Ted Cruz appears to be headed to victory in Washington state delegates

Another one of those Trump stories Ted Cruz warned about