For the last 3-4 years I have been in the 29% bracket. Trump made much more than me and paid 25%. 0bama also made more than me and paid aroght generate more revenue und 19% or less for many years. I want to take leftists by their ankles and shake change from their pockets to pay their taxes. Harvesting their organs might make up the difference. The loony left might even go for this.
He might have “only” paid 25% but it is within law but some of that might be deferred income to be taxed later.
That’s because the largest portion of his income was capital gains (a much lower tax rate) because he sold his homes
Trump paid a 120% effective rate.
To figure your effective tax rate you divide “Total tax” (Line 63) by “Taxable Income” (Line 43).
Trump paid $38M on $31.5M taxable income. Not too many returns look like that.