That lie by that reporter is typical of today’s lying mediots trying to find some dirt on Trump.
If Trump paid 25% Fed taxes, he needs to find another cpa/accounting firm.
I believe his actual tax liability was $3.8 million -- or about a 2.5% effective Federal tax rate. His rate ended up much higher because he was well into an AMT bracket.
I've always suspected that he has an interesting tax situation because of the nature of his business. Because he's in the business of buying and selling properties, his company probably pays income tax rates instead of capital gains tax rates on these transactions.
LOL....good point....Trump overpaid his taxes.
“If Trump paid 25% Fed taxes, he needs to find another cpa/accounting firm.”
Trump had over 100 million in tax “losses” which must have gone against his gross income. We don’t necessarily know what his total income was from 2 sheets of paper. My guess is his “adjusted gross income” was 153 million, and this was his exposure to the fed tax man.