Yeah, this whole tax thing seems like a giant backfire to me.
I predict this headline will run in the MSM concerning the 2005 tax return:
“Trump paid only $2,292,945 in 2005 on total income of $38,435,451, a measly 5.9%”.
Now the facts from the tax return:
Total taxable income-$38,435,451, (includes $31,263,179 alternative minimum tax.)
Total paid during tax year 2005-$36,142,506(income tax withheld, quarterly payments, extension filing payment etc).
Payment made at time of filing tax return-$2,292,945
I may have got some of the numbers wrong/confused, but that is a lot of money to pay in Alt. Min. Tax.