“According to a two-page excerpt from Trump’s 2005 taxes mailed anonymously to Pulitzer Prize–winning investigative reporter David Cay Johnston and published Tuesday by DCReport.org, Trump’s income that year was slightly more than $150 million. In turn, Trump paid about $38 million to the Internal Revenue Service.
“Without the alternative minimum tax, Trump would have owed significantly less money to the feds—about $5 million on his earnings, and almost $2 million in self employment taxes. If you don’t count the latter sum, Trump would have been taxed at an effective rate of about 3 percent, putting him in a tax bracket that doesn’t exactly scream mildly affluent, never mind one befitting a man who claims to be worth $10 billion. As Johnston helpfully explained on MSNBC, “If we didn’t have the alternative minimum tax, he would have paid taxes at a lower rate than the poor who make less than $33,000 a year.”
SO, TRUMP PUSHES TO ELIMINATE THE ATM …. OF COURSE. WOULD HAVE SAVED HIM OVER $30.000.000.
SOURCE:
https://www.thenation.com/article/without-the-amt-donald-trumps-2005-tax-rate-would-have-been-just-3-percent/