The reveal of President Donald Trump’s 2005 tax return ended up backfiring on the liberal media who had hoped to capitalize on it. Instead, they discovered an inconvenient truth: President Trump paid more in taxes, and at a higher tax rate, than their socialist hero Bernie Sanders.
According to TheHill.com, President Trump paid $38 million in taxes in 2005, on income of $150 million. That means President Trump’s tax rate was about 25% for that year.
Compare that to Bernie Sanders, who had a tax rate of only 13.5% in 2014, nearly half of President Trump’s tax rate.
President Trump’s tax rate revelation destroys a narrative that Democrats and some media members pushed during the campaign: that Trump may not have paid taxes at all in recent years. The New York Times reported that Trump claimed a loss of over $900 million in the late 1990s. That sort of a loss would have made him eligible to not pay taxes at all for the next 18 years. His 2005 return proves that is not the case.
According to Hillary Clinton’s tax returns, she actually paid a higher tax rate as President Trump in 2005: around 30%. However, that includes both her and her husband Bill, and their income type (mostly speeches) differs from Trump’s real-estate based income. In 2005, President Obama paid a tax rate of over 30% on his return.
H/T: The Gateway Pundit