Trump’s 2005 Tax Rate Much Higher Than Normal…Even for the Very, Very Wealthy – Breitbart

The average effective income tax rate for all U.S. households in 2005 was just 8.8 percent, according to the Tax Policy Center.  That means Trump’s tax rate was nearly triple that of the average American household.

Of course, Trump was no average tax-payer. His income put him well into the top 1 percent of earners in 2005, even after allowances for past losses. But even among top earners, the average rate was far lower than that paid by Trump.

The average effective rate for the top 1% of income earners in 2005 was 19.7 percent, several points lower than the 25% rate Trump appears to have paid, according to the Tax Policy Center. In other words, the tax return shows that Trump was one of the top tax payers back in 2005. 

Source: Trump’s 2005 Tax Rate Much Higher Than Normal…Even for the Very, Very Wealthy – Breitbart

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About Virtual Quilter

I am a quilter who designs many more quilts than I will ever make, and I am sharing one quilt design every day in Virtual Quilter. I also share my completed projects in Stuff-Ups, and Christmas decorations in Christmas Everyday of the Year.
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