BREAKING : Trump’s 2005 Tax Rate MUCH HIGHER Than What UBER WEALTHY Usually Pay

On Tuesday night Rachel Maddow revealed to the world that President Donald Trump pays a HIGHER tax rate than even the RICHEST among us!

Gee, thanks, Rachel!

The 2005 tax forms Maddow released show President Trump paid $38 million in federal income taxes on a reported income of $150 million.

That means his tax rate is approximately  25%, which is MUCH HIGHER than the rates other very wealthy people paid in 2005.

From 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.

Amy Moreno is a Published Author, Pug Lover & Game of Thrones Nerd. You can reach her on Facebook here.