Did Trump Pay a Higher Tax Rate Than Warren Buffett’s Secretary?

by Steve MacDonald

MSNBCThe big news that’s not news at all is that MSNBC and Rachel Madcow reported that in 2005 Donald Trump paid $38 million in taxes on $150 (152.7) Million in income. That’s 24% of his income lost to Uncle Sam.

Big whoop.

Back in 2012, Barack Obama chose Debbie Bosanek, Warren Buffett’s secretary to make a case for how unfair the US Tax code is. Poor Debbie was paying over 30% according to Obama while her boss only paid 17.5%. Her boss earns his money on capital gains, so he isn’t paying any income tax. He’s paying a tax based on profit from risk taking, also known as investing. Debbie is paying taxes on her paycheck, which at 35.8% (or whatever it really was) suggests she earned between $200,000.00 and half a million a year.

That is unfair. Obama should have used his phone and his pen to lower the tax rate for Debbie and everyone else to 17.5%. Instead, Barry-O used the IRS to chase health-insurance dodgers and attack political opponents the latter of which are what Rachel Madcow and the nutty f*ckers™ on the left are trying to do to Mr. Trump.

Someone (probably on the left) broke the law so we could learn that after all the other taxes Trump dished out for payrolls, property, and the million other shocks that US business owners incomes are heir to, he gave up another 24% of his own income. In 2005.

You got him cornered now.

Leave a Comment

  • mer

    Actually the “big whoop” is:
    Trump paid 24-25%, Obama paid 18%, Bernie paid 13% and Comast paid 24%.
    http://twitchy.com/gregp-3534/2017/03/15/trump-paid-a-higher-tax-rate-than-obama-comcast-and-bernie-sanders/

    And we won’t even talk about Al Sharpton still owing taxes and how many others that Obama nominated with tax issues (Tim Geithner Secretary of the Treasury)

    • Bruce Currie

      Word is that Trump leaked this document. It puts his tax status in a favorable light, and deflects attention away from the GOP healthcare fight. If this return accurately compares to other years, one wonders why it wasn’t released earlier, and why others haven’t been released. But it isn’t hard to guess.

      • granitegrok

        Proof or conjecture?

        • Ed Naile

          Troll

        • Bruce Currie

          Which part, that Trump leaked it, or that in most years he”s paid little or nothing in taxes?

          • granitegrok

            NIce try at deflection, Bruce. Your statement of “Word is that Trump leaked” – I shall repeat myself: proof or conjecture? I see a whole lot of those on the Left with this innuendo – do you have solid proof that he did?

          • mer

            “They say…”
            “People say…”
            “It’s common knowledge that…”

            A few more weasel phrases (apologies to the cute furry weasels) also used by trolls to give the impression of proof.

            “They say that unseasonably warm or unseasonably cold temperatures indicate climate change”

  • “”Contrary to initial reports based on a leaked copy of President Donald Trump’s form 1040 from 2005, the president actually paid an effective tax rate of 79 percent on his income that year.””

    http://thefederalist.com/2017/03/15/trumps-effective-tax-rate-2005-actually-79-percent/

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