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Exampe of why the GOP wants to get rid of the Alternative Minimum Tax

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independentusa

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We know know at least someting about Trump's taxes for the year 2005. He earned 150 million dollars and paid 36.5 million in Federal Income taxes or about 24%. His taxes for this year though are a good example of why the GOP wants too eliminate the Alernative Minimum Tax from the Federal Tax law. If there had been no Alternative Minumum TXax Law, Trump would have paid just a little over 5 million dollars in Federal Income tax, or about 3%. So he would have earned 150 million and paid 5 million. That is the same as someone earning a 150 thousand dollars and paying about 5 thousand dollars in taxes.
 
The last that I heard, Trump will release his tax returns when the audit is complete. Since he has yet to offer any proof that he is actually under audit, I doubt the returns will be reduced any time soon. I believe that his "so-called" audit is only on CY2009 and later, so he would certainly have no issue with his pre 2009 returns being released.
 
independentusa said:
We know know at least someting about Trump's taxes for the year 2005. He earned 150 million dollars and paid 36.5 million in Federal Income taxes or about 24%. His taxes for this year though are a good example of why the GOP wants too eliminate the Alernative Minimum Tax from the Federal Tax law. If there had been no Alternative Minumum TXax Law, Trump would have paid just a little over 5 million dollars in Federal Income tax, or about 3%. So he would have earned 150 million and paid 5 million. That is the same as someone earning a 150 thousand dollars and paying about 5 thousand dollars in taxes.
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Do you have any facts to back this up? Perhaps a link to an article, or is this just mindless hate speech?
 
That sounds awesome.


independentusa said:
We know know at least someting about Trump's taxes for the year 2005. He earned 150 million dollars and paid 36.5 million in Federal Income taxes or about 24%. His taxes for this year though are a good example of why the GOP wants too eliminate the Alernative Minimum Tax from the Federal Tax law. If there had been no Alternative Minumum TXax Law, Trump would have paid just a little over 5 million dollars in Federal Income tax, or about 3%. So he would have earned 150 million and paid 5 million. That is the same as someone earning a 150 thousand dollars and paying about 5 thousand dollars in taxes.
Click to expand...
 
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