Rep. Joe Crowley (D-NY), chairman of the House Democratic Caucus, falsely said Wednesday at a press conference that President Trump paid lower tax rates than most Americans.
“What [Trump’s 2005 tax return] has indicated so far is that he certainly has paid a lower rate, in terms of the tax rate, than most Americans, at 25 percent,” Crowley said.
President Trump paid around $38 million in taxes on $153 million in income in 2005, an effective tax rate of about 25%. According to The Peter G. Peterson Foundation, a 2014 study showed that at least 99 percent of Americans paid a lower effective tax rate than President Trump. The top one percent of Americans paid an average effective tax rate of 26.9 percent.
Furthermore, Fox News compared Trump’s tax rates to those of President Obama and Sen. Bernie Sanders (I-VT). Compared with Trump’s 25 percent rate, Obama paid around 19 percent and Sanders paid 13.5 percent.
9.28.17 11:11 amThe NFL Just Lost Its First Sponsor Over Players Kneeling During The National Anthem
“Our companies will not condone unpatriotic behavior!” Cleveland businessman Allan Jones said in a statement.
9.18.17 10:59 amFox News Highlights Media Bias In A CBS Report About Richard Cordray
“CBS Sunday Morning” didn’t disclose that four of the lawyers that it interviewed had ties to the Consumer Financial Protection Bureau.
9.18.17 10:41 amAmericans Overwhelmingly Reject Internet Sales Tax Proposal
Two of three Americans said they oppose a sales tax in their state on items purchased online.
9.14.17 2:07 pmNew NRSC Ad Hits Claire McCaskill for Saying ‘Normal People’ Can Afford a Private Plane
It’s the latest gaffe for the vulnerable senator from Missouri.