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.
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