The big news Tuesday night was that Rachel Maddow was in possession of Trump’s tax returns from 2005. Well, a couple pages of them. When she announced that on Twitter, the internet blew up.
Everyone wanted to tune in to her show at 9:00 p.m. EST to finally see not only how Trump got away with paying no income taxes, but also all the questionable sources of all his income. No doubt the Russians were his secret employer.
After her bombshell revelation, there was much rejoicing from her fans:
Not surprisingly, it was a whole lot of hype, and little to no content.
Not only did the two pages reveal nothing about the source of Trump’s income in 2005, it showed that he didn’t try to avoid paying taxes. About 25 percent of his income that year went to the feds in taxes.
On an income of about $153 million, Trump ended up having to pay $36.5 million. AP reported:
The tax form was obtained by Pulitzer prize-winning journalist David Cay Johnston, who runs the website DCReport.org, and reported on MSNBC’s “The Rachel Maddow Show.” Johnston, who has long reported on tax issues, said he received the documents in the mail, unsolicited.
Rachel Maddow’s show airs on MSNBC, which is owned by NBC Universal, which is owned by Comcast. Their average effective tax rate is 24 percent.
Trump paid 25 percent of his income, while in 2015, the Obamas paid 18.7 percent. From the Washington Times:
President Obama and first lady Michelle Obama paid more than $81,000 in taxes last year on reported adjusted gross income of $436,065, for an effective tax rate of 18.7 percent, according to tax returns released Friday afternoon by the White House.
The Obamas paid $81,472 in total tax. Last year their effective tax rate was 19.6 percent, on income of $477,383.
And not only that, but Bernie Sanders only paid 13.5 percent of his income to the feds in taxes.
What does it all mean? It means that Rachel Maddow’s “revelation” totally backfired. It means that all her hype getting people to view her show was the equivalent of an over-sensationalized, false, and misleading headline. In other words, this was fake news.
The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com