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4 months ago|14 views

Trump probably paid less in federal income tax than average middle-class

NOW - Hot News
NOW - Hot News
Trump probably paid less in federal income tax than average middle-class

The average middle-class American household paid approximately three times as much in federal income taxes in 2016 and 2017 as President Trump, a billionaire real estate mogul with properties and developments all over the world, according to a new report. The New York Times on Sunday revealed that the president, who has for years refused to release his tax returns, paid $750 in income taxes in 2016 and $750 again in income taxes in 2017. In 2016, households in the middle 20 percent of the U. S. income distribution paid an average of $2, 200 in federal income taxes, according to the Congressional Budget Office, a nonpartisan government agency. Those middle-income households each earned about $60, 000 on average in 2016.“His income tax burden is certainly much lower than the average taxpayer, ” said Brian Galle, a law professor and tax expert at Georgetown Law.
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