College Students In Shock After Learning TRUTH About Bernie’s Taxes [Video]
The Trump family is taking a victory lap around the left who are now down two anti-Trump conspiracies. The first being the bogus Trump-Russia hoax. Now with the release of Trump’s tax returns, it’s a wonder why liberals aren’t burying their heads in the sand.
If the embarrassment wasn’t enough to crush their egos then perhaps learning that their beloved socialist, Bernie Sanders, didn’t pay his fair share. That’s right. Mr. “taxes will pay for healthcare” didn’t cough up the dough that he expects American taxpayers to fork over.
According to Business Insider, this was a clear victory for the President. Trump’s friends, family, advisers, and supporters have been celebrating the release of his 2005 tax return — which showed he earned $150 million that year and paid roughly $38 million in taxes — as a win for the president against his critics.
Trump’s son Donald Trump Jr. started the hashtag #ThankYouMaddow in response to Rachel Maddow’s much-hyped reveal of the tax return on MSNBC on Tuesday night. The tax return showed that Trump both earned more that year than his doubters thought and paid a higher income tax percentage than either President Barack Obama or former Democratic presidential candidate Bernie Sanders.
The tax return also debunked a theory that had been fueled by a New York Times report published last year that said Trump could have legally avoided paying federal income taxes for up to 18 years because he declared a $916 million loss on his 1995 income tax returns.
Reports show that Bernie Sanders only paid 13.5% to Trump’s whopping 27.5% but Sanders expects everyone else to chip in more to pay for his programs? Take a look at the very moment that information sunk into supporter’s heads:
In 2014, Sen. Sanders and his wife took $60,208 in deductions from their taxable joint income of $205,271. Of course, they are all perfectly entitled to do so because these oft-assailed deductions are legal under and permitted by the U.S. tax code. They paid a total $27,653 in federal income taxes, giving them an effective federal tax rate of just 13.5%. According to the Tax Foundation, the average federal income-tax rate for a couple making $200,000 to $500,000 in 2014 was 15.2%, meaning the class warfare warrior paid a lower-than-average tax rate.
Meanwhile, on average, millionaires and billionaires–the same group of people Sen. Sanders hammered as greedy on the campaign trail last cycle–paid nearly double the federal tax rate that he and his wife did. According to the Tax Foundation, those greedy evil people paid an average effective federal tax rate of 27.4%, slightly higher than the percentage President Trump paid in 2005.
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