President Trump Paid $38 Million in Taxes on More Than $150 Million in Income in 2005 (VIDEO)

I saw a couple of tweets on this, but now here comes Legal Insurrection with the story. See, "Rachel Maddow’s career committed suicide live on national TV tonight."

And at Bloomberg, "Trump Paid $38 Million Tax on $150 Million Income, Return Shows."

That's huge tax hit. Huge.

It's an effective tax rate of 24 percent. Sheesh. Didn't Mitt Romney get his effective rate down to 14 percent in 2011? I think President Trump needs a new accountant, lol.

And Rachel Maddow needs to get her head screwed on correctly. This is no bombshell. Trump's paying his fair share in federal taxes. Shoot, he's being over-taxed. Maybe that's why he didn't want to release his returns? He's getting hammered by the IRS.

In any case, Maddow's still as butch as ever. I never --- absolutely never --- watch her show. It's been years, literally.



Also, at the Daily Beast, via Memeorandum, "Report: Trump's 2005 Taxes Revealed."