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Explain It to Me
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Donald Trump's Tax Return
A puzzling thing about this Trump tax return is that if you just own tons of shit, as Donald Trump does, you have a lot of income timing ability. And without more years of returns, it's very difficult to understand how typical this year was either in terms of his income or the amount of taxes paid. It almost got absorbed is good for him because at least he paid some taxes, right? Well, I want to be clear. I pay a higher tax rate than Donald Trump. 25% is not a high tax rate given where he should be given what he's making.
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