Federal taxes paid, first year in office
Ronald Reagan: $165,202
George H.W. Bush: $101,382
Bill Clinton: $62,670
George W. Bush: $250,221
Barack Obama: $1,792,414
Donald Trump: $750
Ronald Reagan: $165,202
George H.W. Bush: $101,382
Bill Clinton: $62,670
George W. Bush: $250,221
Barack Obama: $1,792,414
Donald Trump: $750
Sources:
Reagan, HW Bush: https://www.efile.com/historic-1040-income-tax-returns-of-us-presidents-and-candidates/
Clinton:">https://www.efile.com/historic-... https://apnews.com/article/6a04f87470804258301a2a45b603b677
W">https://apnews.com/article/6... Bush: https://georgewbush-whitehouse.archives.gov/news/releases/2002/04/20020412-6.html
Obama:">https://georgewbush-whitehouse.archives.gov/news/rele... https://obamawhitehouse.archives.gov/blog/2010/04/15/president-obama-and-vice-president-biden-s-tax-returns
Trump:">https://obamawhitehouse.archives.gov/blog/2010... https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html?action=click&module=Spotlight&pgtype=Homepage">https://www.nytimes.com/interacti...
Reagan, HW Bush: https://www.efile.com/historic-1040-income-tax-returns-of-us-presidents-and-candidates/
Clinton:">https://www.efile.com/historic-... https://apnews.com/article/6a04f87470804258301a2a45b603b677
W">https://apnews.com/article/6... Bush: https://georgewbush-whitehouse.archives.gov/news/releases/2002/04/20020412-6.html
Obama:">https://georgewbush-whitehouse.archives.gov/news/rele... https://obamawhitehouse.archives.gov/blog/2010/04/15/president-obama-and-vice-president-biden-s-tax-returns
Trump:">https://obamawhitehouse.archives.gov/blog/2010... https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html?action=click&module=Spotlight&pgtype=Homepage">https://www.nytimes.com/interacti...
One thing I& #39;m hearing a lot is "well duh Trump donates his salary." Per the IRS the max charitable writeoff is 50% of the donation. $400k in donations leaves him with $200k to pay taxes on.
And that& #39;s in addition to the millions his other ventures make.
And that& #39;s in addition to the millions his other ventures make.
Turned this into a proper story https://www.washingtonpost.com/business/2020/09/28/trump-taxes-compare-presidents/">https://www.washingtonpost.com/business/...
Yep. "The vast majority of the family’s 2009 income is the proceeds from the sale of the President’s books."
https://obamawhitehouse.archives.gov/blog/2010/04/15/president-obama-and-vice-president-biden-s-tax-returns">https://obamawhitehouse.archives.gov/blog/2010... https://twitter.com/BicycleHannah/status/1310389335737409536?s=20">https://twitter.com/BicycleHa...
https://obamawhitehouse.archives.gov/blog/2010/04/15/president-obama-and-vice-president-biden-s-tax-returns">https://obamawhitehouse.archives.gov/blog/2010... https://twitter.com/BicycleHannah/status/1310389335737409536?s=20">https://twitter.com/BicycleHa...