re: #65 KGxvi

That’s an effective rate of 32.75%. Which seems about right to me.

Yup. One of the main ways to bring down your effective tax rate is if you’ve got a lot of cap gains and losses, and that doesn’t appear to be the case with Biden. There’s ordinary income and royalties, which are treated same as ordinary income.

Trump’s got NOLs up the wazoo (legal term), and self dealing, and claiming expenses that are not valid, and seeks a massive refund that isn’t warranted. We know he’s self dealing and engaging in money laundering to keep his business afloat. The entire thing is a house of cards and a shell game to stay one step ahead of the tax authorities. Someone else in his claimed position (a billionaire) would normally see a tax bill in the millions of dollars. What’s worse is that we know he’s paid a bunch of tax to other foreign jurisdictions, while paying no tax here. That’s odd too.