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re: MUH TAXES: What year is it? MAGA must have unleashed his time machine!

Posted on 9/28/20 at 10:40 am to
Posted by Dances with Possums
Member since Feb 2015
34 posts
Posted on 9/28/20 at 10:40 am to
Abraham Lincoln paid almost three times more income tax in 1864 than Donald Trump did in 2016. Not more as a share of his income. More in taxes. Lincoln paid $1981.67 in federal taxes on a salary of $25,000 in 1864-1865. Trump paid $750 in 2016, about one-third what Lincoln paid, but 151 years later. And that's in real, constant dollars. Adjusted for inflation it's, of course, a far more glaring discrepancy.

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