Are all politicians tax frauds?

MCPO Roger Collins - We paid 25% this year, since we have no dependents. As your income increases the more you pay, and we don't make enough to bury it in loopholes. Thanks for asking. I'm retired, so I don't make 06 pay. I'm also paying state income tax, property tax, sales tax, co-payments and premiums for insurance. I have been blessed. I pull my weight, but I don't look for ways to manipulate our taxes. I take the honest deductions like most people. I'm low on the IRS radar. But what if I made the IRS try to figure out how much I made every year and then collect that? That is what Mr Trump does every year. That is what we will all learn when he can't hide the past years taxes. He should release them if he has nothing to be ashamed of.

Do you know why he is flagged every year? It isn't because he is wealthy.

Col Rebecca Lorraine - no, your marginal tax rate is 25%. Mine is even higher, but that is after the deduction you and everyone else get legally. As shown below, you would have to have an income of $200K to have a marginal rate of 22%. As I said my marginal rate was about 14% last year and that was unusually high.

Marginal tax rate: When you hear people say they’re in the 28% tax bracket, they are referring to their marginal tax rate. Your marginal tax is based on your “last dollar” of income. That means if you are single and earned $200,000, your marginal tax rate would be 33%.

Effective tax rate: This is the actual tax rate you pay on all your income. For example, if you file your return as married filing jointly and have a combined income of $200,000, your effective rate won’t be more than 22%, even though you are in the 28% tax bracket.

Col Rebecca Lorraine - Yes, as explained in an article earlier, that is precisely what they do and four others they look at.