Okay, one more thing before I do the prep work that I really, really need to get done: that $750. #TrumpTaxReturns
I don't currently have much substantive to say about it. But I do have a historical note: in 1969, the Treasury Secretary testified to Congress that 155 taxpayers who had income in excess of $200,000 paid no income tax. 2/
That year, the story goes, members of Congress received more letters outraged about this tax nonpayment by the wealthy than they did letters about the Vietnam War. 3/
In response, Congress enacted the alternative minimum tax, which was meant to prevent wealthy people from having no income tax liability. 4/
Now as far as I know, there's no evidence that all of these 155 taxpayers were acting fraudulently or even aggressively. But the idea that very wealthy people could pay no income tax is inherently unfair, and struck people as such. 5/
What I'm saying is, even if it turns out Trump managed to reduce his income tax bill to $750 through a non-aggressive, thoroughly legal method, outrage against the unfairness is both fully predictable and, I think it's fair to say, justified. 6/6
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