President Donald Trump was taxed at a rate of 25.3 percent, according to newly released federal tax documents from 2005. Trump reported an income of $153 million and paid $38 million in federal taxes. The documents also show he wrote off more than $100 million in business losses.
A majority of his tax rate is attributed to the alternative minimum tax (AMT). The AMT applies to taxpayers with high income by setting a limit on certain tax benefits, according to the IRS. Taxpayers with an average similar annual income to President Trump pay a tax rate of 22.5 percent.
Wondering how Trump stacks up to his predecessors and past presidential candidates? Here’s a look at how they compare.
Don’t Miss: President Donald Trump’s Net Worth
President Barack Obama
President Barack Obama, who has a net worth of $12.2 million and growing due to post-presidential book deals and speaking engagements, reported an income of $436,065 while still in the White House in 2016. The Obamas paid $81,472 in taxes at a rate of 18.7 percent, in addition to donating more than $64,000 to charities.
Prior to taking office in 2008, he and Michelle Obama reported an income of $4.1 million. They paid $1.4 million in federal income tax at a rate of 33.7 percent.
President George W. Bush
President George W. Bush and his wife, Laura, earned $719,274 while in office in 2007, paying $221,635 in federal income taxes at a rate of 35 percent, according to White House documents. The couple also donated more than $165,000 to charities and churches.
Prior to taxing office in 2000, Bush reported an income just shy of $895,000. He paid $484,879 in taxes at a rate of 36.9 percent.
Tax Deductions 2017: 50 Tax Write-Offs You Don’t Know About
Presidential Candidate Hillary Clinton
Hillary and Bill Clinton reported an income of $10.6 million in 2015, according to tax filings released by the Clinton-Kaine campaign on the 2016 campaign trail. The couple fell into the federal tax rate bracket of 34.2 percent, paying approximately $3.6 million in taxes.
Presidential Candidate Bernie Sanders
The tax rate for 2016 Presidential candidate Bernie Sanders and his wife for 2015 was 13.5 percent. The Vermont senator reported an income of slightly more than $200,000, paying $27,653 in federal income taxes. A majority of their income was from Sanders’ $174,000 annual salary as a senator.
The Average American
The average American had a gross income of $71,258 in 2015, according to the most recent information from the IRS. That translates into the average taxpayer paying about $9,600 in federal income tax at a rate of 13.5 percent. That rate includes more than 50 million tax returns in which Americans did not owe any taxes.