It seems that the media lied again on the Trump tax rate he paid as compared to Obozo's rate. For Trump, they used his total income (lines 7 through 20) which totals $152 million. Divide that by the $38.4 million he paid in taxes, you get 25%. But, to get to Obozo's 18.7% they used Obozo's "Adjusted Gross Income" (line 38). Trump's Adjusted Gross Income (income after losses) was $48.6 million. That means that in an apples-to-apples comparison, Trump actually paid a 79% rate.
Why is this not news?