‘ Yes, Trump’s technical income tax rate was about 4% in 2005 due to write-offs from previous major losses. But he still had to pay the AMT, which brought his effective tax rate up to about 25%'
His effective income tax rate is closer to 79%. You pay taxes on adjusted gross income, which was about $48 million. The deducted losses were already taxed previously. There was no problem calculating it this way when Obama released his taxes.