Unsurprisingly, NPR is out today with more evidence that Jeb Bush isn’t telling the whole story on his tax rates. According to NPR, Bush’s average effective rate is 24.5 percent, not the 36 percent he claims, writing: “That’s a confusing number, and it obscures three decades in which Bush’s income climbed slowly, then explosively.” On top of that, Bush paid a 36 percent tax rate for only 8 of the 33 years of returns released. Financial planner Michael Kitces used slightly different figures and found Bush had a 21.3 percent rate.
Bush’s release may have been branded as an act of transparency but it’s misleading at best — at worst, it’s manipulative.
Jeb Bush released more tax returns than any presidential candidate in history. Over 33 years, the former Florida governor’s campaign said he paid an average effective tax rate of 36 percent.
…depending on how you calculate it.
That’s a confusing […]