Trump’s Tax Cuts: The Scam That Keeps on Giving (to Billionaires)

Trump’s Tax Cuts: The Scam That Keeps on Giving (to Billionaires)

As Republicans suddenly rediscover their passion for “cutting the deficit,” let’s take a quick refresher on what Trump’s 2017 tax cuts actually did. Spoiler alert: They weren’t for you.

Step 1: Find Your Tax Rate

Take a look at effective tax rates—the actual percentage of income paid after deductions and credits. For most Americans earning between $30,000 and $100,000, the average tax rate is between 4% and 7%. If income goes up to $200,000, that jumps to about 10%.

Step 2: Compare That to Corporate Giants

Now, let’s check the effective tax rates of the biggest corporations in the world after Trump’s tax cuts:

✅ FedEx: 1% (Yes, lower than someone earning $15K—literal poverty wages)

✅ AT&T: 3% (If you make $50K, congrats! You’re paying double their rate)

✅ Disney: A 20% tax cut, saving billions

✅ Honeywell: Pays less than someone making $50K despite being a monopoly

These companies rake in billions in profits, yet they’re paying the same tax rate—or even less—than working-class Americans.

Step 3: The Great Distraction

Now, after ballooning the deficit with corporate giveaways, Republicans are suddenly panicked about “government spending.” What’s their solution? Cutting social programs, healthcare, and public benefits—the things that actually help working Americans.

Meanwhile, FedEx gets taxed less than a minimum-wage worker. AT&T pays less than a teacher. And somehow, this is what they call a fair system.

So, when politicians start screaming about the deficit again, just remember where the money went. It’s not that the country “can’t afford” things like healthcare or infrastructure. It’s that corporations took the money and ran