Screenshot, Bluesky post by Robert Reich (@@rbreich.bsky.social)
What do these companies have in common?
- Block
- Citigroup
- Coinbase
- CVS
- Dominion Energy
- Disney
- Halliburton
- Hasbro
- HP
- Kohl's
- Live Nation
- Palantir
- Paypal
- PG&E
- Southwest Airlines
- Tesla
- United Airlines
Thanks in large part to Trump's tax cuts, they all paid a lower effective income ax rate than you:
Zero.
Screenshot, Bluesky post by Robert Reich (@rbreich.bsky.social)
Effective 2025 federal tax rates paid by these
corporations:
Alphabet: 8.01%
AT&T: 4.6%
Meta: 3.57%
General Motors: 3.09%
Amazon: 1.37%
Exxon Mobil: 1.31%
Disney: -1.57%
CVS Health: -3.88%
Income tax rate paid by the typical American: 14.5%
This is what a rigged system looks like.
Screenshot, Bluesky post by Robert Reich (@rbreich.bsky.social)
Your Tax Day reminder that trickle-
down economics is a cruel hoax
designed to enrich the wealthy and
corporations while draining money
for the middle class and the poor.
Don't let billionaires fool you into
thinking we shouldn't tax the rich.
Screenshot, Bluesky post by Robert Reich (@rbreich.bsky.social)
The upward redistribution of wealth
over the past 50 years has shifted
$80 trillion from the bottom 90% of
Americans to the top 1%.
That's $80 trillion that would have
gone into the paychecks of the
working class.
The greatest trick of all is trickle-
down economics.
Thelonious08
Robert Reich
Femme Malheureuse
Herman E.
O.Voão