Skip to content
Search AI Powered

Latest Stories

Eric Trump Tried to Come for Biden's Tax Plan and Twitter Made Him Instantly Regret It

Eric Trump Tried to Come for Biden's Tax Plan and Twitter Made Him Instantly Regret It
Noam Galai/WireImage

A recent bombshell New York Times report uncovered last month that President Donald Trump, the first major presidential candidate in decades not to release their tax returns and financial disclosures, only paid $750 in taxes in 2016 and 2017. For 10 of the last 15 years, he paid nothing.

Trump also spearheaded The Tax Cuts and Jobs Act of 2017, which his allies praise as the "Trump Tax Cuts," but according to Policy Genius:


On the whole, low-income families appear to have received the least savings, while high-income families saved the most. Middle-class families saw mixed results. The biggest winners from Trump's tax cuts were probably businesses. Between 2017 and 2018, corporations paid 22.4% less income tax. The total value of refunds issued by the IRS to businesses also increased by 33.8% nationally.

It's the tax plan of Democratic presidential nominee Joe Biden that the Trump campaign is focusing on.

Trump has repeatedly targeted Biden's tax plan on Twitter this week, without offering many specifics, claiming it would "destroy all that you have built!" Trump tweeted about Biden's tax plan three times on Wednesday alone.

That same day, one of the President's sons and executives at the Trump Organization, Eric Trump, shared a picture of a news broadcast showing the combined state and federal tax rates for California, New Jersey, and New York.

There are nuances not evident in the picture of a television.

The increased rates in Biden's tax plan apply to Americans making over $400 thousand per year. Trump's allies have falsely claimed that the Biden tax plan would raise taxes for 82 percent of Americans. These rates also don't account for potential deductions, especially state and local deductions which Trump's tax cuts capped at $10 thousand.

Eric Trump's attempt to smear it largely backfired, especially given the Trumps' own taxation woes.






Others pointed out how few people make over $400 thousand per year.



Trump has yet to release his tax returns.

More from People/donald-trump

Vivian Wilson
@vivllainous/Instagram

Elon Musk's Trans Daughter Just Made Her Drag Debut At An Anti-ICE Fundraiser—And Fans Are Obsessed

Elon Musk's disowned trans daughter Vivian Jenna Wilson has made a name for herself online for mercilessly dragging the father who once said she was "dead" to him because she was "killed by the woke mind virus."

But recently she took it to a new level, leveraging her fame in her first drag performance at a Los Angeles anti-ICE fundraiser.

Keep ReadingShow less
Donald Trump
Brendan Smialowski/AFP via Getty Images

Trump Administration Fast-Tracks Eliminating National Suicide Hotline's LGBTQ+ Youth Support

On Wednesday morning, news broke that the administration of MAGA Republican President Donald Trump was eliminating certain suicide and self harm resources provided through the 988 Suicide and Crisis Lifeline.

The lifeline offered callers options to speak to people who specialize in meeting their needs. But the Trump administration decided this was a service that LGBTQ+ young people don't deserve.

Keep ReadingShow less
Donald Trump
Chip Somodevilla/Getty Images

Trump Blasted For Announcing New Additions To The White House Lawn As Global Tensions Escalate

President Donald Trump was criticized after announcing that two new flagpoles would be added to the North and South Lawns of the White House—not the greatest look amid heightened global unease as tensions between Israel and Iran ramp up.

According to the Associated Press, Trump watched as a crane installed the newest flagpole on the South Lawn, remarking, “It’s such a beautiful pole.” He later returned to the site to salute as the American flag was raised for the first time.

Keep ReadingShow less
Screenshots of Donald Trump from CNN supercut
CNN

Trump Mocked For 'Two Weeks' Iran Deadline With Supercut Of All His 'Two Weeks' Promises

President Donald Trump has a history of promising to resolve problems within "two weeks," and a new viral supercut mocks him for all the times he's said as much—including right now with tensions in the Middle East higher than ever.

Trump said Thursday he will decide within two weeks whether to involve U.S. forces directly in the escalating conflict between Israel and Iran, citing what he called a “substantial chance” for renewed nuclear negotiations with Tehran.

Keep ReadingShow less
red flag with pole on seashore
Seoyeon Choi on Unsplash

People Break Down The 'Silent Red Flags' Folks Tend To Ignore In Relationships

A red flag has come to mean any warning sign in life, in addition to the literal red flags that are placed on beaches or industrial sites to warn people of danger.

People will respond to situations by saying, "That’s a red flag." But before that language evolved, they'd just call them "warning signs."

Keep ReadingShow less