MDtruths

[MDtruths @MDtruthss]

@N0RINCO @DenisMu63652603 @4TaxFairness @SenRubenGallego They do not. Again, corporations also pay low taxes due to write offs. No I can’t live off of a HELOC, I don’t have a house worth millions and then pay myself in more shares of my house. Crazy how hard you’re fighting for billionaires.

[MDtruths @MDtruthss]

@N0RINCO @DenisMu63652603 @4TaxFairness @SenRubenGallego

[MDtruths @MDtruthss]

@N0RINCO @DenisMu63652603 @4TaxFairness @SenRubenGallego I would argue they have tax advisors so that they never pay the highest tax rates. I don’t blame them for using loopholes, I would too if I could. I am arguing they should close them because it makes no sense to allow a billionaire to pay lower effective rates than a teacher.

[MDtruths @MDtruthss]

@N0RINCO @DenisMu63652603 @4TaxFairness @SenRubenGallego Im asserting that the system shouldn’t even allow for something like that in the first place. Billionaires should not be allowed to pay a lower percentage in taxes than any middle class American. AND I’m not even accounting for all the stuff they write off as a “business expense”

[MDtruths @MDtruthss]

@N0RINCO @DenisMu63652603 @4TaxFairness @SenRubenGallego Except they never sell and instead borrow against it to avoid taxes. Your maximum % double taxation doesn’t really happen. corporate tax is also dodged all the time. A company can just claim capital investments or depreciation losses and write off taxes.

[MDtruths @MDtruthss]

@N0RINCO @DenisMu63652603 @4TaxFairness @SenRubenGallego Kids can borrow on the stocks, a loan which is tax free, and never pay taxes.

[MDtruths @MDtruthss]

@ShoNuffHNIC @DenisMu63652603 @4TaxFairness @SenRubenGallego You’re retarded. Of course they should pay more, it’s about percentages. If you make 50k and paid 1 penny in taxes. That’s equal to Elon musk paying 200k. He’s ridiculously wealthy. I can’t believe people out here fighting for billionaires to make more.

[MDtruths @MDtruthss]

@N0RINCO @DenisMu63652603 @4TaxFairness @SenRubenGallego They don’t. Instead of selling and paying income taxes on their profits they pass the stocks to their kids, any potential gains tax owed disappears through a step up basis loophole. The kids now don’t owe any capitals gains tax and can continue to borrow.

[MDtruths @MDtruthss]

@DenisMu63652603 @N0RINCO @4TaxFairness @SenRubenGallego The problem is billionaires pay less % tax than me, and no I can’t get paid in stocks and then ask a bank to loan me money on my stocks, and then have a multimillion tax avoidance on my death. I am all for shrinking the govt and decrease govt spending too.

[MDtruths @MDtruthss]

@N0RINCO @DenisMu63652603 @4TaxFairness @SenRubenGallego The heirs pay without being taxed the full gains tax because there are loopholes after they die that they take advantage of, step up and inheritance tax loopholes.

[MDtruths @MDtruthss]

@elonmusk You’ve turned into such an annoying crybaby. “Wah wah whites are being abused” while at the same time being the richest person in the world, and white. STFU

[MDtruths @MDtruthss]

@elonmusk Omg get over this race obsession.

[MDtruths @MDtruthss]

@Rhinopirate75 @AkilSosa @4TaxFairness @SenRubenGallego loan rates lower than what they would pay in taxes and lower than what their stock increases. And when it’s time to sell after their death then inheritance loopholes and step up loopholes prevent their kids from paying their taxes. So they never pay their fair share ever.

[MDtruths @MDtruthss]

@ABrinkster @4TaxFairness @SenRubenGallego Agreed. Too bad they also pay lobbyist to prevent just that.

[MDtruths @MDtruthss]

@DenisMu63652603 @4TaxFairness @SenRubenGallego You’re dumb as a rock. They borrow against stocks as a loophole so they never have to pay taxes on their gains. When they die their kids can pay off their debts without having to pay the taxes ever through inheritance and step up loopholes. They end up paying less than common ppl

[MDtruths @MDtruthss]

@HunterBiden @acnewsitics @HunterBiden you’re my new favorite Twitter celebrity 🤣

[MDtruths @MDtruthss]

@elonmusk What is your obsession with race?

[MDtruths @MDtruthss]

@mcmatt84 @theliamnissan Lmao, peak MAGA delusion. Trump’s “max pressure” left Iran enriched to 60%+, broke no one, & they never begged or surrendered. Soleimani was one guy. Now closer to a bomb than ever. Tweets aren’t strength, champ. Stay coping.

[MDtruths @MDtruthss]

@AmericanEthical Corruption through and through. Sounds about RIGHT.

[MDtruths @MDtruthss]

@sharjeeltwitess @HalkuKaFufa @grok Lame