Truth Teller

Crypto student. Information addict. Occasional Peter Schiff troll.

[Truth Teller @GangBustaz]

@benshapiro Did RFK get raped by someone enabled by those family members? How does someone as smart as you come up with such insanely stupid things to say?

[Truth Teller @GangBustaz]

@TiffanyFong Who the fuck looks at Clancy as a role model? If you think women are looking at the Clancy case and thinking, “hey that sounds like a good idea!” then you’re probably the retard.

[Truth Teller @GangBustaz]

@MomAngtrades Because that wouldn’t be funny and what they did write is hilarious.

[Truth Teller @GangBustaz]

@RepNancyMace I log into X for the first time in weeks and here you are still manufacturing faux-controversies. Nobody gives a shit about your tattoos.

[Truth Teller @GangBustaz]

@SteveLovesAmmo He literally looked at a photo of her in a deposition and said it was a picture of his ex wife, you knuckle-dragger. Lol

[Truth Teller @GangBustaz]

@RobSchneider Not that you care about being accurate, but as a criminal defense attorney I can confidently say there is no crime of communism in the US.

[Truth Teller @GangBustaz]

@ChazT2025 @RobSchneider Declared unconstitutional in 1967, genius.

[Truth Teller @GangBustaz]

@JDVance Unless you’re a big Trump donor.

[Truth Teller @GangBustaz]

@TaraBull Ok Karen.

[Truth Teller @GangBustaz]

@PositivFuturist It’s obvious you’ve never actually tried this with a real person.

[Truth Teller @GangBustaz]

@DanielTurnerPTF Trump started a war, which he did have control over. The acoustics in your head must be amazing!

[Truth Teller @GangBustaz]

@DetroitBengals @dmweisberger @TheDonBigote No. A loan against assets that is used for non-deductible purchases is obviously gaming the system to avoid capital gains tax. Don’t play stupid. That’s not a wealth tax. It’s a capital gains tax.

[Truth Teller @GangBustaz]

@DetroitBengals @dmweisberger @TheDonBigote Bingo. You figured it out. Good job!

[Truth Teller @GangBustaz]

@DetroitBengals @dmweisberger @TheDonBigote Even if there weren’t separate loopholes in the estate tax, how is buy and borrow not a loophole? There’s no good reason not to tax borrowing against assets above a certain value at cap gains rates.

[Truth Teller @GangBustaz]

@dmweisberger @TheDonBigote If you understand this loophole, then your original post makes zero sense. You should know that the top 1% effectively use this strategy to have a way lower effective tax rate than people earning more than 213k in wages.

[Truth Teller @GangBustaz]

@dmweisberger It’s not hard. The top 1% in the US have a much higher share of the money than other OECD nations. Their share of tax burden is roughly proportionate to their share of income and wealth. And when measuring effective tax rate, we definitely don’t have the most progressive taxes.

[Truth Teller @GangBustaz]

@billybinion He makes more, he should pay more. Bezos will pay a much smaller percentage of his real income than most modestly successful people, even without taxing unrealized gains, and it’s not even close.

[Truth Teller @GangBustaz]

@billybinion Denmark, Sweden, Germany, France all have more progressive tax rates than the US when comparing effective tax rates, instead of federal tax brackets, which are meaningless for this discussion given the complexity of the US tax code.

[Truth Teller @GangBustaz]

@billybinion That’s an effective tax rate of 19.85% of gains from stock sales alone, and 4.5% of his gain in net worth. Anyone earning more than 213k in wages pays a higher effective tax rate than 19.85%. You just provided an example that disproves your point about progressive tax

[Truth Teller @GangBustaz]

@billybinion And if you account for the hundreds of millions in tax free income he had by “borrowing”’against his assets, his effective tax rate over many years is likely under 3%