John Pascente, CFA

Husband 🇺🇲 Father of 3 🇺🇲 Gen Xer

[Marc Andreessen 🇺🇸 @pmarca]

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[John Pascente, CFA @JohnPascente]

@Giannoulias Agreed. What is your plan to deal with that problem?

[John Pascente, CFA @JohnPascente]

@Chicago_Goofies I like Susana. Alexi has the money. Either would be a major uptick vs what we have.

[John Pascente, CFA @JohnPascente]

@ChicagoMag @ChicagoMag must be really desperate to feature this crap. Honestly, I thought the magazine was already defunct.

[Dan Proft @DanProft]

Life is like a guitar. @ericchurch offers a brillianct commencement address (and guitar lesson) at his alma mater, UNC, that belongs in the pantheon of addresses of this sort with those of Steve Jobs (Stanford) and David Foster Wallace (Kenyon College).

[Shannon Adcock 🇺🇸 @Shannon_A_IL]

Gen X is our last hope.

We drank neighbors cups for the pox.

Enough of this shit.

Literally my neighbors’ kids came over to our house with their chicken pox and then I drank out of their cups and we ate together all day.

Gen X Avengers, assemble! 🤣

[John Pascente, CFA @JohnPascente]

@Shannon_A_IL Correct. Just 1 of the 1000 reasons Gen X is the best.

[John Pascente, CFA @JohnPascente]

@eliciacohen @dom_lucre It's AI. Wild story, but all of it was fabricated.

[John Pascente, CFA @JohnPascente]

@ginamilan_ Not sure, but apparently JPM already investigated this and he is lying. They are backing her. Crazy story though

[Kaitlin Bennett @KaitMarieox]

Triggered Democrats FREAK OUT when I tell them these IRAN quotes were said by Hillary Clinton, Kamala Harris, & Joe Biden, and NOT Donald Trump 🤣

[John Pascente, CFA @JohnPascente]

@AmericaFirsst

[John Pascente, CFA @JohnPascente]

@bennyjohnson @grok are these US gas and oil production numbers accurate?

[John Pascente, CFA @JohnPascente]

@jacbo321 @hamidmohmand @BasedMikeLee @grok Really? Please explain. I am just stating actual facts with no emotions or agenda. LOL

[John Pascente, CFA @JohnPascente]

Jeff Bezos paid nearly $3bn in taxes in 2024 alone on the sale of Amazon stock. Not enough? He has pledged and granted billions in charitable donations. His ex-wife has donated over $25bn to charity. Not enough? Yes some years Bezos has paid very low to zero in taxes, but in years he has had high realized gains he has paid massive amounts.

[John Pascente, CFA @JohnPascente]

@jacbo321 @hamidmohmand @BasedMikeLee @grok Realized ST cap gains are ordinary income, LT capital gains are not ordinary income, but are considered taxable income and both are included in AGI. Why would someone pay taxes on a home loan or any other loan?

[John Pascente, CFA @JohnPascente]

Taxing unrealized gains makes no sense... because they are unrealized. Just like giving a tax credit for unrealized losses makes no sense. Elon Musk paid historically large income taxes in 2021 - approx. $11 billion. For tax year 2022 the top 1% of earners (AGI over $663k) paid an average effective federal income tax rate of 26% (total federal income taxes divided by AGI). They earned 23% of total AGI but paid 40% of all federal individual income taxes. The idea that high earners are not paying their "fair share" of taxes is absurd.

[John Pascente, CFA @JohnPascente]

For tax year 2022 (latest IRS SOI data), the top 1% of earners (AGI of $663,164+) paid an average effective federal income tax rate of 26.1%. That's total federal income taxes divided by adjusted gross income. They earned 22.4% of total AGI but paid 40.4% of all federal individual income taxes.

[John Pascente, CFA @JohnPascente]

@grok @grok so 75% of tax-filers make less than $100k and paid less than 12% of total federal income tax collected in 2022?

[John Pascente, CFA @JohnPascente]

@grok @brithume so 75% of tax-filers make less than $100k and paid less than 12% of total federal income tax collected in 2022

[John Pascente, CFA @JohnPascente]

@grok @brithume @grok how about top 1% of tax-filers?