This is incorrect. The de facto US national income tax is 40%. When added to California state income tax, it is 53%.
That means the state confiscates a majority of your income. But hey, at least they’re fixing the potholes, right?
If you then give money to a person beyond the gift tax exemption while you’re living or dead, cut that in half again.
Please watch this detailed explanation from former CIA analyst Frank Snepp about how the newspapers and magazines you were taught to regard as mainstream and reliable have always eagerly served as disinformation megaphones for the CIA and the US Security State. That's still true.
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The Bankless @YouTube account 'has been terminated'
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Hey @YouTube, our community would like a word!
RETWEET to let YouTube hear you: It’s not okay to ban crypto content
Jokes are jokes, assault is assault. They are in different moral categories completely. It's why we have a first amendment that protects free speech but not one that protects hitting people over hurt feelings. Anybody confused about this or obfuscating has the IQ of a gnat