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More from @TimOBrien

Tim O'Brien

@TimOBrien

7 Jun

US investigators have recovered millions of dollars in cryptocurrency paid in ransom to hackers whose attack prompted the shutdown of the Colonial Pipeline last month.

Maybe cryptocurrencies aren't as untraceable as we thought. cnn.com/2021/06/07/pol…

"In some cases, US officials can find the ransomware operators and "own" their network within hours of an attack, one of the sources explained, noting that allows relevant agencies to monitor the actor's communications and potentially identify additional key players."

Colonial Pipeline paid its ransom in cryptocurrency. There's a reason for that: bloomberg.com/opinion/articl…

Read 4 tweets

Tim O'Brien

@TimOBrien

7 Jun

https://twitter.com/alexsalvinews/status/1401895132375384071

Serial bankruptcy artist and scamster weighs in on Bitcoin.

https://twitter.com/alexsalvinews/status/1401895132375384071

If somebody from Russia walked into Mar-a-Lago with a bag of cash and a proposal to create and market a Trumpcoin, Trump would pounce on it in seconds.

And there it is: coinmarketcap.com/currencies/tru…

Read 5 tweets

Tim O'Brien

@TimOBrien

18 May

@ggreenwald

1/x: No, it really didn’t @ggreenwald. It informed a minor subset of reporting around Trump and Russia, but was hardly the crux — even conceding errant and/or misguided reporting associated with it.

You want the Steele dossier to be the Rosetta Stone of Trump-Russia reporting…

https://twitter.com/ggreenwald/status/1394438568748146692

2/x:…because it gives you a convenient excuse for all of reason the knee-jerk apologias you kept pushing about Russia during all of this. But there was plenty of important history, hardcore facts and intersections between Trump and Russia quite apart from the Steele dossier…

3/x…that made that line of reporting necessary and valuable — even though you were either willfully ignorant about it, or just simply ignorant about it.

So if you want to go down the Trump-Russia road, raise your game and stop leaning on the Steele dossier as a crutch.

Read 6 tweets

Tim O'Brien

@TimOBrien

26 Apr

Critics of Biden’s capital gains tax hike have been relying on voodoo instead of facts. It’s almost like invoking hamburger shortages. bloomberg.com/opinion/articl…

The wealthiest 1% of Americans reported about 75% of all long-term capital gains in 2019, according to the Tax Policy Center, with the wealthiest 0.1% — the cohort with annual incomes above $3.8 million — hauling in more than half of all capital gains.

The stock market overall has been on a mammoth upward swing since 1987 despite seismic upheavals such as the 2008 financial crisis and the arrival of the Covid-19 pandemic last year. It continued soaring despite capital gains hikes as well.

Read 4 tweets

Tim O'Brien

@TimOBrien

24 Mar

The IRS has spent years underestimating how much income wealthy tax dodgers have masked. The money has been stashed in complex structures, often offshore accounts or private partnerships, shortchanging Uncle Sam by about $175 billion a year. bloomberg.com/opinion/articl…

Researchers zeroed in on the top 1%, top .1% and top .01% of US taxpayers from 2006-2013. In 2013, you were a one-percenter if your AGI was $428,713 or more. You were in the .1% with income of about $1.9 million or more, and .01% if you reported at least $9.5 million.

Analysts found that affluent people were more likely to evade taxes if they could find ways to shelter a lot of money inexpensively. If they couldn’t save a lot of money, they’d pass. If it was expensive to shelter money, they’d pass. But not many are passing, apparently.

Read 4 tweets