He should prove it:thumbsup

A small business is up to 50 employees. He has the equivalent of three. He is not part of the problem and is the same on the same level as an anarchist going in and starting shit in the movement. No different than pointing out the racist signs at a tea party movement.

ah yes, the salve of the unaccomplished's ego.

"they cheated! They're not smarter, more able, and work harder"

Love the movement but the guy is right.

As others have said, these people need to focus on something solid instead of just blurting out crybaby statements.

You bet your ass that's the truth.

You really think that if you offered someone who makes $35k a year a job making twenty times that they wouldn't jump through hoops and suck cock to get it?

thats like saying "prove the sky is blue"
its obvious.

fed top tax rate 33%
NY state tax rate 8.97%
NY City tax rate 12.62%

that looks like 54.59%
knock off 4.5% for deductions and you're still above 50%

I really wish people would learn to be grateful for what they have instead of looking over the fence. The fact is, most people don't have the ability to be successful because of the sacrifice and effort involved.

I'm not even 30 yet, and I've had grey hairs showing up for several years now. That's not because running a company is easy ;)

It would be easier prove by his tax returns than your guessing :winkwink: Anyway that is what they should have been asking him to do.

Occupiers = Losers

yes, yes, I know you need to ask for proof that the sky is blue.

50 assholes

He has a longer 18 min video of this session with many more people. I found it very interesting.

If his accountant pays that. He should be fired. Taxes are paid by the stupid or poor.

My last job was to give a company a $30,000,000 tax write off, for which I got a $1,000 bonus. Worked 16x7 on the paperwork ,and still didn't make one of bonus the goals. But I was honest, and told by boss, I didn't make it. Could have lied, he would have never known. Lost $2000 + a week's paid vacation.

fuck that guy. the sheep made him rich and they line up to be fleeced.

please son.
once you make enough to need an accountant you'll realize there is no magic accountant that makes your tax on taxable income disappear.

Why some people say he is arrogant in this video? I only see him trying to have normal discussion with some incapable ones :)

my favorite trick or treater of the night on Halloween had written on a white t-shirt "occupy wallstreet, i'm the 99%". he held a picket sign that said "give me all your money" but crossed out money and wrote candy in red next to it. loved it :thumbsup

Yea you can also which idiots have never actually had any income to tax by their absurd comments about how only stupid people pay taxes. Successful smart people pay taxes and stupid people march in the street screaming for more handouts. :1orglaugh

It's easy to get read by thousands of tin foil hats. All you need to do is write something that totally doesn't make any sense at all and put it on a domain that's really stupid and cotains the word "truth"

Peter Schiff and Harold Camping... like 2 peas in a pod! :thumbsup



https://youtube.com/watch?v=EZ2u3RmspYg

It's only obvious to those people that know the facts.
And for better or for worst, most people simply don't know those facts.

well, right now everything is outsources to people who did it about 1% as good as americans. But its also 99% cheaper. So companies do not care about customer satisfaction, just bottom line. Have you ever called outsource customer service? It is the most useless shit on the planet. Which is why there are a lot less jobs in America. So if those androids cost more then 100 people in india. most likely it will not fly.

obviously you are wrong or there would be alot more killing.

We are all both 99% and 1% at the same time. I'm pretty sure almost everyone in the usa has it 99% better than the rest of the world, so the 99% is the 1% at the same time.

You are the 99% of the .1% , are you killing people ?

Admittedly I haven't bothered watching the video or reading most of this thread, but I'm drinking tonight and feel the need to rail on the OWS idiots. If the movement was simply about the scumbag banks and auto companies that took huge bailouts and then continued to pay out ridiculous bonuses, or the inside trading shitbags on Wall Street, then I could absolutely get behind that. I'll never understand how one can be bailed out for being a shitty businessman and failing.

But protesting against those that make over $300,000 a year, or the so called 1%, is just plain idiocy. Why should someone be penalized for busting their ass and carving out their slice of what is supposed to be the American dream? It really makes me fucking sick...

Taxes
 

Guess that's why GE paid no taxes last year. $5+ Billion in US Revenue and got a tax refund.
I spent one month beating Florida out of $3,000,000 in sales tax. For every tax law, there are a dozen loopholes. That means the company I worked for, put that much free cash in their bottom line.
Hell one day, using accounting, I made more than any of their 400+ national stores. This is a fortune 750 company. It's not magic.

Don't forget the sales tax, liquor tax, tobacco tax, gas tax, utility tax, junk food tax, etc etc etc.

its an interesting vid.

However......

The big thing in the uk is with banks were exacatives are being paid millions and other firms who have not seen profits have had a 50% increase in directors pay.

My mate works for a big bank in the uk. they (the workers) see the execatives as a joke and pay nonsence. He was telling me one of the main directors has phoned in ill as the goverment wanted to interview him. Basicly the goverment bailed the bank out so efectivly own the bank. shares in the bank droped as it was clear he was avoiding the questions.

this is the problem. its not about pay, its about the market force.

in a real market force people would be paid by providing results and profits, yet this is not the case. they are getting pay increases even when profits have gone down.

its more close to comunism than capalism when you pay people this way.

a true market force would stop these problems. the problem is that boh uk and usa do not have a true market force, its geared to help certain people.

you have a point.

i am not sure what the 1% stands for, but i fail to see why he is included.

150 people is not a huge firm. and if he owns it, its his business (excuse the pun) what he does.

its the banks who were bailed out but still paying huge execative wages and bouses thats the problem. thats not capatilim, thats comuism, in the fact the market force has no bering on what they do as they are protected.

the banks should have been alowed to fail. but the problem was, they all have protection with other banks. they pay a sort of insurance to other banks. the idea being if you make a less, the bank you pay bails you out. however the losses were so huge it would have meant the banks could not afford to cover the costs, so in turn every bank would fail. so it was seen as the only option was to bail them out in both usa and uk.

Wouldn't it have been better to bail out the people instead of the banks. So the people could pay the banks their loans? win win. After all, it was the tax payers money they used.

It's also less worthwhile as most of these tinfoil are already outside of the common paradigm. This is why I focus my efforts elsewhere, my main target is Political sites

I like Peter Schiff a lot...... its smart Americans like this that give the country a good name (debate aside). The fact is the anti-capitalist movement has no real argument and doesnt propose any realistic alternative either.

He started his business in a 1 bedroom apartment? Good on him....

He's against the Fed too, he knows where the real problem lies

On wall street the Schiffster is a permabear. His solutions for problems in the economy are always way too dramatic and idealstic. He certainly is well educated though.

You are talking about two different kinds of taxes.

Correction.. it was freshly printed money that they used.

:2 cents:

people in the top 1% pay tax.
you can talk about GE and other fortune 500 companies all day long, when the money goes into a person's pocket, its taxed. if you live in NY and are in the top bracket, its taxed at 50%

anything else is a lie.:thumbsup

It was just the expression. Obviously you won't be bumped to 1% if you actually killed.

Millionaires pay less than average tax rate
 

http://money.cnn.com/2011/10/13/news...rule/index.htm

"The Congressional Research Service found that 94,500 millionaires pay an effective federal tax rate that is less than that paid by 10.4 million moderate-income taxpayers."

Zero tax
 

A lot of the rich have their money invested in municipal bonds.

Live in NY City, buy bonds issued by the City of NY, pay no city, state or federal tax. Doesn't matter how many millions in interest you earn.
Buy a bond issued by any other NY Govt agency, you would have the city tax.
Buy a bond issued by a govt agency outside of NY State, you'd only be exempt from federal tax

please son, we've been down this road with every other village idiot.
earned income in NY in the highest bracket is taxed at over 50%

no one is talking investment income.