'Occupy' types

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Originally Posted by mlmpetert

A 1 Percenter's thoughts:

Peter Schiff takes on 'The 99%', Part 2 | MRCTV

His claim that he was paying more income taxes than the majority of the people around is not quite truthful. The overall number may be more, but I am willing to guarantee you that the people around him are paying a higher percentage of their salary to taxes then he is.

See, that's what wealthy people do. They like to take a statistic and skew it so it makes them look like the good guy.


Rich guy makes 100,000,000 and pays 1% tax so he pays $1,000,000 in taxes. Middle class guy makes $50,000 and pays 30% in taxes so he pays $15,000 in taxes. So in the end the rich guy pays more, but is he paying his fair share? Hell no...lol He's paying 1% as compared to the guy paying 30%.

(those numbers were used as an example)


Also, his claim that don't tax corporations because they pass it along to consumers. Well, that may be true, but it's not like they are going to reduce the price of the product even if you don't reduce the taxes. Corporations have shown since the Regan era that reducing taxes does nothing but get them higher profit wages. The livelihood of the middle class man has pretty much stayed the same if not gotten worse.