Interesting Observation About “Occupy Wall Street” Movement
One of the complaints about Occupy Wall Street is the repeal of the 2% “millionaire tax”: Let’s say somebody makes $1,000,000 – 2% of that is $20,000
The tax rate for the address of the New York Stock Exchange is:
(Source: http://www8.tax.ny.gov/STLR/stlrHome 11 Wall Street / Zip 10005)
8.875% for state and local taxes.
- $30,000 – $2625 / year tax.
- $50,000 – $4375 / year tax.
- $125,000 – $10,937.50 / year tax
- $250,000 – $21,875 / year tax
- $1,000,000 – $87,500 / year tax plus the 2% ($20k) = $107,500
So what is your argument about the tax rate repeal being unfair when the millionaires are taxed at 10.875% rather than your 8.875% rate, when from this approach it seems like it’s a “fair tax” with everyone paying the same rate?
A tea party group had to pay $10,000 for a protest permit and had to get a $1 million dollar insurance policy.
Can everybody play fair? Isn’t that what equal rights is all about? Who is cutting the check for $10k at each city protest and getting the insurance policy?
Also, doesn’t anyone just notice how the whole Occupy Movement looks nothing more than a typical union strike where lazy union workers just sit around with a sign in their hand. How can anyone take your movement seriously and give you “good press” when the youth in your group are having sex and doing drugs like Woodstock.
Oh wait, when the youth did that 2nd Woodstock it ended up in a riot and vandalism.