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September 22, 2011

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Jay

Billionaire John Paulson Paid Zero Taxes For 9 Billion Fee Income

We spotted this today: “John Paulson, the most successful hedge-fund manager of all, bet against the mortgage market one year and then bet with Glenn Beck in the gold market the next. Paulson made himself $9 billion in fees in just two years. His current tax bill on that $9 billion? Zero.”

This is the trick: “So long as they leave their money, known as “carried interest,” in the hedge fund, their taxes are deferred. They only pay taxes when they cash out, which could be decades from now for younger managers. How do these hedge-fund managers get money in the meantime? By borrowing against the carried interest, often at absurdly low rates—currently about 2 percent.”


http://statspotting.com/2011/04/billionaire-john-paulson-paid-zero-taxes-for-9-billion-fee-income/

Then, Alan Greenspan told Neil Cavuto,"What are the rich going to do, if their taxes are raised? Fire people, leave the country?"

Then with this:
"The first thing people need to understand is that the economic crash wasn’t a crash for the people who caused it. In fact, these financial terrorists are now doing better than ever. In a recent report, titled “Social Inequality in America: Widening Income Disparities,” more evidence of the unprecedented transfer of wealth was revealed:


“As of late 2009, the number of billionaires soared from 793 to 1,011, and their total fortunes from $2.4 trillion to $3.6 trillion…. Despite the crisis, the list of billionaires has grown by 218 people and their aggregate capital has expanded by 50%. This may seem paradoxical, but only at first glance. This result was predictable, if we recall how governments all over the world have dealt with the economic crisis.”


The inequality of wealth in the United States between the economic top 0.5% and the remaining 99.5% of the population is now at an all-time high. The economic top 1% of the population now controls a record 70% of all financial assets. The point here is that while the economic crisis has been devastating for 99% of America, the Wall Street elite are awash in record breaking profits. The most profitable firm in Wall Street history, Goldman Sachs, just had their most profitable quarter in their 140-year history and Wall Street firms issued an all-time record breaking amount in bonuses.

http://www.alternet.org/story/146509/the_financial_terrorists_who_destroyed_our_economy_will_pay_zero_in_taxes_--_and_get_%2433_billion_in_refunds

had to do some checking concerning TBSH's post about taxing da rich! Thanks!

LongRifle

OBAMA'S BACK-DOOR GUN CONTROL SCHEME, PART II:

http://www.blm.gov/az/st/en/prog/planning/son_des.html

This gutless Prez cannot do anything upfront; it has to be sneaky. He wants to cloes thousands of acres of BLM land in the AZ Desert to recreational shooting.

BTW: I blame Obama for EVERY job lost under his administration, ESPECIALLY the 35,000 at the Postal Service.

thebuckstopshere

oh my goodness, look at the stat's in a dem poll.....not good for louie & marie, er mean the won & flotus..........

http://weaselzippers.us/2011/09/22/dem-poll-barack-obama-is-the-political-equivalent-of-a-millstone-tied-round-the-democratic-party%e2%80%99s-neck/

GOOPERVILLE GIVE US A CANDIDATE 2012

LongRifle

The politically correct hero of liberals (like Jay) Billy BJ Clinton has weighed in on the execution of Troy Davis, the BLACK man convicted in a court of law of murdering on off-duty WHITE Police Officer named Mark MacPhail...
Clinton is a racist.

LongRifle

White liberal males have surrendered to pc and diversity years ago. It's kind of like pulling down your pants at Barney Frank's Birthday party...

DJ

DJ,

I'd take these "Perry is to blame" agents a little more seriously if they took their own "reason" and "logic" a little more seriously.

Eg. They're very good at telling us what Perry is NOT responsible for, like the profusion of jobs in Texas.

=================

Gringoman,

Does Byron York or the Center for Immigration Studies (CIS) have any credibility in your eyes?

Here's Byron York reporting on Perry's stellar jobs record:

--

Study: Most New Texas Jobs Went to Immigrants

Byron York, Washington Examiner, September 22, 2011

With both jobs and immigration likely topics of sharp debate at tonight’s Republican debate here in Florida, a new report suggests that newly-arrived immigrants have filled a majority of new jobs created in Texas, home to Republican frontrunner Gov. Rick Perry.

“Of jobs created in Texas since 2007, 81 percent were taken by newly arrived immigrant workers (legal and illegal),” says the report from the Center for Immigration Studies, a group that advocates reduced levels of both legal and illegal immigration. The report estimates that about 40 percent of the new jobs were taken by illegal immigrants, while 40 percent were taken by legal immigrants. The vast majority of both groups, legal and illegal, were not American citizens.

Native-born Americans filled just 20 percent of the new jobs in Texas, the report says, even though “the native born accounted for 69 percent of the growth in Texas’ working-age population.” “Thus, even though natives made up most of the growth in potential workers, most of the job growth went to immigrants,” the report concludes.

The report is based on analysis of the Census Bureau’s Current Population Survey.

The study notes that 56 percent of newly-arrived immigrants in Texas since 2007 have had a high-school degree or less. But it also notes that “More than one out three…of newly arrived immigrants who took a job had at least some college.” It would be a mistake, the report concludes, “to assume that immigrants are only competing for jobs at the bottom end of the labor market.”

{snip}

In a press release accompanying the study, the Center for Immigration Studies makes a clear effort to cast doubt on Perry’s record. The relevant portion of that release:

{snip}
Some may argue that it was the arrival of immigrants in the state that stimulated what job growth there was for natives. But, if immigration stimulates job growth for natives, the numbers in Texas would look very different. The unemployment rate and the employment rate (share holding job) of natives in Texas show a dramatic deterioration during the recession that is similar to the rest of the country. Among the native-born, Texas ranks 22nd in terms of unemployment and 29th in terms of its employment rate. Outside of Texas many of the top immigrant-receiving states have the worst economies. Unemployment in the 10-top immigrant-receiving states in 2011 averaged 8.7 percent, compared to 7.2 percent on average in the 10 states where the fewest immigrants arrived since 2007. These figures do not settle the longstanding debate over the economics of immigration. What they do show is that high immigration is not necessarily associated with positive labor market outcomes for the native-born.

{snip}

source:

http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/study-most-new-texas-jobs-went-immigrants

Jay

BTW: I blame Obama for EVERY job lost under his administration, ESPECIALLY the 35,000 at the Postal Service.


Posted by: LongRifle | September 22, 2011 at 08:01 PM
The mindset of the right is so predictable!
Gotta blame the other guy, even if the post office is a victim of E-mails, twitter and facebook!

Jay

The politically correct hero of liberals (like Jay) Billy BJ Clinton has weighed in on the execution of Troy Davis, the BLACK man convicted in a court of law of murdering on off-duty WHITE Police Officer named Mark MacPhail...
Clinton is a racist.

Posted by: LongRifle | September 22, 2011 at 08:16 PM
Under perry's watch. A WHITE man was executed for his 2 daughters dieing in a house fire. Arson experts said it was a typical Accidental fire. But, he was convicted, and not to let the state of Texas look bad. Perry and Texas said, "Bye, Bye!"

Noiticed Longrifle used the same OLD WHITE remark.

If, conservatives weren't racist. Then, why bring up color??

Clinton said that for a person to be executed, then, DNA needs to prove his guilt?

But, as Perry said when asked about does it bother him if a few innocents die. "Justice shall prevail"

Jay

Should have been Clinton said for a person to be executed. then, there needs to be positive proof of his guilt. But, it looks like to Longrifle, if the one they feel did the killing is non-white and the one who died is white. Then, who cares about proof!

Calling Clinton a racist!

Ummahgummah

White liberal males have surrendered to pc and diversity years ago. It's kind of like pulling down your pants at Barney Frank's Birthday party...

POSTED BY: LONGRIFLE | SEPTEMBER 22, 2011 AT 08:19 PM

--

LOL I wouldn't advise that action the rest of the year either though.

.

Jay

The list of polls that FAKENEWS FOX tried to change on their show:

http://www.realclearpolitics.com/epolls/2012/president/president_obama_vs_republican_candidates.html

They didn't want people to know the truth. So, typical!

xbjllb

"It's amazing to me that the only leftist here that shows a modicum of intelligence is the crazy-man - XBJLLB." - Madison


Newcomer Madison gives Gringowhore, UG, and DJ a coronary.

Here's some more of my modicum of intelligence.

http://www.huffingtonpost.com/jennifer-gauvain/post_2388_b_970586.html

xbjllb

By the way, someone better tell McLaughlin that the fire's gone out.

Once you go MC, you never go back.

xbjllb

Geez. This place smells SO much better when ignoring the burning shrieking Goddamned...

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