Quote Originally Posted by Andre View Post
I was wondering if Peter schiff was being honest saying he employs a hundred people and pays 50% in tax?

If you are a sole trader out here and earn over a certain sum,I forget, maybe its 150,000 personal, you can pay those amounts 50% but you'd be crazy to ignore the advantages available and actually do so.
He pays low single digits in tax. He runs a fund and will employ a few people and subcontract a lot of say analysis work out to freelancers and have professional people like accountants and lawyers deal with the the legal/tax aspects of what he does so he's counting them and their staff as employees.