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I love to hear poor people talk about money and taxes like we understand the system....
Question:- Why do accounts and lawyers get paid so much money by very rich people ?
Eye Was Born & Raised On The Same Plantation In The United States Of The Red, White And Blue Eye Never Knew That Eye Was Different Til Dr. King Was On The Balcony
Lying In A Bloody Pool......Call me a Dreamer 2 - R.I.P - James Brown and Michael Jackson | |
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No problem, as long as he keeps touring over here we are happy to pay to see him ......
21 Nights in London - Sold Out !
Eye Was Born & Raised On The Same Plantation In The United States Of The Red, White And Blue Eye Never Knew That Eye Was Different Til Dr. King Was On The Balcony
Lying In A Bloody Pool......Call me a Dreamer 2 - R.I.P - James Brown and Michael Jackson | |
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Do you know what an accountant does? That's why someone w/ as much money as Prince has would need an accountant.
Do you know what a lawyer does for a recording artist? That's why someone w/ as much money as Prince has would need a lawyer.
It's not fucking rocket science. [Edited 9/26/10 3:08am] | |
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Rubbish ... old story that's not true ... Eye Was Born & Raised On The Same Plantation In The United States Of The Red, White And Blue Eye Never Knew That Eye Was Different Til Dr. King Was On The Balcony
Lying In A Bloody Pool......Call me a Dreamer 2 - R.I.P - James Brown and Michael Jackson | |
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Yes it is that's why these people are hired and fired ..... that's a fact of life... Eye Was Born & Raised On The Same Plantation In The United States Of The Red, White And Blue Eye Never Knew That Eye Was Different Til Dr. King Was On The Balcony
Lying In A Bloody Pool......Call me a Dreamer 2 - R.I.P - James Brown and Michael Jackson | |
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You don't make sense, sorry. | |
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I remember hearing that his bandmates got 300 a week which may have been union scale or whatever but considering the magnitude in the 80's wasn't nearly enough. Especially when he sweated everyone who worked for him infamously. To his credit, I hear he compensated fairly later down the road but in a case like Brown Mark who was 19 when he joined and got kicked by P onstage, the money doesn't erase the treatment. Mark Cardenas told me via email that no one liked P and that he was mean, "ghetto" and "not a genius" just "good". Having P as one of my music heroes taught me not to really admire a person just because they did really good work. He is/was what he is, it's ok with me. | |
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What i'm trying to get across to you is that rich people hire and fire , accountants and lawyers for a reason - to save them money!
Poor people like you and me have to do this stuff, we may have a / one account but not a firm working for us!
These firms decide when to take legal action and when stuff get's paid - FACT
Prince only steps in when they mess things up that cost him more money / time to sort out!
Prince hired Firm was late in paying tax but that's the job of professional accountants to delay payment! and make sure the boss is not pay too much!
Eye Was Born & Raised On The Same Plantation In The United States Of The Red, White And Blue Eye Never Knew That Eye Was Different Til Dr. King Was On The Balcony
Lying In A Bloody Pool......Call me a Dreamer 2 - R.I.P - James Brown and Michael Jackson | |
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professional accountants? are they also hired to ensure prince receives bad press? this too shall pass | |
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Of course it is not true. W&L are on the Planet Earth CD and I doubt P is putting a gun to their heads and making them work with him for free. If these two are disgruntled I wish they would just stop working with him instead of bitching about it.
The truth of the matter is if any of these artist had a beef they are free to stop working with him but most were to stupid to do so and when they did sue they received very little money (Levi Seacer and Tony M come to mind) My guess is their is disagreement about how much they contributed to his projects which P has a right to dispute. The solution of couse is to stop working with him. | |
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Each band member received a million dollar bonus after the PR tour. This would have been more than enough money to leave but no one left after that tour. | |
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That's because what better oppurtunities does the average musician have? I am a musician, I know of many, many fantastic skilled musicians, it's not a marketable talent really. I'm not excusing or blaming Prince, just trying to get to how things were. He didn't pay much, he compensated somewhat some people, left others to be broke. Brown Mark called his momma on the 1999 tour cause he couldn't handle the treatment, he was 19, a kid. She would talk him into staying. Now, you and I can say what we want but there are more than a few people from those days who feel they were mistreated by Prince, the oppurtunities he afforded were worth it for many of them I'd say but I'm not gonna sit here and excuse mistreatment for anyone. | |
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anyway, where do I stand on Prince? Well, I'm not gonna be as extreme as most of you, he is not a saint and he's not a monster he's just a man. | |
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okay, maybe I have misunderstood your comments. My apologies. "Remember, one man's filler is another man's killer" -- Haystack | |
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yep this too shall pass | |
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Good point! Guess he wasn't that "mean and ghetto" afterall!! Ghetto anyway? Please! Prince is GORGEOUS. I'm inspired. GOD is GREAT. Is there anything else to say? lol | |
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Thx. I'm sorry, maybe I should have explained better. It's ok though, no love lost! Prince is GORGEOUS. I'm inspired. GOD is GREAT. Is there anything else to say? lol | |
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Mark Cardenas was there, we weren't, his statements have to be given a certain validity. I was not surprised in the least that he said Prince was mean, said that Prince took jams that other musicians did and just replayed them himself for his music, but the "ghetto" statement was a surprise man, P aint' hard or ghetto at all so i just assume he meant classless and tasteless. He also said that P was a high school dropout which just isn't true if the books I read are correct. | |
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I am not into Prince like I was many years ago because I realized that he had become so aggressive to the people that supported him most.
This is a weak story, most of these comments show a lack of understanding business. I am a business owner and sometimes you spend so much of your resources closing deals and being creative that you set aside a very limited amount of time for low priority tasks like paying taxes. I write one check a year for my building lease, one check a year for my insurance, and one check every other year for my taxes...
You also have to keep in mind that there can also be other pending issues that were being resolved or negotiated before final tax amount is established.
IRS tried to stick me with a 237k tax bill but my attorneys saved me 116k, this took 1.5 years..... | |
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True we were not around but Mark was not in the Revolution he was a bit player in Prince world and since he is lying about P not finishing High School maybe he is exaggerating about other things. I do not doubt that P is no picnic to be around but no one can ever explain why they keep hanging around or hung around as long as they did if he is so awful.
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For the love of money.
Just because they endure intolerable conditions for a period of time that you deem would be too long for you, doesn't mean that those conditions were indeed intolerable. It just means those people were foolish or desperate to put up with the shit. "Remember, one man's filler is another man's killer" -- Haystack | |
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Wow! I can't believe this is an 8-page debate. Prince probably didn't pay his taxes for the same reason he stiffed many of his bandmates, employees, and associates...He's cheap. He's always been cheap. I love the man to death, but even I call it like it is and say he's a cheapskate and has been for quite some time now. Many of his videos show his lack of wanting to spend money and the fact that the man pretty much started the digital downloading system/internet website marketing just tells you that he is a penny pincher.
His thought processes were: Why pay to have CDs pressed and all that extra visual marketing when you can just make people turn on their computers that they are paying internet access for and pay you to download a song onto a blank disc or mp3 player that they bought? No having to pay advertising companies, designers, record labels, or distributors...ka-ching, more money in the Princely pocket right there.
We all know that Prince is sitting on $100s of millions of dollars right now so we know money was not a problem. He's got the same mentality that many rich people have...cut corners where you can and pray that nobody notices. It's a property tax. Regular people don't pay them either because they either forget; they don't have the extra money to pay them when they are due; or they think they have been included in the mortgage of the property which is really a miscommunication issue.
For the rich folks, embezzlement from the money handlers has happened to quite a few celebrities over the past few years. Nicolas Cage lost millions because of his financial advisor who had been stealing from him for quite some time. Part of me wants to believe it's a miscommunication problem between him and his financial advisors but I honestly just think he was trying to cut corners like he's done before and hoped it went unnoticed, which it didn't, so he handled his business and took care of his debt, which is all I would expect from anyone; rich or not. Prince Rogers Nelson
Sunrise: June 7, 1958 Sunset: April 21, 2016 ~My Heart Loudly Weeps "My Creativity Is My Life." ~ Prince Life is merely a dress rehearsal for eternity. | |
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Well Mark was not in the Revolution and he did not get a million dollar check so that might have something to do with his comments. | |
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Co-sign. I have said a million times on this topic. Most wealthy people are cheap and they do not like paying taxes. They will do anything to put it off or try to get out it. In addtion, they have access to CPA's and attorneys to work on their behalf. | |
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