(NEW YORK) -- Billionaire hedge fund manager John Paulson, whose home was on the visiting list for Occupy Wall Street's "Millionaires March" Tuesday afternoon, said that "instead of vilifying our most successful businesses, we should be supporting them and encouraging them to remain in New York City."
Protesters took to New York City's Upper East Side Tuesday and marched past the homes of several of the city's richest residents, including News Corp. owner Rupert Murdoch, real estate developer Howard Milstein, and JPMorgan Chase CEO Jamie Dixon.
According to the Wall Street Journal, demonstrators skipped Paulson's home because it was too far from the chosen route.
But Paulson, nevertheless, addressed the issue Tuesday through a written statement by his hedge fund, Paulson & Co.
"The top 1 percent of New Yorkers pay over 40 percent of all income taxes, providing huge benefits to everyone in our city and state," said the written statement. "Paulson and Co. and its employees have paid hundreds of millions of dollars in New York City and New York state taxes in recent years and have created over 100 high paying jobs in New York City since its formation."
It continued, "New York currently has the highest income taxes of any state in the country and thousands of businesses have fled New York to states with no income taxes such as Florida, Texas and Nevada, or moved offshore."
According to an Occupy Wall Street spokesman, about 2,000 protesters took part in the march, which started close to 1 p.m. and made its way up Park Avenue.
The demonstration called for an extension of the state's so-called "millionaires tax," the highest income-tax rate on taxpayers with incomes of more than $500,000. The tax is set to expire in December.
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