I’ve seen estimates that in high tax states like New York the total tax, adding state and local cuts, on the “bonus” can exceed 100%....
In Saturday’s Wall Street Journal, they calculated that if you live in New York City and this idiotic law passes, your tax rate on bonuses would be 102.5%.
Someone mentioned that these bonuses were already taxed at 50% before they were even SEEN by these folks. How can they pay back 90% in taxes, when the government ALREADY TOOK 50%!?!?!
I feel sorry for these people, really I do... If there was a crime committed here then they should be indicted and face a trial. Undoubtedly, many, many employees like this man are victims in this whole mess (victim status does NOT require poverty liberals!).
These people are being scapegoated to protect whomever it was within the company, and those members of Congress (including OBAMA at the time of the original bailout) who agreed to all these things, as well as Obama himself who PRETENDS and BLATANTLY LIED about being “surprised” when it was HE HIMSELF who applied pressure to Dodd to “make SURE those bonuses are in there, and remain in there”.
This is only going to become more commonplace as Obama and his Communist comrades attempt to seize more and more control over the means of production in our country. It won’t be long before there is blood spilled due to our “dear leader’s” penchant for scapegoating to protect himself...
Also, ahead? Watch for Democrat comrades to fall on their swords to protect Obama. Obama has already refused at least one resignation, and there were rumors of Dodd stepping down as well. Obama obviously still has use for them, and it would appear his plans aren’t completely realized or he would make this go away easily by firing people, or accepting their resignations...
ALL, JMHO, of course! But, I truly believe we are looking at a VERY scripted, very well-planned scheme here... Not to mention that the whole focus on AIG is allowing them to pass OTHER laws that are COMPLETELY Unconstitutional - laws besides those that have been introduced as a supposed “response” to the AIG fiasco!
Rahm Emmanuel said it best, perhaps, “Never let a good crises go to waste”