[jimbo123]

Loophole:

1. Bring annual salary compensation below $250k maximum

2. Goldman makes interim loans to employees guaranteed against expected bonus for cash flow needs of key producers

3. Unlimited bonus and no 90% bonus tax since tax applies only to those employees making $250k+.

Goldman is already making loans to employees who used Goldman stock as collateral and have had margin calls.

If Obama really wants to make Goldman and the others squeal, he should prohibit TARP recipients from making employees loans of over $125k.

[taildragger]

Another Loophole if not closed was something like this.... Brokerage firm "X" would want to steal hot young broker from Brokerage "Y" and eventually bring his bill of book with him.

"X" gives a bonus is in the form of a loan. Young Turk broker moves in new firm and goes out and gets the Ferrari......

[heiss]

“1. Bring annual salary compensation below $250k maximum”
2. Goldman makes interim loans to employees guaranteed against expected bonus for cash flow needs of key producers
3. Unlimited bonus and no 90% bonus tax since tax applies only to those employees making $250k+.”

This is incorrect hogwash.

1: If the spouse has even $1 worth of any income (or WS worker has some other income, as most do), that would be subject to 90% tax.
3: No, anybody who has family (married filing jointly) income more than 250k after bonuses will be hit.

For example, say, a Wall Street mid-level IT manager makes $150k and spouse makes $100k. If the IT manager (or spouse) gets $15k bonus, it will be taxed at 90% (actually more because of state taxes).

Making loans is irrelevant. If it is forgiven, it is income.

[uncommonsense]

Are you sure it is salary of $250K or AGI?