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Pelosi Backs 90-Percent 'Bonus Tax' to 'Protect' Taxpayers From Executives
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Posted on 03/19/2009 6:14:42 AM PDT by Sub-Driver
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To: Sub-Driver
This is an outrage.
There are many, many honest, hard-working executives who receive bonuses. They were promised a bonus, they earned the bonus. Stupid, stupid plan.
2
posted on
03/19/2009 6:17:12 AM PDT
by
Reagan69
(No Representation without Taxation !)
To: Sub-Driver
I wonder if “excessive” compensation plans for auto union executives will be targeted by congress.
3
posted on
03/19/2009 6:18:51 AM PDT
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: Sub-Driver
'Protect' Taxpayers From Executives
If the taxpayers money hadn't been taken via IRS gunpoint and given to the executives in the first place then the taxpayer wouldn't need "protection".
The taxpayer needs protection from CONGRESS and LIBERALS.
4
posted on
03/19/2009 6:19:11 AM PDT
by
socialismisinsidious
( The socialist income tax system turns US citizens into beggars or quitters!)
To: socialismisinsidious
We need to protect the taxpayers from government, never mind corporate executives.
My suggestion is to write a law that says all publicly held companies cannot contribute to either politicians or PACS.
5
posted on
03/19/2009 6:21:58 AM PDT
by
EQAndyBuzz
(The most corrupt administration in history. And it is only 8 weeks old.)
To: Sub-Driver
I don't like the idea of giving out these bonuses to the division that caused the problem -—
But I hate the idea of the government micromanaging business decisions.
I also hate the idea of ex-post-facto laws and bills of attainder.
Populism is a very dangerous thing. It leads to mob rule and lawlessness parading as law.
6
posted on
03/19/2009 6:23:42 AM PDT
by
Kansas58
To: EQAndyBuzz
Anyone who has ever gotten a bonus knows that they are taxed at the Unearned Income Tax Rate when the check is cut.
7
posted on
03/19/2009 6:24:01 AM PDT
by
massgopguy
(I owe everything to George Bailey)
To: Sub-Driver
These people are such hypocrites. They don’t have a problem taking political contributions from these same companies. I am so sick of them all. I wish we the people had the power to DRAIN THE SWAMP. However, that will never happen as long as we have a corrupt media and acorn groups stealing elections.
8
posted on
03/19/2009 6:26:10 AM PDT
by
jersey117
To: massgopguy
“Anyone who has ever gotten a bonus knows that they are taxed at the Unearned Income Tax Rate when the check is cut.”
That’s not true. Taxes are only WITHHELD at a higher rate.
9
posted on
03/19/2009 6:29:18 AM PDT
by
babygene
(It seems that stupidity is the most abundant element in the universe)
To: Sub-Driver
Employees of bailed-out companies who received bonuses after Dec. 31, 2008 as stipulated in their contracts -- would have 90 percent of the money taxed away Yeah. That's equal protection for you.
ML/NJ
10
posted on
03/19/2009 6:30:59 AM PDT
by
ml/nj
To: massgopguy
My yearly bonus has never been taxed at that rate...
11
posted on
03/19/2009 6:31:08 AM PDT
by
ltc8k6
To: Reagan69
Why take it from the employees anyway?
If you think AIG should not have given the bonuses, then make AIG pay back the money to the government.
This is not the employee’s fault and it should not be their problem.
This is between Obama admin and AIG management.
12
posted on
03/19/2009 6:34:10 AM PDT
by
ltc8k6
To: Sub-Driver
OK
What about the Bonuses paid to Freddie & Fannie
Namely Franklin Raines! ! ! ! !
13
posted on
03/19/2009 6:38:04 AM PDT
by
DeaconRed
(It's 100 Times worse than we thought. BO Has to go before his term ends. Has to.)
To: Sub-Driver
They want to control all salaries. This is just to prepare the public for that day.
To: EQAndyBuzz
“We need to protect the taxpayers from government, never mind corporate executives.”
Bingo!
15
posted on
03/19/2009 6:39:03 AM PDT
by
Canedawg
(Congress shall make no law abridging the freedom of speech, or of the press.)
To: Sub-Driver
Laura Ingram, subbing for O’Reilly last night brought up a good point ...such taxes aimed directly at individuals would violate the Constitutional prohibition of bills of attainder. Obviously Pelosi doesn’t take her oath to defend the Constitution very seriously.
16
posted on
03/19/2009 6:42:59 AM PDT
by
The Great RJ
("Mir we bleiwen wat mir sin" or "We want to remain what we are." ..Luxembourg motto)
To: Sub-Driver
How much can we dock the pay of congressional members for malfeasance?
17
posted on
03/19/2009 6:44:49 AM PDT
by
Puddleglum
(Obama Lied/My 401K Died)
To: Sub-Driver
I am convinced these politicians have no minds. They need to be out of office.
18
posted on
03/19/2009 6:44:52 AM PDT
by
freekitty
(Give me back my conservative vote.)
To: Reagan69
I read an article in Fortune on this topic.
The money quote was from the head of Deutche Bank...he couldn't wait for these laws to take effect, as Wall Street's best and brightest would come to work for him.
Going to be hard for America to come back from all this, when its politicans insist on hamstringing the people who can accomplish it.
19
posted on
03/19/2009 6:47:25 AM PDT
by
wbill
To: Sub-Driver
Forget the AIG bonuses, how about taxing members of Congress at a 200% rate. To pay for all of their “bleep” ups!
20
posted on
03/19/2009 6:47:26 AM PDT
by
RdhseRat
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