Quote:
Originally Posted by Kevin
Yep.
And as far as Congress trying to require these guys to give their bonuses back, they can't do that because they can't impair the obligations of contract.
As far as trying to tax it at 90%, it's arguable they can't do that either. IMHO, that sort of confiscatory, punitive taxing policy amounts to nothing more than a taking. Heck... in places like NY where the state income tax is >10%, many executives would actually have to pay more in taxes than they were obligated to receive!
This is utterly ridiculous. It's grandstanding at its worst.
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Yep, especially when you look at the names of the congressmen that received contributions from AIG...
It's sickening.
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