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90% tax on corporate bonuses

Posted: March 19th, 2009, 10:56 am
by Susie Hamilton

Posted: March 19th, 2009, 11:08 am
by DaJudge
This will never stand up in the courts. This is a Bill of Attainder, which is unconstitutional.

Posted: March 20th, 2009, 4:52 am
by MacUser
Obama said next time to get the horse before it leaves the gate. This was his fix to the situation.

Posted: March 20th, 2009, 5:01 am
by rjjunior
Someone needs to make it abundantly clear these are retainer bonuses, not performance bonuses. Contarary to popular opinion, these bonuses were a good idea! "Fix your mistakes before you leave so the whole ship doesn't go down."

Posted: March 20th, 2009, 5:49 am
by JohnDB
This IMHO is a bit of Pot calling the Kettle black...

:roll:

Posted: March 20th, 2009, 7:29 am
by Brian
rjjunior wrote:Someone needs to make it abundantly clear these are retainer bonuses, not performance bonuses. Contarary to popular opinion, these bonuses were a good idea! "Fix your mistakes before you leave so the whole ship doesn't go down."


IMHO if someone has to have a bonus just to be retained as an employee or an executive then I say fire them! Winie cry baby exec's "boo whoo I didnt get my $100,000 bonus on top of my 30 million dollar salary....booo whooooo".

Give me a break!

(as I reread my post I just wanted to add that I wasn't trying to be hard on you rjjunior, just against my understanding of a retainer bonus. just wanted to make sure I wasn't misread. Thanks!)

90% tax

Posted: March 20th, 2009, 8:50 am
by Dr. Ron
I hope the courts laugh this into the tank.

They are worried about 165Mil.......but the Dems sent more than 160Billion....let's get that back,

It's the old "misdirection" idea.

I don't want this under any circumstances. We do not live in a society where the legislative branch can enforce anything.

What a bunch of idiots!!!!!!!

Posted: March 20th, 2009, 3:53 pm
by Full Quiver
I can't wait till the Supreme Court gets a hold of this one. They will likely overturn this stupid law and then maybe Congress will tax the judges income at 90%. hahahaha


it's a slippery slope people