90% tax on corporate bonuses

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Susie Hamilton
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90% tax on corporate bonuses

Postby Susie Hamilton » March 19th, 2009, 10:56 am

http://money.aol.com/news/articles/_a/b ... ses/390027
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DaJudge
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Postby DaJudge » March 19th, 2009, 11:08 am

This will never stand up in the courts. This is a Bill of Attainder, which is unconstitutional.
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MacUser
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Postby MacUser » March 20th, 2009, 4:52 am

Obama said next time to get the horse before it leaves the gate. This was his fix to the situation.
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rjjunior
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Postby rjjunior » March 20th, 2009, 5:01 am

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."
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JohnDB
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Postby JohnDB » March 20th, 2009, 5:49 am

This IMHO is a bit of Pot calling the Kettle black...

:roll:
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Brian
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Postby Brian » March 20th, 2009, 7:29 am

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!)
Last edited by Brian on March 20th, 2009, 11:36 am, edited 1 time in total.
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Dr. Ron
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90% tax

Postby Dr. Ron » March 20th, 2009, 8:50 am

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!!!!!!!
Dr. Ron
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Postby Full Quiver » March 20th, 2009, 3:53 pm

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
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