Posts Tagged ‘AIG bonuses taxed heavily’

Now That Is What I Call Taxing!

Thursday, March 19th, 2009

I’m settling in at the new house, I’m getting used to not putting on a uniform and I’m growing a goatee so right now life is pretty good.  I do miss the people I worked with, but I expected that.  Basically, I’m exhausted.  On to what is on my mind.

So my boss tells me I’m getting a $100,000 bonus…then I find out I’m only going to see $10,000 of it.  How should I feel?  Should I be upset that so much of my money is going to be gone or should I be thankful for getting 10%.  Oh, one more thing – my company got the money to give me my bonus from the taxpayers.

Wow.

If the stories I’m reading are true, I have to call a foul (I can do that, I’m a basketball ref) on the Democrats.  I read an article that said some of the Republicans saw something like this happening and their concerns went unheard.

90% is a hefty tax, but it makes sense if the money used to pay bonuses came from the bailout.  I think the tax should be 99.99% especially since some of the AIG employees who received the bonus were allegedly the same people who almost ran the company into the ground.

I think taxing this way sends the correct message although provisions for this could have been in the legislation before the money was given out.  But I think they could have raised the tax 9.99%.  :D