Thursday, March 19, 2009

This is NOT the way to go

Today, the Obama Administration voted to tax AIG bonuses (and other, more than likely) at 90% for the Fed. Add on state & local and it hits 100% real fast. Think this is right? Think this is good? Wait until it bites you in the pocket book. What this legislation really means is that when the Government needs cash - they can jack YOUR tax rate on a whim.

Have fun with that. I'm taking my bonuses in Zimbabwean Agro-Cheques.

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