Taxing AIG bonuses at 100% rate

[cherish44]

I heard that suggested. Can that be done? That would be sweet.

[1]

1. "Can that be done?" no...

[BlooInBloo]

2. Make it 200%, and you have a deal.

[cherish44]

3. if only

:rofl:

[Mind_your_head]

4. Of course it "can be done".

Let's "make is so" :-)

[RB TexLa]

5. No, the government can not choose one company and one compensation point to tax

at a different rate. Or all Wal-Mart employees would pool together to give enough money to enough politicians to get all Wal-Mart wages taxed at say 2%.

[Mind_your_head]

6. oh b*llshit. eom

[Mind_your_head]

7. Walmart $8.00/hour (if they're lucky) employees and AIG executives

HAVE A LOT IN COMMON. :eyes: And anyone with a 1st grade edumacation can't *figgurre* out a way that those two (a walmart employee and an AIG bailled-out executive) should be 'considered seperately'. SHEESH!

[RB TexLa]

8. Not everyone at wal-mart makes $8/hr. But there are many, many who do

times $5 a week plus more from those who make more and sure they could buy some influence if we could have different tax rates for different companies.

[Mind_your_head]

11. Do you know how pathetic that is?

unless you're being sarcastic.....the "powers the be" are ALLOWING you to get $8.00/hour (if you're lucky).....

AAAAAAAAGGGGGGGGGHHHHHHHHHHHHH......you don't understand how 'beautiful'and extremely underestimated/underutilized you and you're co-workers are????

I'm kinda "tapped out" right now.....but I hope ya'all "get a clue"/"give a clue"....sooner rather than later....

Peace out,
M_Y_H

[RB TexLa]

14. You honestly think if we set a precedent of different tax rates for different companies

no company's employees would ever try to get congress to lower the tax rate on their company's employees. I'm sure no one would ever try that. And no member of congress on ways and means would ever shake down people with threats to raise the tax rate on their businesses employees. Of course no politician would ever do that.

[Mind_your_head]

15. Companies who get BAILED OUT to the tune of hundreds of BILLIONS of OUR

tax dollars would SURELY FALL INTO A DIFFERNT TAX CATEGORY!!!!

*thank you sir may I have another* (take your beating prole!)

[RB TexLa]

17. ok, if you don't wish to answer, good night.

[Mind_your_head]

18. Uhm, I DID answer.

sorry if your didn't *Like it* or *understand*

g'nite, I guess........ <----insert clever emoticon here

[RB TexLa]

19. Please show where you answered either of these?

Never mind, I'm sure you will say that you have answered both of them twenty times, and everyone is just too stupid to be able to understand your answer.



You honestly think if we set a precedent of different tax rates for different companies no company's employees would ever try to get congress to lower the tax rate on their company's employees.

And no member of congress on ways and means would ever shake down people with threats to raise the tax rate on their businesses employees.

[Mind_your_head]

20. Post # 15 and Post #11 is as "good as you're going to get

What's you're point, honey?

What are you driving at?

[RB TexLa]

21. My name is not "honey"

there is no reason for you to be degrading.

[Mind_your_head]

22. Honey is sweet......that's not necessarily a bad thing.

Anyway....so, what's your point?

[1]

9. let them carry on, rb. maybe the smarter of them will figure out how to start an online petition...

that seems to keep them busy...

[BlooInBloo]

23. Teh stupid! It BURNS!!!

http://www.dailykos.com/story/2009/3/16/709336/-Freshman-Congressman-Peters-Has-Solution-to-AIG-Bonus-Scam

" “It is beyond outrageous that the very people who brought AIG to its knees and helped create the current financial crisis are scheduled to receive hundreds of millions of dollars in bonuses while tax dollars keep their company afloat,” said Rep. Peters, a Member of the House Financial Services Committee. “These bonuses are in effect a raid on taxpayer dollars. The legislation I’m proposing will get taxpayers their money back. Congress must act swiftly on this matter to show AIG, other companies receiving federal support and taxpayers that we mean business when we say that tax dollars are not to be used to enrich company executives.”

Congressman Peters’ bill would create a 60 percent surtax on bonuses over $10,000 to any company in which the U.S. government has a 79 percent or greater equity stake in the company. Currently, AIG is the only company that meets this threshold. The 60 percent surtax would be added to the normal income tax rate, meaning that bonuses received this year by AIG executives paying the top 35 percent tax rate would be taxed at 95 percent. The remaining 5 percent would likely be paid in state and local taxes, so taxpayers would fully recover any AIG bonuses paid in 2009."

Any further genius to share with us about what's possible and what's not?

[1]

24. Congressman Peters’ bill will never see the light of day outside of committee...

that is my "genius" analysis to share with y'all about what's possible and what's not.

my god. are y'all 12 years old? do you not have the slightest understanding about how government works?

your childlike wonderment and "mr. smith goes to washington" wet dreams are sweet, but taxation of this nature is impossible and unconstitutional.


dennis kucinich introduces whackadoodle bills like this on a weekly basis. have you noticed how many of them are ever signed into law? hell, how many even ever get out of committee?

but dream on my little buddies. possibilities are endless. but tragically, the vast majority are not possible...

[RB TexLa]

27. Of course federal judges are too stupid to ever see the legislative intent in that.

[northernlights]

26. so tax all bonuses at 200%

IF they are paid by tax dollars.

That taxes *all* companies that pay their employees bonuses...when they are funded by tax dollars instead of being paid for by legitimate operating revenues.

[Lyric]

10. Yes, it probably could be done.

The law change would have to be worded something to the effect of, "All non-salary income for workers whose employers received federal stimulus money will be taxed at 100%, with health insurance benefits and 401k matching contributions excepted."

You couldn't tailor a law to a specific company, but you CAN tailor a law to a specific classification of income--in this case, non-salary income paid with stimulus money. That would cover ALL companies receiving stimulus money, not just AIG.

Note: I am not a tax professional.

[RB TexLa]

12. So every employee at Citi, Chase, BoA who got a year end bonus of say

$250, $500, or $1000 would get hit with the 100% tax on the bonus next April? Very nice.

Of course they deserve that, I suppose.

[Lyric]

16. A minimum could be instituted.

Much like there's a minimum for other kinds of taxes--income tax, for example, in which you have to make a certain amount before you owe anything.

It's not like I presented a fully fleshed-out and rigorously-detailed plan there, ya know? It was just meant to demonstrate that it CAN be done.

[backwoodsbob]

25. it would be cool to see but...

won't happen sorry.

Their lawyers would take this to court and destroy it.

While not worded against any specific company it effectively is a tax on one companies employees and won't pass muster.

[Marr]

13. If you can pass a law just so politicians can pose around Terry Schiavo, I don't see why not.