Thursday, March 19, 2009

Taxed

Actually it will take time for the tax money to make its way back to the bailout-ers AKA us.

If I had a million dollars for a year knowing that 90% of it was going in taxes in April of 2010 or so, then I would use the money to make money. Even a simple high yield interest account would net a nice lump sum and that's a no brainer.

McClatchy: House votes to tax AIG bonuses amid nationwide protests
...90 percent tax on bonuses paid to employees with household incomes exceeding $250,000 a year at companies that have received at least $5 billion in federal bailout assistance.

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