Wednesday, March 18, 2009

We Ain't Playing!

The $165 million in bonuses that AIG has or will shell out has caused a furor throughout the country, especially since the government now owns 80 percent of the company. The New York Post reports that while the government may not be able to force employees to return the bonuses, tax laws may be amended to demand that the bonuses be taxed up to 100 percent. If only the government had reacted this fast during a catastrophe such as Hurricane Katrina.

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