This is the biggest robbery in history

[buckman]

Wait until it hits all companies that reap contracts from the "stimulas bill" That is coming. This is bad, bad news for America. This is happening faster then even I predicted.

How's this whole "Dems in charge" thing working out? Please don't tell me we have to give it time. I've seen plenty.

[spence]

Originally Posted by buckman

Wait until it hits all companies that reap contracts from the "stimulas bill" That is coming. This is bad, bad news for America. This is happening faster then even I predicted.

How much you want to bet this never becomes law?

-spence

[Mike P]

Originally Posted by spence

How much you want to bet this never becomes law?

-spence

And if it does, there's a pretty good chance that the courts will find it to be an unconstitutional Bill of Attainder.

[buckman]

Originally Posted by spence

How much you want to bet this never becomes law?

-spence

They know it's unconstitutional and yet the push ahead. If it doesn't become law then whats the point? I think they figured out a whole new way to kill the Dow rebound. Well done Dems.

[striperman36]

The House legislation calls for a 90% surtax to be imposed on any bonus paid after Dec. 31, 2008, by a company that received $5 billion or more in taxpayer dollars from the Troubled Asset Relief Program. The tax would need to be paid by any employee or former employee whose family income exceeds $250,000 ($125,000 for married recipients filing separately).
Here's how it would work: Affected individuals would calculate what their federal tax bill would be without the bonus and then add to that amount 90% of the total bonus received, said Tom Ochsenschlager, vice president of taxation at the American Institute of Certified Public Accountants
They'd need to add another 1.45% for the Medicare tax owed on the bonus, said David Lifson, president of the New York State Society of Certified Public Accountants.


http://money.cnn.com/2009/03/19/news...ion=2009031918

[striperman36]

On top of that, they would have to pay regular state and local income tax. That won't leave much in the wallet.
In fact, after factoring in state and local taxes, some people would end up owing more than they got.
"A New York City resident would have a tax greater than the bonus," Lifson said.




Did the Yankees have to take TARP Money?

[JohnnyD]

Originally Posted by buckman

I think they figured out a whole new way to kill the Dow rebound. Well done Dems.

Being gone for 2 weeks, I forgot how much I missed the scope in which you place the entire country's economic state within the Dow.

You can blame the Dems, but have your Repubs supported it too.
http://www.govtrack.us/congress/vote.xpd?vote=h2009-143