Thursday, March 19, 2009

Kudos to Jim Cooper

The Blue Dog Dem voted to support a 90% tax on bonuses of over $250,000 at bailed out businesses.

But, geez. Even a $250,000 bonus seems like a remote luxury to a common sap like me.


  1. I'll take a $250,000 bonus. Where do I sign up?

  2. The way I read the law, it imposes the 90% tax on bonuses for people who make over $250K in adjusted gross income. So, even if your bonus was 100K, if you make 300K salary, yo ass is gettin' taxed. I think that is just Congress' way of keeping this tax increase in line with Obama's campaign pledge. Although time will tell if he'll veto or sign this legislation.