It's OK to hate rich people, part 1.
The Wall Street Journal's flogger-in-chief writes:
"The House passed legislation Thursday that would significantly curb Wall Street bonuses this year, as lawmakers from both parties echoed popular outrage over big payouts to employees of American International Group Inc. after the ailing insurance giant took billions of dollars in taxpayer money," The Wall Street Journal reports."
Next sentence: "'Significantly curb' is an understatement..." And off he goes about the terrability of taxin' the richer-than-ever. Did he miss the other important two words, 'popular outrage'? He goes on:
"Bonuses are also subject to the Medicare FICA tax of 1.45% (not counting the employer's portion), bringing the total federal take to 91.45%."
Do I understand this correctly: is he saying that it's even more ghastly that the bonuses are subject to the Mediocre FICA tax? Because how many of these individuals will ever need help paying a doctor's bill?
"The House passed legislation Thursday that would significantly curb Wall Street bonuses this year, as lawmakers from both parties echoed popular outrage over big payouts to employees of American International Group Inc. after the ailing insurance giant took billions of dollars in taxpayer money," The Wall Street Journal reports."
Next sentence: "'Significantly curb' is an understatement..." And off he goes about the terrability of taxin' the richer-than-ever. Did he miss the other important two words, 'popular outrage'? He goes on:
"Bonuses are also subject to the Medicare FICA tax of 1.45% (not counting the employer's portion), bringing the total federal take to 91.45%."
Do I understand this correctly: is he saying that it's even more ghastly that the bonuses are subject to the Mediocre FICA tax? Because how many of these individuals will ever need help paying a doctor's bill?
posted by Stephen at March 20, 2009
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