Wednesday, March 18, 2009

Taxing AIG's Bonuses

Since some crooks over at AIG got some huge bonuses, Congress is now trying to get that money back through a tax -- a 100% tax on all bonus money from AIG.

Some people have said that this 100% tax is unconstitutional. Are you kidding me? The 16th Amendment clearly states that

The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

Boom. Right there.

Now here's my question: who the fuck said that taxes can only go up to 100%? I propose that we put something like a 500% tax on bonuses over 100K to employees in companies with government bailout money. Let's see how they like that one.

My other idea was to tax them enough so that everyone working in the company makes exactly as much money as person with the lowest salary employed at the company. You got a janitor making federal minimum wage? Here's your $6.55, Mr. CEO.

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