US Lawmakers vote in 90% Tax levy on bonuses

[hornetrider]

http://news.bbc.co.uk/1/hi/business/7953869.stm

Firms bailed out by taxpayers who pay out bonuses will have them taxed at 90%, after a vote in the Senate.

Good stuff, although the bonuses are probably for low level workers who have feck all to do with the strategic failures that have put us in this position in the first place. Still, it's a start.

How about a 90% tax on pensions for retired bankers?

[hornetrider]

Iain328 said:

Alex said:

This clumsy attempt to prevent senior bankers receiving their "obscene" bonuses, will also prevent thousands of ordinary workers from receiving modest bonuses that they rely on to top up their salary. Mob rule is upon us.

Try reading what it says - it only applies to those on incomes over $250K. Seems to be quite well targetted to me.

Yeah I missed this point out in the original post. This only affects workers on a quarter of a mill plus, correct in principal but personally I'd have brought that threshold lower - to somewhere around 150k USD.