Bailout bonus rage is midirected.

Updated

Taxpayers are rightfully outraged at the paying of bonuses to AIG executives, in light of the enormous bailout with taxpayer funds. But the last solution they should want to this problem is a huge tax levied against the recipients of the bonus money.

Sure, a massive income tax sounds good when it's happening to someone else. But what about if it was happening to you? If you think the average taxpayer can't become the victim of a massive money grab by politicians, you're wrong. Even this tax on AIG employees is hitting innocent parties.

How can that be? The tax bill passed by the House of Representatives by a vote of 328 to 93 imposes the income tax on families with income above $250,000 and wages from AIG. What about the family with one spouse working at AIG and another spouse at a separate company? If their income is over $250,000, they're going to be hit by this. Is it fair that the spouse's income (unrelated to AIG) is included in that $250,000 threshold? No, it's not.

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