Every politician wants in on the AIG action. Obama, Cuomo and even Rep. Gary Peters (D-MI).
According to Marc Ambinder, Peters plans to propose a special tax rate to be levied solely at recipients of AIG bonuses. A tax rate aimed at employees of a specific (hated) company? That might be unprecedented. But would it be a great shock if the government levied a Wall Street tax rate? It doesn’t sound that far-fetched. Work at a bailed-out bank and the highest margina tax rate is 60%. Whatcha gonna do about it?
It’d be good news for accountants, of course.
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