Tuesday, April 7, 2009

Taxes for Bonuses

In recent days the government gave bailout money to several companies, money that has been spent paying bonuses to their C.E.O’S or managers. This situation called the attention of the senate of the United States of America and now they are trying to fix this situation by applying taxes to that money, 90% in federal taxes and 10 % in State taxes, leaving this people without money. In my opinion this measure is trying to fix the mistake that the government did when they gave the money to these companies without a plan that shows how this money should be distributed and how this companies will use that money.
The government created this bailout to save some companies from the bankruptcy. Saving these companies from the bankruptcy the jobs of thousands of American should not be at risk. Instead of that these companies have been using this money to pay to their executives enormous amount of money as bonuses. This caused great discomfort to the public opinion because in one way or other these money belongs to the tax payers and they are going to pay for many years the debt of the country.

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