Category Archives: Sixteenth Ammendment – Taxes

You can have it, but we want a big chunk of it…

I think the huge bonuses being paid to AIG and other companies that have accepted federal ‘stimulus’ money are obscene.  I also think in terms of P.R., it is incredibly stupid.  However, let these companies run their own business.  If I were a customer of AIG, I would move my business elsewhere.  That is the way the free market is supposed to work.

Stop this insanity of government intervention and control.

Instead of that, the Congress has decided to profit on AIG’s stupidity:

H.R. 1527

Rep. Gary Peters [D-MI] introduced H.R. 1527: To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses paid by certain businesses owned by the Federal Government.

 

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Filed under Government Shenanigans, Sixteenth Ammendment - Taxes