The federal government gave billions upon billions of dollars in bail-out money to the bank AIG. The bank subsequently gave millions of dollars in bonuses to executives. The latest suspicion is that 73 AIG execs got over $1 million after the bail out.

Now Obama and the leaders of the Congress (democrats) are trying to figure out how to take the money back. The proposal is to create a new 60% federal tax on any bonus over $10,000. On top of the 35% federal income tax and state taxes, that will equal 100% of any bonus over $10,000, if the government has a stake in the company.

1. Obviously these companies did nothing illegal, or they'd be required by law to give the money back. This means it's the authors of the bailout's fault for just handing over money with no restrictions on it's use. These same democrats who fought Bush's push for regulation, but now say they want regulation, just gave away BILLIONS of our dollars in tax money with no restrictions at all.
   
2. They are using THEIR OWN ERROR as an excuse for higher taxes. They aren't just looking to tax at 100% (ie, take all of) million dollar bonuses, but any bonus over $10,000.00. Lots of employees of different companies rely on their bonus to get them through financially.
   

In summary, if the Obama government doesn't like what you do, when you're not even breaking the law, they will take away 100% of your money.

Thank you, Obama for this change. A 100% tax rate for people who broke zero laws to get their money.

P.S. The poster pictured here is from the Obama campaign. It certainly reminds me of 2-face from the Batman stories.

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