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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (165062)11/18/2008 1:38:29 PM
From: Jim McMannisRespond to of 306849
 
RE:"The City of NY as well as the State of NY would never go along with insisting on cutting out all bonus money, they depend on the tax revs. You are talking about 30 billion that is subject to personal income tax at the highest marginal rate. Not to mention the amounts that get spent within the city and state that all of a sudden disappear."

Wow, don't you just feel sorry for those guys? Tough sh88t!



To: GraceZ who wrote (165062)11/18/2008 2:02:42 PM
From: neolibRead Replies (1) | Respond to of 306849
 
You are talking about 30 billion that is subject to personal income tax at the highest marginal rate.

In the case of hedge fund managers, they've figured out how to make most of this LTCG, so the tax rate is not so high. Don't know about the WS bonuses in general.


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