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90% tax on bonuses given to employees

March 20th, 2009 · No Comments · webfrost

As per Yahoo: Chief Executive Vikram Pandit on Friday criticized legislation that would tax bonuses at many financial companies heavily. He was afraid to lose all the talented employees after this new rule being in place. It will charge 90% tax on bonuses given to employees who makes more than $250,000 and the company has [...]

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