Rikiki

Wall Street Breakfast: Must-Know News

Herr Klaus,

You are on a slippery slope Freund. Do you remember the AMT...Alternative Minimum Tax... meant to snare a few hundred non tax payers. The folly is that raw numbers, as opposted to percentage based calculated numbers, do not allow for INFLATION. And once congress has tasted blood with this program they will be just as loathe to fix it as the have the AMT.

However, I totaly agree that the NY financial instutions are totally out of whack with the rest of the world in that peple get paid way more than virtually all other industries. Better just tax income and not distinguish the source.

Rikiki


On Feb 11 10:37 AM [e-mail] wrote:

> I think they should relegislate the 91% Fedral Income Tax on all
> bonuses exceeding $1mil, no exceptions, no deductions and no exemptions
> - stick that up their craw - take the incentive out of these items
> of corporate squalor