income = (salary + bonus - taxes) / year
A bonus can be used to be part of an employees' expected/planned annual benefit, especially when this bonus is a 'regular occurrence'.
Wall Street Journal Article
Listen to the Podcast on This
According to Michael Medved, if the top 2% (as proposed by Pres. Obama) would pay 100% income tax, it would still not pay for all the new spending this year.
So what happens when the "Rich" is taxed more? They can donate/spend/invest less.
This is really bad for job creating entrepreneurs!
Friday, March 27, 2009
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Check out this site. See if you can balance the budget.
http://marketplace.publicradio.org/features/budget_hero/
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