November 9, 2009
Written by Sue · Filed Under Business
5 Responses to “Wall Street Bonuses up Whopping 60% From Last Year”
[...] electoral base, we would have still been happy if the Wall Street Big Three weren’t giving out thirty billion dollars in bonuses while a quarter of Americans scrounge for jobs to pay the [...]
[...] Wall Street Bonuses up Whopping 60% From Last Year – Chattahbox.com(ChattahBox)—Wall Street bonus payouts of the three big financial firms, Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.’s investment bank are poised to hand out the biggest payday yet of $29.7 billion in bonus compensation [...]
[...] Wall Street Bonuses up Whopping 60% From Last Year | ChattahBox … [...]
With any luck this will cause Barney Frank & Chris Dodd to have heart attacks!
Let me see, to give 30 Billion in bonuses they would have earned about 52 Billion and paid 22 Billion in Federal Tax and NY State Taxes.
Probably another 8.85% City Tax too.
When this is distributed the employees will pay another 10 1/2 Billion in Income taxes.
The Government gets the VAST majority of this money and the morons in Washington cry about it!
32 1/2 Billion to the Government
19 1/2 Billion to employees that Actually worked for it!
Of course Wall St needs all these bonuses to reward staff who dictates to the US Congress. The facts speak for themselves. U-6 employment at 17% while Wall St celebrate the American dreams with taxpayers money. This is worse than socialism. Thanks to a ignorant Main St, the criminals escaped!
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