If we ignore the politics that drive the strong opinions on both sides of the AIG Bonus Tax for a minute and focus on how this new tax skews people’s work incentives, perhaps we can come to an agreement that this solution that was rushed through the House last week is just downright stupid. I’ll let the WSJ explain.
[Read More...]A 90% tax is downright stupid, creating bizarre disincentives. Exhibit A? That would be me. Once my total income hits $250,000 for the current…
