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The AIG TaxThis articles challenges views on AIG bonuses. Very clear and to the point. The proposal in Congress targeting AIG bonuses may be subject to constitutional challenge. We have a written constitution precisely to hinder majorities from acting tyrannically toward unpopular persons or groups. Despite glib pronouncements by Larry Tribe on the matter, there are serious questions whether this pending income tax legislation will survive judicial challenge if passed.I encourage all affected employees of AIG or other firms to consult with counsel and consider a determined challenge to any tax legislation that targets their agreed compensation for services already performed. http://news.findlaw.com/hdocs/docs/aig/bonus-retention-plan2008.html http://www.washingtonpost.com/wp-dyn/content/article/2009/03/18/AR2009031801484.html?hpid=topnews http://www.washingtonpost.com/wp-dyn/content/article/2009/03/17/AR2009031702940.html http://blogs.wsj.com/law/2009/03/18/would-an-aig-bonus-tax-pass-constitutional-muster-a-tribe-calls-yes/ Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHORRonny Buni is an experienced tax and business attorney. His offices offer tax planning and business structuring, representation in government audits, and complete solutions for tax payers with unpaid liabilities. He is also an author of numerous articles related to tax.
Check his profile on LinkedIn http://www.linkedin.com/myprofile?trk=hb_side_pro
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