Wall Street Bonus Tax Act

January 19th, 2010 by B

Loans 300x200 Wall Street Bonus Tax Act

Photographer: Omar Bárcena

This bill states, “In the case of any payment of compensation during 2010 in the nature of a bonus by a TARP recipient to any employee or former employee of such recipient, there is hereby imposed a tax equal to 50 percent of so much of such compensation as exceeds $50,000.” Also, the Administrator of Small Business Administration will be given power to create loans for small businesses. H.R. 4412 was referred to the Committee on Ways and Means and the Committee on Small Business.

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118121797 Wall Street Bonus Tax Act


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