Taxing Bonuses?

I would just like to put out my thoughts on an idea that is being proposed by members of Congress; taxing corporate bonuses by 90% on those making more than $125 or $250 thousand a year.

It is ridiculous to impose this sort of tax. Corporations will simply push money that would have been a bonus into a higher salary/benefit package in the future. The free market economy will work around this issue. As outrageous as large bonuses are to those companies that received federal bailout money (such as AIG), this money is contractually guaranteed for retention purposes and was promised long before economic problems materialized.

Here is a good idea for Congress; one that is actually fair and logical. Instead of debating the extreme taxation of bonuses, why don't we just tell companies who want bailout money there are limits to employee compensation? Current obligations could be upheld, and future obligations would be limited for unsuccessful organizations. It does not make sense for my taxpayer dollars to be distributed to those in much better economic situations than myself, but it also does not make sense to take away what has been contractually promised. I am sure there are plenty of qualified people to take these positions if those in them now decide it is not worth their salaries to work if they are not going to receive a hefty retention bonus.

Until we meet again, goodbye!