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The dazzler's moral approach to higher taxes
WestlinnDuck
Member Posts: 15,019 
in Tug Tavern
Just like the dazzler, Wall Street gives millions to dems who promise to raise taxes as it is clearly your patriotic duty to give more because of the children. But then, it is time for tax shelters and doing anything to keep YOUR money. Geezus what phucking hypocrites.
https://www.zerohedge.com/markets/wall-street-bankers-asking-bonuses-ahead-possible-biden-win
Wall Street Bankers Push For Bonuses Ahead of Possible Biden Win
by Tyler Durden
Fri, 09/18/2020 - 06:30
Big Wall Street firms may pay out bonuses to employees earlier this year as executives are preparing for a potential scenario where Joe Biden becomes president and a Democrat-controlled Senate would result in higher taxes.
"Employees may ask to receive year-end incentives before the end of 2020 instead of early next year, when they would typically get the bonuses," said Alan Johnson, president of Johnson Associates Inc., a New York-based compensation consulting firm, who was quoted by Bloomberg.
"You're going to hear about, 'This firm did this, and that firm did that,'" Johnson told firms at a virtual industry conference Monday. "You don't want to be caught unaware."
A major concern for Wall Street if President Trump doesn't win is the possibility of higher corporate taxes by a Biden administration. Biden has pledged to roll back Trump's tax cut legislation, which boosted corporate profits in the last couple of years. If passed, the amount of bonuses Wall Street receives on a per annum basis could be significantly reduced from the roughly $30 billion set aside each year. Biden's plan also calls for increased taxes for annual incomes over the $400,000, along with higher capital gains taxes.
https://www.zerohedge.com/markets/wall-street-bankers-asking-bonuses-ahead-possible-biden-win
Wall Street Bankers Push For Bonuses Ahead of Possible Biden Win
by Tyler Durden
Fri, 09/18/2020 - 06:30
Big Wall Street firms may pay out bonuses to employees earlier this year as executives are preparing for a potential scenario where Joe Biden becomes president and a Democrat-controlled Senate would result in higher taxes.
"Employees may ask to receive year-end incentives before the end of 2020 instead of early next year, when they would typically get the bonuses," said Alan Johnson, president of Johnson Associates Inc., a New York-based compensation consulting firm, who was quoted by Bloomberg.
"You're going to hear about, 'This firm did this, and that firm did that,'" Johnson told firms at a virtual industry conference Monday. "You don't want to be caught unaware."
A major concern for Wall Street if President Trump doesn't win is the possibility of higher corporate taxes by a Biden administration. Biden has pledged to roll back Trump's tax cut legislation, which boosted corporate profits in the last couple of years. If passed, the amount of bonuses Wall Street receives on a per annum basis could be significantly reduced from the roughly $30 billion set aside each year. Biden's plan also calls for increased taxes for annual incomes over the $400,000, along with higher capital gains taxes.