Yet another attempt to kill off the talent on Wall Street .... and this one isn't limited to banks who accepted TARP.
http://www.nytimes.com/2009/03/29/nyregion/29tax.html
New York's temporary 3-year tax kicks in for people earning over $300,000, with the highest rate imposed on people earning $500,000.
I am watching an entire industry being decimated in slow motion .... much like the melting glaciers due to global warming.
©2009 Marc Adler - All Rights Reserved.
All opinions here are personal, and have no relation to my employer.
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3 comments:
What talent? :)
Yes, I often wonder about that too ...
I agree.... what talent?
I don't see Wall Street and the banking sector with great talent.
The "talent" is in the IT sector. Wall Street simply throws money at problems.
Reducing salaries is a good idea. Everyone one I talk to agrees. Bonuses are outrageous compared to other sectors. Risk taking and brash behavior with others money is rewarded.
Look where we are now.
Let's get real.....
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