If you follow along with what has been presented in the scheme of compensation on Wall Street it becomes apparent that the idea of a guaranteed bonus is a scam to avert paying taxes on what is technically income.

There is a clear differentiation between normal income and a bonus. What has occurred is Wall Street has taken these two and made them mean what they want them to mean just to change the category of taxation which they fall under.

This is a straightforward misrepresentation of an income category.

What this really means is the IRS should go after all those persons who were paid a guaranteed contractual 'bonus' and make them pay the 'normal' tax on it. And make it retroactive.

Regular people can't game the system in this way and to allow this to stand is a gross injustice and clearly is intended to avoid paying taxes.

Send a note or call your representatives in congress and complain about this gross misrepresentation and make the IRS recover the lost taxes.