Pete Carey
The $700 billion federal bailout bill contains a two-page provision that spells relief for thousands of Silicon Valley high-tech workers hit during the dot-com bubble with gigantic tax bills on money they never made.
The provision, added to the bailout bill by a bipartisan pair of congressmen, will mean the enormous sums these workers owed for phantom income incurred when they exercised a certain type of stock option will be either refunded or canceled.
