Quote:
|
Originally Posted by Marvelous Marv
You might want to study the Alternative Minimum Tax before clinging too closely to that last sentence. It was an attempt to make the "rich" pay their "fair share." It now ensnares millions who aren't rich, and is projected to get much worse (see graph).
CBO Link
This thread sure looks like another in which people recommend that everyone ELSE should pay more taxes. |
If a rich person is not claiming large deductions on their 1040, the ATM won't afffect them. You are right the ATM is another example of how they wanted to stick it to the rich, but it really sticks it to the upper middle class. I bet Bill Gates doesn't worry about the ATM.