Saw an interesting article last week on George Bush’s Alternative Minimum Tax (AMT). Its authors, Craig Jennings and Adam Hughes, say the AMT is a "stealth tax" which draws more and more middle-class taxpayers into an alternate taxation universe each year. According to them, the extent to which AMT tax liability falls on the middle class is startling.
The Democrats should get busy and fix the AMT now. Income tax time is right around the corner and there’s a lot of free publicity available. Pick an income figure. Those with income $100,000 and below pay less. Those with income avbove $100,00 pay more. $100,000 too low? Pick a higher income figure. My definition of the rich may be different from yours. Mine is anybody whose income is more than mine.
ARTICLES and ANSWERS 2020 