Re: Alternative Minimum Tax
I'm not sure if this is the same thing, but one of the plans involved a 4% surtax on individuals making over $150k per year.
Sure, that may sound like a ton of money, but have fun being a first year associate at a law firm in NYC, making $160k, but having $150-200k in loans.
I know plenty of people making $160k+ at law firms and most of them live in studios and 1br in brooklyn, and have little left after paying down their loans.
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