Alternative Minimum Tax

[bills217]

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Personally, I think Congress should keep the AMT, increase it and index it to inflation. The idea that wealthy individuals could game the system to the point that they aren't paying much tax seems wrong to me. It seems simpler to fix the AMT, particularly because it's irrational to target hedge fund managers.

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I remind readers of this forum that you believe people making $80,000 plus a year are wealthy.

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They would be wealthy if $40,000 of it didn't go to taxes. [img]/images/graemlins/smile.gif[/img]