Originally Posted by
JohnDoe
Rsr,
How I see it, is that the middle class was having to pay for a tax that was instituted for people like Warren Buffet, the richest man in America today. Warren Buffet himself recognized that something is wrong when he paid only 15% in taxes from his income earned while his secretary had to pay 35% in taxes for the much lesser money that she has earned.
OVERALL, there is no tax rise with this AMT fix.... it just levels the playing field and takes the taxes that were MEANT for the wealthiest in our country, the AMT TAX, which was wrongly put upon the middle class family of 4 making only $60 grand a year, and realigning this tax on the middle class to the people it was meant to be applied to...the wealthiest.
No more taxes will be coming in to the federal kitty for them to spend.
jd