| Re: Alternative minimum tax
Quote:
Originally Posted by Kandahar  The AMT is basically designed to prevent wealthy people from taking excessive deductions, by making them pay some minimum amount if their regular tax bill would be less than that. However, in recent years, more and more people have been affected by the AMT, some of whom are merely upper-middle class and not wealthy. | It is basically designed to do exactly what it has been doing.
repeal it.
Prohibit deficit spending.
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Dear love, couldst thou and I with fate conspire
To grasp this sorry scheme of things entire,
Would we not shatter it to bits, and then
Remould it nearer to the hearts desire!
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