I did indeed notice that. I don't think our current crop of leaders will be happy until there's a "high soceity" and...everyone else.
I'm not very knowledgeable, but from what I've read the AMTtax fix benefits the
middle class, not the rich.
Reps. Scott Garrett (R-N.J.) and Nita Lowey (D-N.Y.) this week introduced legislation that would permanently exempt middle-class workers from the Alternative Minimum Tax (AMT).
Congress has spent several years adjusting the AMT on an annual basis to ensure that taxpayers in the middle class are not hit with a minimum tax that was meant for the wealthy. The Garrett-Lowey bill, H.R. 3747, would obviate the need for future fixes by exempting couples earning less than $100,000 and individuals earning less than $75,000 from the AMT.
“Part of the reason Americans are so pessimistic about their financial future is they are uncertain how they will be taxed from one year to the next,” Garrett said. “One-year fixes to the problem are no longer acceptable; we need a permanent solution to address the problem once and for all.”
