House Democrots looking for a way to remove the impact of the Alternative Minimum Tax are looking imposting a four percent or more surcharge on families making more than $500,000.
Now I don't like the AMT at all since I think it is a bogus attack on the upper middle class and rich people. But this proposal is nothing more than class warfare.
The people at teh upper end of the income spectrum provide most of the tax revenue in this country to begin with and now we are going to ask them to shoulder an even greater burden.
I have a better idea, why don't we get rid of the AMT all together and then cut government spending. Then you won't need the tax income in the first place.
No comments:
Post a Comment