Posted on 04/21/2010 5:04:18 PM PDT by Nachum
WASHINGTON – President Barack Obama's Democratic allies in the Senate promise to cut the deficit by almost two-thirds over the next five years, but their budget plan could threaten about 30 million people with tax increases averaging $3,700 in 2012 and after because of the alternative minimum tax.
The alternative is tax increases elsewhere in the revenue code averaging up to $100 billion a year after 2011 to continue alternative minimum tax relief and also curb taxes on people inheriting large estates.
(Excerpt) Read more at news.yahoo.com ...
The list, ping
How about the 52% people that pay taxes leave the country and let the other 48% that don’t pay taxes stay? How long will it take for Obama to realize what he has wroth?
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