Thanks Gail Wynand.
Thanks for the bump.
And, we must be wary of new tax proposals that are targeted to “affect” only a selection few. The 1969 Alternative minimum tax is one typical example....Although the AMT was originally enacted to target 155 high-income households, it now affects millions of middle-income families each year. The number of households that pay the tax has increased significantly in the last decade: In 1997, for example, 605,000 taxpayers paid the AMT;[49] by 2008, the number of affected taxpayers jumped to 3.9 million, or about 4% of individual taxpayers.[50] A total of 27% of households that paid the AMT in 2008 had adjusted gross income of $200,000 or less. (Source;Wikipedia).