Don’t you hate that “too busy to provide AMT tax relief” crapola. Congress when it wants to screw us shows it’s willing to work late into Christmas Eve!!! They’re not to busy, they just hope we won’t realize how badly we’re being bent over. If I could have one rule passed it would be that taxes could not be withheld. You got your full paycheck and every quarter you had to write a check. Do you realize how fast the nonsense in Washington would stop.
between the AMT, increased property taxes and whole bunch of other “licenses” and fees” from our overextended local and state govts - a lot of people who have been “comfortable” are about to feel a squeeze
and some are gettin’ IOU’s from their states instead of tax refunds- something the feds probably will have to consider before long. If we are lucky, before obama’s reelection. and the IOU’s will have his picture on them
of course, we in the middle are not the folks the economy needs to recover anyway, right- obama is only taxing the rich