Slow to act is the understatement of the year! This law was enacted in 1969 to "punish" 21 millionaires who, in 1967, avoided paying any tax by using deductions enacted by the same "Congress" according to the 12/5/05 Wall Street Journal. Now, however, congresscritters from those northeastern blue states are getting hammered by liberal zillionaires to eliminate the AMT.
Which party was in charge from 1969 to 1994 and exactly who was "slow" to adjust the AMT?
3 posted on 12/06/2005 8:21:01 AM PST by zerosix
(Native Sunflower)
When people who live in 1200 square foot houses and drive average cars have to do AMT, there is something fundamentally wrong with the concept.
11 posted on 12/06/2005 10:00:50 AM PST by GOP_1900AD
(Stomping on "PC," destroying the Left, and smoking out faux "conservatives" - Take Back The GOP!)