[Centurion2000]

Moreover, families with incomes between $250,000 and $500,000, the "marginal" tax rate paid on the next dollar of earned income could soar to 80 percent, or in some cases even above 100 percent. The point of this revenue grab is to pay for making families with earnings under $250,000 a year exempt from the Alternative Minimum Tax (AMT):

That has got to be absolute insanity .... of course high level execs will get paid in stock and thus only be subject to capital gains taxes. But a pair of doctors will get SOAKED.

[bruinbirdman]

"of course high level execs will get paid in stock and thus only be subject to capital gains taxes."

In fact, that is exactly why the AMT was created. To make those "high level execs" pay more tax.

The problem is, the AMT is flawed. Now it will stick a lot of average Joes who are not CEOs.

yitbos