“There is also a $70 billion, one-year fix for the alternative minimum tax. The fix would save some 20 million mainly upper-middle-income taxpayers about $2,000 in taxes for 2009.”
The above is from the article. I was just wondering what defines upper-middle-income.
I believe the Alternative Minimum Tax hits a taxpayer when his/her income hits $100,000 or so and also when that person of that income level takes what the Gov't considers too many deductions.
They've raised the income levels which is good but it should have been done in a different bill.