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Originally posted by Phoenix
Nice twist thought I was reading an action scene from the Matrix for a moment there.
Questions:
Answered these myself since the thread author refused
Is the unintended consequences not the fault of those responsible for instituting the AMT in the first place?
Yes they put no mechanism for inflation virtually garanteeing a future "hit" on the middle class.
Just when was the AMT instituted?
1969
By Whom?
Democrats
For what specific purpose?
To soak the rich, ok ok - it was to prevent those that used shelters from avoiding taxes.
And what are the consequences today?
As income rises with inflation middle class people are hit with a higher tax liability
Now you are trying to use the AMT as a political hammer against Bush who had nothing to do with its formulation or passage.
Should the blue states be penalized for taking advantage of a skewed and unjust system as Norquist suggests - No not in my opinion nor the opinion of the administration itself from what I read in your link.
Originally posted by Bout Time
The Dem/Repub thing for some is as impossible to let go as the Yankee/Johnny Reb symantics.
Phoenix, whether you like it or not, it's you that it's beeing done to, along with the other Rank & File Republicans and all other Americans. The measures being taken or proposed do nothing to draw equality amongst the classes; it furthers it.
The system is being coerced and manuevered by Republicans on this issue, in my opinion. It's a further extenstion of the "Death Tax" canard, just better thought out.
Now you are trying to use the AMT as a political hammer against Bush who had nothing to do with its formulation or passage.
To the contrary, what Team Rove has taken advantage of is just this sort of thing; long standing legalities that can be manipulated in modern terms - none of which they formulated or had passed. It's a moot point at to the culpability of the actions.
Should the blue states be penalized for taking advantage of a skewed and unjust system as Norquist suggests - No not in my opinion nor the opinion of the administration itself from what I read in your link.
Being a Blue Stater, I don't get where you're coming from? You think the states were playing the system to give their citizens credits against high/double taxation!?
I agree about tax reform. Where I disagree is on the classes focused upon for increas/decrease by this administration and the GOP.
Originally posted by Phoenix
BT I do not believe now nor have I ever believed in progressive tax rates after the poverty level has been passed - you are wasting words with me if you are equating equality with progression. Sorry but my tax rate should be the same whether I make $30,000 or $3,000,000 million
I'll go along with that as long as no one has to pays taxes on the first $15,000 of income. The middle class is shrinking fast enough, thank you very much.
I have no problem with the rich being taxed at the same rate, as lonas it is fair and not rich with loop holes.
And NO flat tax, I could NOT afford to have my taxes go up that much.