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Politics : Moderate Forum
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To: Dale Baker who wrote (7600)3/7/2004 7:39:48 PM
From: Brumar89   of 20773
 
Watch out when they tell you they're going to raise taxes on the rich. Taxes aimed at the rich inevitably end up falling on the non-rich given a little time. Hey, that's how the income tax concept was sold to voters initially. It was only going to be paid by a small percentage of the public at first.

"Although the AMT was originally enacted to prevent wealthy taxpayers from avoiding tax liability through the use of tax avoidance techniques, it now affects substantial numbers of middle-income taxpayers and will, absent a change of law, affect more than 30 million taxpayers by 2010," taxpayer advocate Nina Olson said in her 508-page annual report naming this parallel tax system taxpayer enemy No. 1.
seattlepi.nwsource.com
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