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Strategies & Market Trends : ahhaha's ahs
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To: Mark Adams who wrote (3324)10/31/2001 1:39:59 PM
From: GraceZRead Replies (2) of 24758
 
So what's your defense of the AMT?

Let me guess you are still worried about all those people who make millions and don't pay taxes while the burden of paying taxes falls on the middle class, am I close?

Go look at the breakout of who pays the bulk of the tax receipts in this country before you answer. It may surprise you as it did me because I swallowed whole the BS about the burden being on the middle class for years. While no one would argue with the idea that the middle class pays a high average tax percentage in comparison to the wealthy, you'll find that the bulk of that isn't income tax but SS and medicare transfer payments which impacts the lower end more significantly. There is a significant population which pays no income tax at all.....if you remember all the flack about the people who weren't getting a rebate check, that would be them.
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