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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (3338)10/31/2001 3:06:22 PM
From: Mark AdamsRead Replies (1) of 24758
 
Because it punishes wealth creation whereas the purpose of the AMT for individuals was to prevent abuse of investment and thereby reduce wealth creation even for the wealthy.

Say what?

You suggest that the AMT punishes wealth creation for Corporate Entities.

Then you imply that individuals are more likely to abuse 'investment' in the pursuit of limiting their tax liabilities. Which apparently includes a judgement that this is 'wrong'.

Then you say that the net effect of the AMT on individuals is to further limit the wealth creation by the wealthy. Or does the act of investing in a manner that reduces invidual tax liability reduce the wealth creation by the wealthy?

How does this support that the AMT should exist for individuals but not corporate entities?

And how do corporate entities differ from individuals? Are they not granted the same rights as "real" citizens? Should they not bear the same social costs as other citizens?

With rights come responsibities...
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