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Reply #24: amt relief is voted on every year. it was in place all during the bush tax cuts. [View All]

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-12-11 05:09 AM
Response to Reply #22
24. amt relief is voted on every year. it was in place all during the bush tax cuts.
Edited on Thu May-12-11 05:13 AM by Hannah Bell
the only reason it's mentioned in that chart is because if it had for some reason *not* been extended in 2010, the 2010 number would be different.

the numbers in that chart are the tax cut numbers.

"Also, we no longer project the effects of the Bush tax cuts without
AMT adjustments, since it is clear that Congress will continue to adjust the AMT to limit the number of people it affects."
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  -Ezra Klein: Can we close the budget deficit by taxing the rich? dkf  May-12-11 02:23 AM   #0 
  - I'm taxed high, at a very low income.  Tripod   May-12-11 02:27 AM   #1 
  - If they paid 91%, it would help a whole lot more.  aquart   May-12-11 02:46 AM   #5 
     - My child has just received her 4 year Degree.  Tripod   May-12-11 02:54 AM   #9 
  - Why doesn't someone say we should raise the minimum wage to lower the deficit?  Capitalocracy   May-12-11 02:37 AM   #2 
  - I do think we need to allow people to make a better living so they can actually afford to pay taxes.  dkf   May-12-11 02:45 AM   # 
  - Keeping Medicare as we know it is emminently possible. What needs to change are private sector  BzaDem   May-12-11 02:48 AM   #6 
     - Well Medicare as we know it piggy backs on an impossible health care system  dkf   May-12-11 03:13 AM   #10 
        - I think in many cases, the value of "explaining" complicated things like our healthcare system to  BzaDem   May-12-11 03:20 AM   #11 
        - Look at it this way. Medicare represents something.  Capitalocracy   May-12-11 05:08 AM   #23 
           - But isn't it a pure lie to tell the public that the health care system and Medicare can  dkf   May-12-11 04:22 PM   #30 
  - Oops  dkf   May-12-11 02:45 AM   #4 
  - The 2009 deficit was not 53 percent of GDP, and the 2050 deficit could not possibly be 350 percent  BzaDem   May-12-11 02:42 AM   #3 
  - That was actually debt as a % of GDP  dkf   May-12-11 02:50 AM   #7 
     - Ah, accumulated debt as a percentage of GDP makes more sense.  BzaDem   May-12-11 02:51 AM   #8 
        - I assume this is also taking into account...  Capitalocracy   May-12-11 05:32 AM   #27 
  - The solution to health care costs is single payer n/t  eridani   May-12-11 03:47 AM   #12 
  - A+. Good job.  Capitalocracy   May-12-11 04:47 AM   #20 
  - the cost of the bush tax cuts over 10 years was $2.5 trillion. about 40% went to the top 1%  Hannah Bell   May-12-11 03:58 AM   #13 
  - The CBO says that allowing Bush's tax cuts to expire on families making above 250k would save 700b,  BzaDem   May-12-11 04:06 AM   #14 
     - i don't care what cbo says; we already *know* how much they cost the last 10 years.  Hannah Bell   May-12-11 04:20 AM   #15 
        - "i don't care what cbo says"  BzaDem   May-12-11 04:26 AM   #16 
           - projections can be made to say anything one wants depending on the assumptions used.  Hannah Bell   May-12-11 04:28 AM   #17 
              - Again, you are using data from a model that also includes the AMT fix. If you are going to use a  BzaDem   May-12-11 04:34 AM   #18 
                 - amt relief is still in effect so far as i can see.  Hannah Bell   May-12-11 04:40 AM   #19 
                    - Yes, it is, but AMT relief in general is usually considered separately, since the non-indexing of  BzaDem   May-12-11 04:53 AM   #22 
                       - amt relief is voted on every year. it was in place all during the bush tax cuts.  Hannah Bell   May-12-11 05:09 AM   #24 
                          - I can't find the original ITEP source, but your interpretation sounds reasonable, so I'll assume its  BzaDem   May-12-11 05:30 AM   #26 
                             - i would guess it has something to do with the 2009 arra, which included some modifications  Hannah Bell   May-12-11 05:41 AM   #28 
  - Hey Ezra, how about adding in taxes corporations should pay, but are not!  boston bean   May-12-11 04:49 AM   #21 
  - Tax the rich, tax corporations, oh, and cut the military budget in half,  MadHound   May-12-11 05:14 AM   #25 
  - They should exempt everyone under $250,000.  kentuck   May-12-11 05:45 AM   #29 

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