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ProSense

(116,464 posts)

2. Wait,

Reply to hfojvt (Original post)

Sun Dec 23, 2012, 07:26 PM

Dec 2012

"From 2009, the top 20% got a whopping 92.6% of the benefits from the AMT patch."

...you're campaigning against people who make $50,500 to $84,000?

Maybe you should focus on income inequality and lose this absurd focus. Someone making $50,000 isn't rich.

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the AMT is not a middle class tax [View all] hfojvt Dec 2012 OP

It's middle class only in the UK sense of the term. dawg Dec 2012 #1

Wait, ProSense Dec 2012 #2

no the top 20% makes from $84,000 to $169,000 hfojvt Dec 2012 #4

OK, you're attacking someone making $84,000? ProSense Dec 2012 #18

define "attack" hfojvt Dec 2012 #21

median household income is about $50K. not the top 20%. HiPointDem Dec 2012 #20

Regardless of how it's packaged, if govt takes my money IT'S A TAX. If people agreed, more would jody Dec 2012 #3

oh, it is certainly a tax hfojvt Dec 2012 #5

Agree, just consider the DOD budget that protects the worldwide assets of corporatists who jody Dec 2012 #6

For more than 40 years, Congress has avoided automatically indexing the AMT to inflation slackmaster Dec 2012 #7

and that's a big deal, why? hfojvt Dec 2012 #8

It was meant as an equalizer, to do something about the ultra-wealthy not paying a fair share of tax slackmaster Dec 2012 #9

in the late 1960s the top tax rate was 70% hfojvt Dec 2012 #12

Sure, that's a great "gee whiz" number but almost nobody paid that top marginal rate. slackmaster Dec 2012 #13

uhm, you kind of prove my point hfojvt Dec 2012 #15

You keep ignoring the fact that the Band-Aid has to be done every year or so in order to prevent... slackmaster Dec 2012 #16

except a number of patches have been done for years now hfojvt Dec 2012 #17

i pay it every year and i don't think of myself as rich FreeJoe Dec 2012 #10

sounds to me like you are rich, but don't think of yourself as rich hfojvt Dec 2012 #11

Let me give you an example of how AMT can harm a middle class person even with indexing for... slackmaster Dec 2012 #14

Granting that, the big picture facts are unchanged. Your situation is an outlier, even for you TheKentuckian Dec 2012 #19