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hfojvt

(37,573 posts)

17. except a number of patches have been done for years now

Reply to slackmaster (Reply #16)

Mon Dec 24, 2012, 04:36 PM

Dec 2012

and the middle class STILL would not get clobbered if the AMT patch was not done this very year.

So who has benefitted from all these patches?

It has not been the middle class.

Once again, the middle class is just used as the whipping boy to provide tax breaks to richer people.

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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