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Taxes: Can Congress fix the AMT?
Waterbury Republican-American ^
| June 17, 2007
| Editorial
Posted on 06/17/2007 12:06:52 PM PDT by Graybeard58
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To: kiriath_jearim; Little Bill; mojo114; padre35; Harrius Magnus; spikeytx86; ...
Ping to a Republican-American Editorial.
If you want on or off this ping list, let me know.
2
posted on
06/17/2007 12:07:58 PM PDT
by
Graybeard58
(Remember and pray for SSgt. Matt Maupin - MIA/POW- Iraq since 04/09/04)
To: Graybeard58
3
posted on
06/17/2007 12:09:12 PM PDT
by
uglybiker
(relaxing in a luxuriant cloud of quality, aromatic, pre-owned tobacco essence)
To: Graybeard58
You will NEVER see a cut in government spending. But no one ever asks if people pay TOO MUCH in taxes. The usual assumption is they haven't paid their "fair share." Given our political terminology, one can expect never-ending government growth to the end of time.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
4
posted on
06/17/2007 12:11:26 PM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: Graybeard58; ancient_geezer; Taxman; pigdog; Principled; EternalVigilance; PhilWill; kevkrom; ...
There is a solution currently before Congress Known as
The Fair Tax Act 2007(HR25/S1025). It will replace all federal income taxes with a national sales tax. There will not be any federal income tax forms to fill out. The AMT will cease to exist. People will receive 100% of their paychecks. Visit
Americans For Fair Taxation for more information. Fair Tax ping!
5
posted on
06/17/2007 12:21:37 PM PDT
by
Man50D
(Fair Tax , you earn it , you keep it!)
To: uglybiker
Don't fix it!
NIX it!!
Read post #5.
6
posted on
06/17/2007 12:23:56 PM PDT
by
Man50D
(Fair Tax , you earn it , you keep it!)
To: Graybeard58
Fix the AMT?
Yes - eliminate it altogether.
If through prudent investments, and by following the rules set down in the IRS regulations to the letter, the individual ends up with no net liability on taxes, then that is the reward for playing by the rules.
Don’t like that outcome? Eliminate the whole Internal Revenue Service tax code, substituting a consumption tax in its place.
7
posted on
06/17/2007 12:28:13 PM PDT
by
alloysteel
(Choose carefully the hill you would die upon. For if you win, the view is magnificent.)
To: Graybeard58
the lib/dems will fix it.....
they will just raise taxes for all....
except the illegals...
To: Graybeard58
I never understood why it wasn’t fixed by the Republican congress- not the Democrats will use AMT reform to raise taxes on the rich.
9
posted on
06/17/2007 1:01:23 PM PDT
by
LWalk18
To: Graybeard58; All
Rush illustrates this on his site. Just do a search on "Taxes" and it's the first article.
The wealthy carry other Americans on their backs and God Bless Them and their success.
http://www.rushlimbaugh.com
10
posted on
06/17/2007 1:14:42 PM PDT
by
Diana in Wisconsin
(Save The Earth. It's The Only Planet With Chocolate.)
To: LWalk18
Fear. The GOP thought if they eliminated the AMT, the Democrats would paint it as a tax cut for the rich and would cry about increasing the federal deficit. Of course fear to do what is right is why the GOP in now the minority party.
To: Graybeard58
12
posted on
06/17/2007 2:22:12 PM PDT
by
Taxman
(So that the beautiful pressure does not diminish!)
To: Diana in Wisconsin
And, as Rush, among others, has pointed out, we're approaching the day when that last chart, the amount the top 50% of earners pay, will reach 100%. Soon after that day, a majority of earners, and probably a majority of voters, will pay no income taxes.
If that happens, the situation will be irreversible without some sort of taxpayer revolt. It could get very ugly.
13
posted on
06/17/2007 2:51:11 PM PDT
by
The Pack Knight
(Duty, Honor, Country. Friend of Fred.)
To: Graybeard58
Taxes: Can Congress fix the AMT?
7% Flat tax would be my choice. Not that I am against the consumption tax,
just think there may still be too many not paying their share, and relying
on the rich to pay a skewed bigger proportion. Everyone needs to pay some.
Democrats in the majority demands higher tax rates.
Republicans at least cut some tax rates.
14
posted on
06/17/2007 3:06:53 PM PDT
by
Son House
( Democrats are Hostile to Tax Payers.)
To: The Pack Knight
If that happens, the situation will be irreversible without some sort of taxpayer revolt. It could get very ugly.
I pray this country still has it in US to have a revolt. That we don't continue on the socialist slide and become a full fledged socialist hell hole......sitting around not being able to figure out why no one works, why there are shortages, why thousands of people die during a heat wave, why punks run riot in the streets, why health care sucks....
15
posted on
06/17/2007 3:13:52 PM PDT
by
socialismisinsidious
( The socialist income tax system turns US citizens into beggars or quitters!)
To: The Pack Knight
"It could get very ugly."
When it gets to that point, it's going to be beyond ugly.
Think of it this way; those really wealthy folks that are paying the majority of taxes already have found every conceivable legal loophole available to them as it is...and they STILL pay through the nose.
I'm hardly a 'Nattering Neighbob of Negativity,' but when push comes to shove, I'd quit earning a taxable income if I were them. ;)
We ARE heading down a slippery slope. The number of people "on the dole" these days is staggering. The amount of tax dollars currently directed at Health & Human Services looks like this:
The only thing gaining on that is the Ponzi Scheme known as "Social Security." And it's not even funded in actual dollars!
16
posted on
06/17/2007 3:16:23 PM PDT
by
Diana in Wisconsin
(Save The Earth. It's The Only Planet With Chocolate.)
To: nyyankeefan
Illegals would pay taxes under the fair tax and so would visitors.
Once when I was complaining about the AMT a Loony Lib (are there any other kind?) told me that my problem with the AMT was a "perceived" problem. Pretty funny coming from a nut job who thrives on making victims where there are none.
17
posted on
06/17/2007 3:17:21 PM PDT
by
socialismisinsidious
( The socialist income tax system turns US citizens into beggars or quitters!)
To: Diana in Wisconsin
I'm hardly a 'Nattering Neighbob of Negativity,' but when push comes to shove, I'd quit earning a taxable income if I were them.
Check out my tag.
18
posted on
06/17/2007 3:19:23 PM PDT
by
socialismisinsidious
( The socialist income tax system turns US citizens into beggars or quitters!)
To: Graybeard58
What we need is an alternative MAXIMUM tax. And I am not joking.
19
posted on
06/17/2007 3:27:34 PM PDT
by
beavus
(People are rational in the mundane. Irrationality is left for what matters most.)
To: goldstategop
“You will NEVER see a cut in government spending.”
Presidents George H. W. Bush, and Bill Clinton both cut tens of billions from national defense.
20
posted on
06/17/2007 3:29:40 PM PDT
by
beavus
(People are rational in the mundane. Irrationality is left for what matters most.)
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