“Implemented in 1969 to make sure upper-income Americans pay their share of taxes, the AMT has increasingly snared more middle-income Americans over the years because it was never indexed for inflation.”
You can’t blame Pres. Bush for this one. This is the doing of the Democrat congress in 1996 playing the class warfare game, and now, with the shameful devaluing of the dollar by inflation over the decades, people making as little as
$33,750 are considered “rich” enough to pay this surcharge on “millionaires.”
Sound familiar? Obama’s class warfare/redistribution scam will gut the middle class just as Democrats have always done.
1969........not 1996......