Archive for September 19th, 2002
Posted by taxguru on September 19, 2002
No New Tax Cuts
According to this USA Today article, Bush has admitted defeat in getting any more tax cuts through during this year. It doesn’t say how hard he’s going to fight to prevent the liberals from repealing the current 10-year tax reduction program.
KMK
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Posted by taxguru on September 19, 2002
AMT’s Gonna Get Ya’
Those jokers who we’ve elected to run our lives from their thrones in DC are sure sneaky. The big humongous tax cut phases in over ten years. However, according to a recent study, most people will not actually receive any real savings because they will become subject to the dreaded evil alternative minimum tax. Originally designed to punish evil rich fat cats, it has slowly been creeping up to ensnare more and more middle income people.
This tax attacks W-2 earners more than those who are self employed; but it has the potential to be costly for almost anyone. Once again, the only group I’m aware of waging a serious fight against this insane tax is ReformAMT.
KMK
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Tax Guru - Ker$tetter Letter 