Foundation for Economic Education » Lawmakers Vow to Revise Alternative Minimum Tax

Lawmakers Vow to Revise Alternative Minimum Tax

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“If you think your taxes are bad this year, wait until next April 15. Unless Congress acts relatively soon, millions more Americans will find that the tax refund they expected will disappear ndash; swallowed up by the alternative minimum tax (AMT), a levy originally designed to make sure that millionaires pay up.” (Christian Science Monitor ^[1], Friday)

Reducing the size of government and what government spends money on, will be the best way to lighten the tax burden.

FEE Timely Classic

“How to Reduce Taxes ^[2]“ by Leonard E. Read

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/lawmakers-vow-to-revise-alternative-minimum-tax/

URLs in this post:

[1] Christian Science Monitor: http://www.csmonitor.com/2007/0413/p01s03-usec.html

[2] How to Reduce Taxes: http://www.fee.org/publications/the-freeman/article.asp?aid=3343

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