a whoops-a-doodle made it seem worse than now
oh and thats over 10 years
and assuming these rich guys do nothing different as a result.
in other words, its feelgood nonsense.
well I don't feel very good about $17b errors
but what we had best be paying attention to is Congress forgetting about putting to death the alternative minimum tax thats about to hit us for a trillion
oh and thats over 10 years
and assuming these rich guys do nothing different as a result.
in other words, its feelgood nonsense.
well I don't feel very good about $17b errors
but what we had best be paying attention to is Congress forgetting about putting to death the alternative minimum tax thats about to hit us for a trillion
The Joint Committee on Taxation, a nonpartisan body that estimates tax changes for lawmakers, on Tuesday updated an earlier report forecasting that the tax would raise $31 billion over the period, citing economic modeling errors.
Either way, the revenue is far less than the $1 trillion or more that would be lost from scrapping the alternative minimum tax. The AMT also is meant to be a minimum tax on the wealthy. Democrats have said the Buffett tax could replace the AMT.