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Old 06-01-2006, 11:39 AM   #974
taxwonk
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AMT

Quote:
Originally posted by Mmmm, Burger (C.J.)
They're all on my "let the AMT replace the income tax" bandwagon now:

WaPo
The reason that so many in Congress oppose the idea is exactly the reason pointed out in the article you link to: AMT taxes capital gains and dividends the same way as it taxes wages and business income.

The people creaming the loudest for a "flat" tax really want a tax on every kind of income but theirs.
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