Cattusbabe
Full time employment: Posting here.
- Joined
- Apr 3, 2006
- Messages
- 816
It will be interesting to see what Congress will do about this pickle in the coming session.
Candidates Ignore $1.35 Trillion Minimum Tax `Bomb' (Update1)
By Ryan J. Donmoyer
Oct. 31 (Bloomberg) -- Congressional candidates this fall are furiously debating Iraq, Medicare and extending tax cuts. Most are staying quiet about an imminent legislative challenge: how to stop a tax increase that will hit more than 20 million households next year, some with incomes as low as $50,000.
Unless Congress acts, the alternative minimum tax will gradually impose $1.35 trillion in additional taxes over the next 10 years.
Below is the link to the rest of the article.http://www.bloomberg.com/apps/news?pid=20601170&sid=ajJYxC6TAiBE&refer=special_report
Candidates Ignore $1.35 Trillion Minimum Tax `Bomb' (Update1)
By Ryan J. Donmoyer
Oct. 31 (Bloomberg) -- Congressional candidates this fall are furiously debating Iraq, Medicare and extending tax cuts. Most are staying quiet about an imminent legislative challenge: how to stop a tax increase that will hit more than 20 million households next year, some with incomes as low as $50,000.
Unless Congress acts, the alternative minimum tax will gradually impose $1.35 trillion in additional taxes over the next 10 years.
Below is the link to the rest of the article.http://www.bloomberg.com/apps/news?pid=20601170&sid=ajJYxC6TAiBE&refer=special_report