Re: Obama’s Plan to Cap Tax Deductions
by Anonymous
It is not true that many of the higher-bracket taxpayers "already face AMT." With the top AMT rate at 28%, those taxpayers with a significant amount of their regular taxable income being taxed at 33% or 35%, don't face AMT. It's the upper middle-income taxpayers in the 25% or 28% that get caught by the AMT trap.
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