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Originally Posted by dalakhani
AMT is GOOD. I can tell you from experience that if not for AMT my effective tax rate would be about _____. And the rich can say the same thing.
Capital gains taxes arent good but necessary.
Do you question Warren Buffet's capitalist nature? He is in favor of these tax policies.
Families making over 250k arent rich but have you done the math on how much added burden a 250k family would have to take on?
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AMT is not good, it is misguided and outdated and needs to be at least altered to the times.
Warren Buffet's opinion is the opinion of a guy who sits a long ways away from the real world of the "middle class". Maybe he is simply he is a typical billionaire who feels guilty about making so much money. The Bleeding heart billionaire.
Any extra burden on a $250k family is too much. Or should people who live in big cities where a $250k family is middle class not count?
What is interesting is that many of the same people who go absolutely nuts if a racetrack raises takeout are card carrying, raise the taxes Dems.