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Originally Posted by Cannon Shell
AMT is not good, it is misguided and outdated and needs to be at least altered to the times.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.
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that's a very good point that gets largely ignored. some parts of the country (such as here) that is a TON of money. other places, not so much. tony and i have it made down here as for the most part the cost of living is really low. my house payment is incredibly low, property down here is cheap. by the same token, the federal minimum wage stretches a lot further here than anywhere-most states min wage is higher than the federal. speaking of the minimum wage, we just had a hike on that-and is it just coincidence that unemployment grew at the same time? i know here locally it's not a coincidence. my daugher got let go a month before leaving for college, along with a coworker, due to the hike. small businesses down here couldn't handle the increase, which happened at the same time that volume was decreasing due to oil and fuel prices.