Many taxpayers in states in the northeast and west (those states with high state and local taxes) must pay the Alternative Minimum Tax (AMT). Thus, the increased taxes on high income individuals will fall disproportionately on those in Red states.
Saturday, February 28, 2009
Tax the rich-- in Red states
Many taxpayers in states in the northeast and west (those states with high state and local taxes) must pay the Alternative Minimum Tax (AMT). Thus, the increased taxes on high income individuals will fall disproportionately on those in Red states.
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