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election Minimum Tax Imagine being an average, middle- income rent earner doing your best to support yourself or your family. One afterwardwardsnoon after getting home from a long day of work, you fractious to sift through the mail looking for that new how-to-do-it yourself cutting or fashions for 2009. Instead of these magazines you see a letter from the IRS. To whom it whitethorn concern: we have calculated your taskes and you still owe us $3,000. How could this happen? You dotted your I’s and crossed your T’s, kept your receipts throughout the year, and paid your valuees scarce carry on everyone else, only now you have been introduced to the election Minimum Tax. This scenario burden become too familiar for more middle-class families in the coming years if nothing is done to prevent it. The Alternative Minimum Tax affects too many middle-class families with an otiose tax that was originally meant for only the wealthiest individuals. Reform of our Federal income tax is log overdue. Special preferences in the law permit farthermost too many Americans to pay less than their fair express of taxes. Too many other Americans bear too frequently of this burden….We must not permit our wealthiest citizens to be degree centigrade percent successful at tax avoidance (Goodman,2005).

In 1967 an average married couple reported an income of $8,441 while in 2006 the average married couple income was reported as $69,404 (U.S. turn over Bureau, 2009). While this seems like a huge discrepancy, inflation as followed salaries as well as products we all buy to even up for this difference. Y! es, we do make more on average just with an inflation adjustment that married couple in 1967, instantaneously would make $43,543(U.S. Census Bureau, 2009). The main problem for average chaw dealing with AMT is the complexity and lack of knowledge of how it affects people. First of all, “AMT is a type of tax that runs parallel to the regular tax”(Christian, pg. 47). To make out if you qualify for this tax...If you want to get a talented essay, order it on our website: BestEssayCheap.com

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