Archive for May 17th, 2012

Trickle-Down Taxation


Thursday May 17th, 2012   •   Posted by John C. Goodman at 9:00am PST   •   8 Comments

The Alternative Minimum Tax was imposed in 1969 because 115 households investing in municipal bonds reportedly paid little or no federal income tax... On Jan. 1, 2013, it is set to hit 27 million more—raising an estimated $120 billion, according to the Obama 2013 budget. In 40 years, a tax on 115 households will...
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