April 10, 2005

A Tax Increase that President Bush Didn't Mention

Edmund Andrews:

CYNICS have long predicted that the Bush administration, plagued by budget deficits, will eventually start raising taxes. But now it is becoming clear how it would do so: the alternative minimum tax.

Baffling in its complexity and often bizarre in its impact, the alternative minimum tax is a giant undeclared tax increase that will ensnare tens of millions of moderate-income families in the next several years.

Posted by James Zellmer at April 10, 2005 12:00 AM | Subscribe to this site via RSS:
Posted to Taxes