Friday, June 08, 2007

Democrats Seek Formula To Blunt AMT

Under one version of the proposal, about 1 million families would be hit with a 4.3 percent surtax on income over $500,000, which would raise enough money to permit Congress to abolish the alternative minimum tax for millions of households earning less than $250,000 a year, according to Democratic aides and others familiar with the plan.

Click on Title to read the full Washington Post Article.

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