20 April 2005

At last, a tax liberals want to cut.

I love little ironies like this. Make no mistake liberals only like high taxes when it doesn't affect them.

Class-War Revelation
Miracles happen, even to liberals, and the latest proof is their discovery of the horrors of the alternative minimum tax, or AMT. They've finally found a stealthy, soak-the-rich tax increase they don't like--and, better yet on this annual tax-payment day, their revelation may make tax reform possible.

As our readers understand all too well, the AMT is a kind of IRS surprise double jeopardy. Claim too many deductions against a high income under the regular tax code, and the AMT sweeps you into its maw lest you pay too little tax. Less well known is that the AMT was created in 1969 amid one of Washington's periodic class-warfare pandemics...

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