Reply #16: "a little higher" is a sick joke [View All]

The original AMT was meant to catch up the very wealthy who were paying no tax. The threshold ought to moved up by around a factor of 10 and NEEDS TO BE AUTOMATICALLY ADJUSTED for inflation so that those corrupt bastards in washington can't just re-inflate this into what it is today: yet another tax on the fatal condition known as 'being middle class'. Millions of middle class metro-region families are getting hit by this tax. It has became just another way of screwing us.

The OP seems to think that a minor adjustment: "maybe up to $50,000 for a single person and to $70,000"- say what? People making $50,000 are not the very wealthy, they don't even hit the FICA limits. Families making 70,000 are just barely over the limit for qualifying for SCHIP subsidies. Try $500,000 for starters.