Tax Guru-Ker$tetter Letter
Wednesday, March 20, 2002
Killer Tax
One of the most insidious taxes the geniuses in DC ever created is the Alternative Minimum Tax (AMT). As with almost everything our rulers in DC do, this monstrosity accomplishes the exact opposite of its intended goal. Rather than nail the evil rich fat cats, it more often hits lower income people. Here is an excellent article on it from the current Forbes magazine.
For those who want to see the AMT fixed, please check out this group. They have my full support and admiration for tackling this beast.
KMK