The Washington Tax Mess

Malpass, David
July 2007
Forbes Asia;7/23/2007, Vol. 3 Issue 13, p14
The article discusses the economic implications of the U.S. 2007 tax bill. According to the author, a massive tax bill is needed to maintain the alternative minimum tax (AMT) at roughly current levels. Without a new bill, inflation and income growth will cause the AMT to automatically expand to an extra 20 million taxpayers, adding $50 billion to their 2007 tax bills.


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