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Reply to "Who should this person vote for in the presidential election?"
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[quote=Anonymous][quote=Anonymous]Listen, Sandy, no matter what you will likely be paying a very high tax rate, whether the President is D or R. Why? Because most likely, you are falling within the group that pays the Alternative Minimum Tax, which taxes most people who make between 250-500k in income, as opposed to capital gains. No one, and I mean NO ONE is going to ease that burden on you, because the AMT raises such a huge chunk of revenue for the federal gov't, it would be catastrophic to get rid of. Romney pays lip service to lowering taxes on people like you, but you're not his demographic. The people making hundreds of millions of dollars are his demographic. Your 500k is chump change.[/quote] Bush passed his tax cut knowing that a huge chunk of it would be offset by hitting people with AMT but he thought it was a better headline to have a tax cut that sounded big than to actually fix the AMT. You won't go broke overestimating the cynicism of politicians.[/quote]
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