Quote:
Originally Posted by RIROCKHOUND
Ryan has some good ideas, but for god sakes, lets get rid of the Bush Tax cuts as well!
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Bryan,
theres a lot more to this. Everyone keeps harping on the "tax rate" and the Bush cuts but they are not factoring in the AMT. The AMT significantly limits the deductions, raising the total tax paid. this is not captured in the rate. So the amount of taxes mid and upper middle class families pay is much higher than the tax rate would have you believe. Eliminating the the Bush tax cuts is a bigger burden than people think because they're not factoring this in.
Thats why I am a fan of of ending the deductions, simplifying the code.
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