Solution+-+Fixing+the+Alternative+Minimum+Tax

Summary: The Alternative Minimum Tax (AMT) was designed to ensure the upper class was being taxed enough. They have more money and make more money yearly than any other class. It was created for incomes between $150,000-$415,000 per year. It was created in 1969 and was not indexed to inflation causing more and more families to find they have to pay the AMT. To change the rates would greatly reduce the amount of revenues the federal government receives. Although, without changing the rates, and estimated 15 million taxpayers will find themselves paying the AMT. A total repeal would leave the government with a loss of over $1.5 trillion over 10 years. Studies show that it would cost the government less to repeal the income tax system than the AMT.
 * __Addressing the Alternative Minimum Tax__**- Rebeca E. and Alec G.

(2) Positives: 1. They would greatly reduce the amount of revenues coming into the federal government. 2. They were designed to ensure that all high incomers pay taxes regardless of subtractions/deductions.

(3) Negatives: 1. A repeal of the ATM would mean the federal government would lose money. 2. the burden of the ATM program will increase from a few million taxpayers to about 33 million in 2010 and 42 million in 2015.

(4) Who would who argue for this solution? 1. The smaller income people would like this plan to make sure that the high rollers were paying enough taxes.

(5) Who would argue against the solution? 1. The high rollers may not think its fair for them to pay more taxes than everyone else even though their making more money than everyone else.

[|"Solution"] This article talks about how many people are being affected by the AMT and the number is increasing yearly. This is probably biased because it is titled how Bush tax cuts were overpromised and underdelivered so that shows their opinion of the Republicans/Bush just with the title.

[|"Tax Relief"] This article discusses how incomes are increasing yearly but that is a downside because more people will be affected and have to pay the AMT. This article seems less bias because it does not seem to mention specific names or people. It also talks about the causes from both sides not just one side like the other article.