The Taxman Cometh, Surprise!

You ever wonder how Bush and the Republicans intended to offset the tax give-away to the rich. Well, it aint gonna come from the Tooth-fairy. It is going to come from the hide of middle-class, those folks that supported Bush so grandly in 2004. The Alternative Minimum Tax is going to do all the heavy lifting, and as Jon Stewart might say, WHHAAA, Congress will not need a vote for this tax, because it is already in place.

The New York Times has a piece on the tax which they state is, “Baffling in its complexity and often bizarre in its impact, the alternative minimum tax is a giant undeclared tax increase that will ensnare tens of millions of moderate-income families in the next several years

http://www.nytimes.com/2005/04/10/business/yourmoney/10view.html?th&emc=th

The Times estimates that when 2.9 million middle-income families files their taxes this year they will pay an average of about $6,000 more than what they would owe under traditional calculations. That tax surprise will be due to the Alternative Minimum Tax

Next year, 2006, the tax will affect 18 million households to the tune of an extra tax of $33.9 billion. The tax will continue to escalate until 2015 it will require an extra $200 billion in taxes from middle-income households.

Still support your wonderful Georgie Porgie, pudding and pie? He's socking it to you. Don't you feel proud to be supporting the wealthy like this?

that we had to pay for the first time in 31 years was $2400 MORE than what had already been taken out in withholding.

If the taxman is going to start looking for me, I'd better

:hide:

Notice that the AMT has an atricious marriage tax. Family values again.

about making sure you pay your taxes or the IRS will be on your ass! I have heard this story on my local news (same version on every channel) about three times now!

Apparently the administration is concerned about the number of tax avoiders. Despite making less money this year and paying out the kazoo for medical bills we paid a shit load more in taxes this year! And I thought LAST year was bad!

There is definitely a systematic weakening of the middle-class going on. I just cannot believe how many Americans haven't recognized that fact. Do they NOT realize that they are paying more. Do they really NOT pay attention from year to year?

We have been, and are paying more at every turn... income taxes, real estate taxes, sales taxes, plus all the other taxes; all the while services are being cut drastically. The strategic HIT on the middle class is comprehensive and purposeful. The rich are very content, the poor are wholly consumed with eking out a living; therefore it is only the middle class who makes waves. Their solution... GET RID OF THEM! We are five years into 'the making-of-the-poor', a n d r u n n i n g . . .
(Already HIT with the ATM, for the very first time, when I filed my income tax return for 2003.)

Ever since Bill left, that's been my personal experience....while property and other taxes go up, up, up!