In fact, only 20 percent of taxpayers make $80,000 or more. For these people to wallow in self-pity is ridiculous. They should concern themselves with the 80 percent of taxpayers who make less than $80,000. And the major burden for that 80 percent is not the income tax or the AMT, it is the FICA, or Social Security tax. If we want to help them, we reduce that tax first. Congress has hesitated to touch it because they fear being accused of tampering with Social Security. But if they really want to help the working people of this country instead of themselves, it's FICA, not the AMT, that should be their target.
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|Title Annotation:||Tilting at windmills|
|Date:||Jan 1, 2007|
|Next Article:||A classier con.|