UPDATE:Rangel Tax Plan’s Centerpiece Is 30.5% Top Corp Rate
(Updates with source saying all industries included in proposal to tax financial managers’ carried interest as regular income)
By John Godfrey
OF DOW JONES NEWSWIRES
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Absent a patch, the alternative minimum tax will expand to hit roughly 25 million taxpayers, up from 4.4 million in 2006, increasing their taxes by a total of nearly $50 billion, according to congressional estimates.
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Ahh good old charlie, just looking out for the folks!
“barbara streisand”
Bear in mind, that companies don’t pay taxes. Only people do!
Bear in mind, that taxes are the drag on the economy. Every dollar extracted in taxes to be wasted by the gooferment represents choices that were silently precluded!
Bear in mind, that politicians follow three imperatives: get reelected; feather their own nest; and reward friends / punish enemies. You don’t even figure in their hierarchy of values.
Any questions?
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Reinke Faces Life 