"family of four with an income of $45,000 will pay $2,083 more in taxes

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"Walloping the Middle Class

The Democrats' tax punt may mean that a family of four with an income of $45,000 will pay $2,083 more in taxes.

".....Making the tax wallop even worse, Democrats haven't defused the Alternative Minimum Tax time-bomb either. According to Ken Kies, who once served as staff director of Congress's joint tax committee, as many as 30 million middle-class Americans could get hit with the AMT (alternative minimum tax) next year. "The Democrats are going to have fix this during the lame-duck session [in November], or this tax will hit a lot of Americans in January." ......"

http://online.wsj.com/article/SB10001424052748703882404575519961849221940.html?mod=WSJ_Opinion_LEFTSecond

Entry #2,282

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