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View Diary: Warren Buffett calls for A Minimum Tax for the Wealthy (107 comments)

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  •  So index it to inflation and raise the (0+ / 0-)

    level. Poof. Problem solved.

    AMT is the only way to go. Otherwise, the loopholes proliferate to make the tax rate meaningless.

    The Class, Terror and Climate Wars are indivisible and the short-term outcome will affect the planet for centuries.

    by Words In Action on Mon Nov 26, 2012 at 10:19:39 AM PST

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    •  To be effective, (2+ / 0-)
      Recommended by:
      LilithGardener, teacherken

      the AMT needs a major overhaul.  Right now it's quite broken, for the simple reason that Republicans want to see it abolished, and Democrats want it streamlined into a Buffett tax.  Therefore, nobody does anything.

      We need to take back the House - or maybe to buy a few moderate Republicans.  How many would it take?

      Early to rise and early to bed Makes a man healthy, wealthy, and dead. --Not Benjamin Franklin

      by Boundegar on Mon Nov 26, 2012 at 10:45:30 AM PST

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