The dread AMT.

• Author: Peters, Charles
• Position: Tilting at Windmills - Alternative Minimum Tax - Brief Article

If The New York Times failed to give the merit of raising the $90,000 limit on Social-Security taxes the same prominence accorded by the Gazette, the Times has given top-of-the-front-page prominence to one tax. Guess what the fellows at the Times are worried about? It's the Alternative Minimum Tax, which is designed to keep the wealthy from using deductions to erase their tax bill. Yet the Times headline paints the AMT as a villain: "Case of Vanishing Deductions: Alternative Tax called culprit." The Washington Post and the Times even editorialized against the AMT.

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