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Millions Will Now Pay the Alternative Minimum Tax

BEGIN TRANSCRIPT

RUSH: Okay, time to put this into play now.  So TIME is complying with the regime, and The Atlantic complying with the regime, and they're putting it in play now.  But that's just the tip of the iceberg.  Up next, of course, is the Alternative Minimum Tax: "'Fiscal Cliff' Could Put Millions of Taxpayers Into 'AMT Shock.'" and that's part of the plan, too.  And the AMT scam is one of the ways that they might be able to avoid raising anybody's tax rates, per se, their marginal tax rates. 

I will be back.

BREAK TRANSCRIPT

RUSH: Okay. I'm gonna save the AMT discussion for tomorrow, 'cause I basically touched on this yesterday and on previous broadcasts. But basically it's a scheme to capture even more taxpayers, and you put a 30% minimum tax on them. That way, you don't have to raise the rates. The Republicans would go along with it 'cause they could say, "Hey, we kept the rates on the rich from going up." I'll explain all this, how this could come to pass, tomorrow. I'll put it at the top of tomorrow's Stack.

END TRANSCRIPT

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