Quote:
Originally posted by Captain
I thought the AMT helped move us much closer to a flat tax, since it gets rid of the effect of many of those deductions you are railing against. (Simple? No. Flatter? Yes.)
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Given thta in about 2 years it will be more costly to repeal the AMT than the regular tax, I'd wait until then, abolish income tax, go with the AMT, and make a couple of adjustments to avoid some of the problems it has.
