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No. We've seen what no alternative tax system leads to. However the current AMT system should be corrected to include some type of indexing for COLA/Inflation.
Answer: Yes. The AMT needs more than indexing for inflation. Even with the annual "patch" for inflation, it still adds a tax burden and complication for upper-middle-class families with more than the average number of children or who live in a state that taxes income at a high rate--neither of which are exactly progressive tax policies. Moreover, as this IRS report shows, it has done little or nothing to combat otherr tax policies that allow more high-net-worth individuals than ever to pay no tax, ostensibly the reason it was enacted more than 40 years ago. http://www.irs.gov/pub/irs-soi/05inhighincomebul.pdf
What else can I help you with?
Reasons why middle men should be eliminated?
why should middle men be eliminated
Why the mats by francisco arcellana is important?
Its conclusion is you should...
Why should middle men be eliminated from the chain of business?
The middle men should not be eliminated
Number to words in Indian format in crystal report?
numbervar RmVal:=0; numbervar Amt:=0; numbervar pAmt:=0; stringvar InWords :="Rupees "; Amt := numeric value ; if Amt > 10000000 then RmVal := truncate(Amt/10000000); if Amt = 10000000 then RmVal := 1; if RmVal = 1 then InWords := InWords + " " + towords(RmVal,0) + " crore" else if RmVal > 1 then InWords := InWords + " " + towords(RmVal,0) + " crores"; Amt := Amt - Rmval * 10000000; if Amt > 100000 then RmVal := truncate(Amt/100000); if Amt = 100000 then RmVal := 1; if Amt 1 then InWords := InWords + " " + towords(RmVal,0) + " lakhs"; Amt := Amt - Rmval * 100000; if Amt > 0 then InWords := InWords + " " + towords(truncate(Amt),0); pAmt := (Amt - truncate(Amt)) * 100; if pAmt > 0 then InWords := InWords + " and " + towords(pAmt,0) + " paisa only" else InWords := InWords + " only"; UPPERCASE(InWords)
What is the meaning of AMT?
AMT is he advanced manufacturing technology
What does amt stand for in an amt pistol?
Arcadia Machine and Tool
What does the medical abbreviation AMT mean?
AMT stands for amount.
What does amt stand for in amt pistol?
Arcadia Machine and Tool
When was McMasterville - AMT - created?
McMasterville - AMT - was created in 2000.
When was Chabanel - AMT - created?
Chabanel - AMT - was created in 2007.
When was AMT Coffee created?
AMT Coffee was created in 1992.
When was Das Amt created?
Das Amt was created in 1997.
