Now Playin' -- I Hear Yer Payin'
by Dana Chasin, 12/4/2006
On Dec. 1, National Public Radio's Morning Edition ran a short segment by John Ydstie on the Alternative Minimum Tax (AMT), entitled "Democrats Promote Relief from the Alternative Minimum Tax."
3.5 million taxpayers had to file income tax returns under the AMT in 2006. Unless addressed by Congress, this number will increase to 23.4 million in 2007, as we have noted.
The segment indicates that the average AMT filer must pay $3,000 more in taxes each year than under the regular system.
Meanwhile, the 10-year cost of ATM repeal is estimated by CBPP to be around $1.2 trillion.
An excellent overview of the ATM, the program segment (listen here) brings home how powerfully this issue is likely to play in the media over the coming months.
