[geeks] KVM for Sun Sparc Servers with USB keyboards

[Lionel Peterson]

>From wikipedia[0] (reach for your grain of salt, but this shouldn't be
too controversial):

"The AMT was introduced by the Tax Reform Act of 1969[1] and became
operative in 1970. It was intended to target 155 high-income
households that had been eligible for so many tax benefits that they
owed little or no income tax under the tax code of the time.[2]"

And the links lead to:

[0] http://en.wikipedia.org/wiki/Alternative_Minimum_Tax

[1] Pub. L. No. 91-172, 83 Stat. 487 (Dec. 30, 1969).

[2] http://www.washingtonpost.com/wp-dyn/articles/A36988-2004Mar6.html

Here's a link to a Congressional Budget Office document on the subject:

http://www.cbo.gov/ftpdocs/53xx/doc5386/04-15-AMT.pdf

Which has as it's conclusion:

"Conclusions

Over the coming decade, a growing number of taxpayers
will become liable for the AMT. In 2010, if nothing is
changed, one in five taxpayers will have AMT liability
and nearly every married taxpayer with income between
$100,000 and $500,000 will owe the alternative tax.
Rather than affecting only high-income taxpayers who
would otherwise pay no tax, the AMT has extended its
reach to many upper-middle-income households. As an
increasing number of taxpayers incur the AMT, pressures
to reduce or eliminate the tax are likely to grow."

(the above quote is from the linked document, from 2004)

Lionel

On Wed, May 6, 2009 at 7:30 PM, Lionel Peterson <lionel4287 at gmail.com> wrote:
> On May 6, 2009, at 3:04 PM, Shannon Hendrix <shannon at widomaker.com> wrote:
>
>> On May 6, 2009, at 12:41 , Sandwich Maker wrote:
>>
>>> " From: Lionel Peterson <lionel4287 at gmail.com>
>>> "
>>> " []
>>> "
>>> " As you describe it, and in light of recent election, if you promise to
>>> " raise taxes on 5% of the population to fund a tax cut for 95% of the
>>> " population - you're virtually guaranteed to win...
>>> "
>>> " I think we are there, or at least just about there...
>>>
>>> well, considering that 5% has managed to get massive tax -cuts- over
>>> the last 5 decades...
>>>
>>> the top rate is what, 37%?
>>>
>>> it was 50% under reagan.
>>
>> My memory says it was 78% under Carter, and one of the things Reagan did
>> was drop it to slightly below 30%, and it has been rising ever since.
>>
>> Bush Senior moved pretty fast to undo a lot of Reagan actions.
>
> The Alternative Minimum Tax rate was originally enacted to ensure the
> wealtiest dozen taxpayers or so "paid their fair share", and Bush 43,
> continuation of the suspension of those taxes constitute the bulk of the
> "Bush Tax Cuts" and will, when re-enacted RAISE taxes on the majority of
> taxpayers (more than 50% of all taxpayers, IIRC).
>
> I can't provide links or other supporting info, as it would be a royal pain
> to do so from my iPhone right now. And yes, my thumb IS sore. ;^)
>
> Lionel
>



-- 
Lionel Peterson
lionel4287 at gmail.com