Friday, October 30, 2009

Tax on Wealthy Not Tied to Inflation

CQ Today (10/30, Rubin) reports that since the income levels at which more wealthy earners would be taxed to pay for healthcare reform is not indexed for inflation in the House bill, "more and more people each year would face a tax that is being sold as a levy on millionaires".

"It's a significant change in approach that will help align revenues and costs in the latest version of the bill, but it will invite criticism and comparisons to the alternative minimum tax, which has affected far more people than it was supposed to."

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