I am very concerned about the repeal of the Alternative Minimum Tax as anyone should be. That money will be made up somewhere.
On the other hand, Ivins said; "The problem is that four out of five Americans pay more in payroll taxes than they do in income taxes, so an income tax cut by definition favors the wealthy."
What is the difference between a "payroll tax" and an "income tax".
They BOTH come from the money one earns, and both are deducted. Why make this distinction?
Another thing, the income tax is based on the money one earns, not the money one has, so taxing the so-called rich would simply increase the tax burden on those who earn more.
If you want real tax equity, repeal ALL taxes and go to a national sales tax, exempting only food, clothing, and medical costs.

troll