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right folks you know the diligent random russia i listen to rush limbaugh
randomly for sixty seconds and then time responding ninety seconds
it's one twenty five almost p_m_ eastern let's set the cvs none break hopefully
is not
bereavement and tax
but he'd is
out though as as incidentally places
it is on somebody's drawing board
and one of the questions about the fiscal cliff talks of what happens to
the a_n_c_
the any mt just refresh your memory was implemented in nineteen sixty nine
to make sure that upper-income americans paid their taxes
i forget what the number is but it was so small there were
i wanna say fifty
exceedingly rich people who didn't pay any income tax
and this of course was outrageous
nuzzles unacceptable
so they came up with alternative minimum tax made sure that's everybody paid
something
now what's happened
over the years is is in more and more middle
income americans
have been caught by the a m team
because it was never indexed for inflation
our ads
so here's a limbaugh talking about the a_m_t_ and he's actually right this is
the one time i'm ever going to grey with rush limbaugh is assessment of what the
empty and i don't think it's a took
small potatoes that
whatever that number was of extra renewal the rich people
uh... we're not paying taxes i think that sort of a problem but i know he
thinks it's a gem
but yes the mt was basically um... saying that you cannot deduct away
all of your tax burden if you're a very wealthy person in because it was an
index properly it does capture uh... increasingly number of of people who are
maybe a little bit more wealthy than upper class and femina middle class in
fact the yes i would say significantly so a particularly in the tri-state area
because uh... lot of new yorkers uh... get got mad because they don't dare
deduct their stays state tax
there is no doubt my mind that the a_m_t_ fix is going to go through just
like it has every single year
and to demagogue this is to change the subject from the fact
that you have the top two percent of this country and in fact all americans
is a story in the new york times today all americans except for some low-income
americans are paying less in taxes than they were in nineteen eighty and if we
have been following those tax rates since nineteen eighty there would be no
deficit
it would be practically gone
so limbaugh can merge our job job out there and tea but at the end of the day
he's just trying to op skate the fact that republicans are gonna have to eat
it
in the very well in this country gonna have to pay a fair amount of taxes any
more traditional
a more traditional
percentage of tax when a little over pretty
traditional american just lead to a rally wants yeah