Friday, September 28, 2007

AMT and SCHIP: A Surreal Overlap

With the new higher income limits in the SCHIP bill (if the President doesn't veto it), we now have the surreal situation where 70,000 families who qualify for taxpayer subsidized SCHIP health care will ALSO be subject to the Alternative Minimum Tax which was intended as a tax on the RICH!!

Poor Rich Children!! Oh, the humanity!!