Wednesday, August 08, 2007

SCHIP for the AMT crowd

Thurber's Thoughts points out an irony with the proposed SCHIP expansion:
There are many ironies in the proposed expansion of SCHIP...but the biggest one of all is the fact that many families who are "too poor" and will thus qualify for enrollment in SCHIP, are also "too rich" and will have to pay the alternative minimum tax.
Backgrounder: Expanding SCHIP into AMT Territory: SCHIP Plan Would Extend Welfare to Wealthy Families




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