Wednesday, May 19, 2010

The AMT is UNFAIR To All

I got a newsletter from "my" senator, Sen. Richard Burr (R-NC), the other day. It read, in part -

On Monday, I introduced the Children of Fallen Warriors AMT Relief Act, a bill that will remove the punitive burden that is currently imposed on the children of fallen servicemembers by our outdated tax code. Under our current tax laws, the children of a fallen servicemember who receive an annuity from the Uniformed Services Survivor Benefit Plan can unintentionally become subject to the Alternative Minimum Tax (AMT). This bill recognizes that the children of fallen soldiers have already sacrificed enough for their country, and ensures that they are not subject to the AMT. 

SO I SENT HIM A MESSAGE BACK, (and sent it to "my" Representative) as follows -

In your latest newsletter, you mentioned that you introduced an Act to keep children of fallen soldiers from being subject to the AMT.

That may be a good thing, but you could have saved EVERYONE ELSE along with them by simply changing the AMT to be indexed to inflation, with the RATE INDEX ONLY retroactive to when the AMT started, and any "refund" to taxpayers good only to 2008 (even though I would get money back if it went back to 1999, I recognize that the country needs the income from the past decade).

SO - how about it? How about introducing a BILL to make this a law?"