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AMT Hitting the Middle Class
The percapita income in Californiawas $33,749 in 2005, according to U.S. Census Bureau Data.
If thealternative minimum tax fix that expired in December isn't renewed, taxpayersmaking as little as $30,000 to $50,000 could be hit by a levy aimed 40 yearsago at making sure the creative and well-heeled pay up, according to the TaxPolicy Center.
Yet thereare people - important people, such as the No. 3 Democrat in the U.S. House ofRepresentatives - who insist on painting the AMT fix the Senate adde
12 Feb, 2009
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3 min read
Our Wild West Politics
Welcome to the latest episode of "Wild West Politics, California-Style," a show where everyone would rather fight than switch.
Gov. Arnold Schwarzenegger comes out ahead in this installment, after
Sacramento County Superior Court Judge Patrick Marlette says he can go ahead with his plan to furlough state workers two Fridays a month starting next week.
But unions representing state employees plan to press on. And the state's
Democractic department heads are refusing to participate. The Legisla
03 Feb, 2009
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3 min read
