If the richest tycoons on Wall Street get their way, you’ll face a significant tax hike this year so they can buy another tropical island. Sound fair?
Here’s the deal: An obscure provision called the “alternative minimum tax” is going to end up raising taxes for tens of millions of middle-class households—maybe even yours—unless Congress acts quickly.
Democrats want to cancel this tax increase for the middle class—and pay for the shortfall by closing a massive new loophole that’s allowing the richest investors on Wall Street to pay lower tax rates than you or I do.
I signed a petition urging Congress to close this tax loophole. Can you add your name to the petition at this link?
To see how much more you’ll pay, try the calculator. My personal taxes will go up nearly $2000.00!