file http://mrc.org/taxonomy/term/13167/all en CNN's Velshi Misreports Tax Numbers While 'Minding Your Business' http://mrc.org/articles/cnns-velshi-misreports-tax-numbers-while-minding-your-business <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p >     With tax filing deadlines just around the corner, “American Morning” focused on the alternative minimum tax, a parallel tax structure that struck about 3.5 million taxpayers last year.</p> <br /> <p >     Business reporter Ali Velshi explained on the April 13 broadcast that the tax was invented in 1969 to prevent the highest income earners from “tak[ing] advantage of too many loopholes.” But now the AMT is threatening income earners as low as $42,500.</p><p><a href="http://mrc.org/articles/cnns-velshi-misreports-tax-numbers-while-minding-your-business" target="_blank">read more</a></p> Articles MRC Business Taxes alternativeminimumtax AMT April15 clinton Democrat file filing IRS pelosi tax TaxCut Fri, 13 Apr 2007 17:01:28 +0000 admin 25549 at http://mrc.org