Federal Taxes

The Alternative Minimum Tax: What's at Stake, September 2008
The Alternative Minimum Tax (AMT) is a tax stop-gap, preventing wealthy taxpayers from completely avoiding income taxes by exploiting tax deductions, loopholes and exclusions. The AMT is not indexed for inflation, however, and so it is affecting a rapidly growing number of people. The AMT should be reformed, but that reform should be fully paid for, well-targeted and permanent.

Preserving Fairness and Federal Revenues: A Common-Sense Approach to the Estate Tax, September 2008
The estate tax helps keep our tax system fair by ensuring that those with the greatest ability to pay contribute their fair share. Proposals to weaken the estate tax would have negative consequences, including increasing the federal debt and reducing tax fairness. Minnesota's federal delegation should reject estate tax changes that increase the deficit or weaken the estate tax beyond the 2009 law. 

Radical Reform of the Estate Tax: A Solution in Search of a Problem, May 2008
A large package of tax cuts became law in 2001, including the gradual elimination of the federal estate tax. Those laws are set to expire in 2011, when the estate tax will revert to previous higher rates. The nearing expiration date has triggered a set of unaffordable and unfair proposals to radically lower, or even eliminate, the estate tax.

 

More Federal Taxes Analysis

 

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