Upper Middle Class Quotes



The AMT is the alternate minmum tax law which provides a monimum tax the upper middle class and moderately wealthy must pay even if they find enough loopholes and tax deductions to reduce their tax to nothing or almoist nothing. It did not rally significantly affect the taxes of the 1 percent and superrich taxpayers who still were able to avoid most taxes, Originally, it was not targted at the upper middle class, but inflation pushed them into the barackets where they were covered.