Congress' tax changes likely to benefit filers, but will slow returns
Congress late last month gave Christmas gifts — average $2,000 tax breaks — to about 21 million Americans.
That's how many more filers would have been caught in the snare of the alternative minimum tax (AMT) on their 2007 returns, had the House not voted 352-64 on Dec. 27 to approve a bill that patches it.
The alternative minimum tax was enacted in 1969 to ensure the then 155 richest Americans couldn't avoid p...
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