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Senate sends Bush tax-cut package

Posted: Friday, May 12, 2006




It also will extend for one year recent changes to the alternative minimum tax - originally aimed at making sure the wealthy pay at least some taxes - to prevent it from hitting more upper middle-income families.

It is now common for taxpayers, especially those with families in high-tax states, to pay the tax on incomes of $100,000 and more.

- Associated Press


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