Wednesday, April 26, 2006

Tax Freedom Day? NOT HERE!!!

While the rest of the country celebrates Tax Freedom Day, our Legislature is wandering around in their own self-created fog, debating whether limits on Gummint spending are actually a good idea.

In Wisconsin, Tax Freedom Day will happen on Friday the 28th of April.

But it could be worse: the Alternative Minimum Tax ass-biter will kick in at full force again for THIS tax year, meaning that if you report more than $68K in income and pay Wisconsin income and property taxes (and have children--) you will really get socked when you fill out your 1040 next April.

The AMT particularly punishes those who: 1) have more than two children and 2) pay onerous State/local taxes.

Need a mirror?

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