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negotiations as i did with that quote before in the administration. the amt san odd thing you have to calculate your taxes twice, pay whichever is higher. if you go back i really liked your graphic going back to, what, 1970 when introduced. there was i think a story goes there was a time magazine or other story about some little old lady who was a millionaire paid no taxes. that was really where the whole debate started. at least at tax conferences i ve heard that said. haven t in fact checked it. no one s found the little old lady, but that s the point. think how that happens. what s going on is we pass laws that say municipal bond interest is not taxable. so then somebody might say, oh, i really like the idea not paying taxes. load up on muni bonds but it s a lawful thing. worried someone could avoid paying tax because of lots of interest income from mini bonds, change the treatment of muni bonds, right? don t necessarily have to have another tax system everybody has to cal

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