Congratulation ReformAMT and..

CONGRATUALTIONS ReformAMT AND U.S. CONGRESS
Canada’s American counter-part lobby groups have succeeded
in persuading the American Government to take the Right and
Honourable action while CFET makes no tangible progress.

A report by Victor Drummond ©
November 2008

It took seven years of lobbying the U.S. government -- and a lot of money --but the efforts of the American grass roots organizations – to achieve fair taxation for their citizens has paid off.

For details of their struggle and the results they have achieved visit:- https://www.siliconvalley.com/news/ci_10950780 and read the article titled:-
Rescue bill offers relief to some valley taxpayers hit with the AMT

The rescue BILL No. H1424 does a lot more than provide relief to some Silicone Valley Workers. To read the whole story go to the ReformAMT web page:- www.ReformAMT.org

To give you a preview of what you will see there following is a clip from the ReformAMT group web pages.

October 4, 2008 - To our Champions in Congress, ReformAMT would like to express our deep gratitude and appreciation for all that you have done for us. Your efforts have saved many families, their homes and their childrens' future.


Brief Overview of the Law
What the new law does :
1. Removes all income (AGI) limitations (no more income phase-outs)
2. Refunds your AMT credits over 2 years
3. Abates all outstanding liabilities, interest, and penalties
Refunds all anything you have already paid (including penalties and interest) to the IRS associated with ISO-AMT liability

Does anyone think -- for one moment -- the impact of huge taxes on phantom income is less devastating on Canadians than the same tax has on American victims?

If the United States Government can make this costly correction to their tax system while in the midst of an economic crisis what possible excuse can the Canadian government fabricate -- for not doing the same for Canadians -- when they tell us our economy is in relatively much better shape?

If you have any concern for your own basic RIGHT to fair taxation – which is nonexistent while our taxable benefit legislation remains as it is currently written – then visit the “Canadians for Fair and Equitable Taxation” (CFET) web page, www.cfet.ca

Sign the petition you will find there and contact your local Member of Parliament, (MP).
You know what to tell your MP. Also:- Send them a copy of this article.

The best Christmas present our government can give to all Canadians this year is to follow the U.S. Government lead and revoke all taxes and penalties based on income that never existed.

Victor Drummond ©