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Joseph Barr

Origin of the Alternative Minimum Tax - 1969 (yes, the same year as Woodstock)

Content of the article:

“Subchapter A of chapter 1 (relating to determination of tax liability) is amended by adding at the end thereof the following new part:

“Part VI – Minimum Tax for Tax Preferences

“Sec. 56.  Imposition of tax.

“In addition to the other taxes imposed by this chapter, there is hereby imposed for each taxable year, with respect to the income of every person, a tax equal to 10 percent of the amount (if any) by which….”

With these words, and President Richard Nixon’s stroke of a pen on December 30, 1969, the monster parent of the current day Alternative Minimum Tax was born.  Not unlike Dr. Frankenstein’s monster, the creators of the AMT had no concept of what its unfortunate consequences ultimately would turn out to be.

History generally attributes the origin of a minimum tax to testimony by Secretary of the Treasury Joseph Barr in Congressional committee hearings on the 1969 Tax Reform Act.  In a comment that resulted in much publicity, and a general outcry from politicians and common folk alike, he noted that a whopping 155 people with adjusted gross incomes of over $200,000 had paid no taxes on their 1967 tax returns.

Of course, when a “good” idea like this originates, many people are anxious to take credit.  Among the many of us back in D.C. who didn’t make it up to Woodstock, President Nixon himself claimed to have had the idea.  From his Statement on Signing the Tax Reform Act of 1969:

“Eight months ago, I submitted a sweeping set of proposals to the Congress for the first major tax reform in 15 years, one which would make our tax system more fair.

“In terms of long-overdue tax reform, most of my major reform proposals were adopted.

“A large number of high-income persons who have paid little or no Federal income taxes will now bear a fairer share of the tax burden through enactment of a minimum tax comparable to the proposal that I submitted to the Congress, which closes the loopholes that permitted much of this tax avoidance.”

From this simple “fix” of the 155 non-taxpayer problem 40 years ago, the monster has evolved to where recent IRS statistics show that over 4 million taxpayers currently are paying the AMT!

About the Author

George Bauernfeind is with AMT Individual - providing information on alternative Minimum Tax Planning. He writes articles to help the tax payers to pay less Alternative Minimum Tax. He recommend to use Alternative Minimum Tax Calculator to reduce Alternative Minimum Tax.

Joseph W. Barr $138.61 High Quality Content by WIKIPEDIA articles Joseph Walker Barr was an American businessman and politician. Born in Bicknell, Indiana, he graduated from DePauw University in 1939, where he was a member of Phi Kappa Psi Fraternity, and earned a masters degree in economics from Harvard University in Cambridge, Massachusetts, in 1941. He served in the United States Navy from 1942 to 1945, during World War II, with subchaser duty in the Mediterranean Sea and Atlantic Ocean. He received a Bronze Star for sinking a submarine off Anzio Beach Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 268 Publication Date: 2010/07/12 Language: English Dimensions: 5.98 x 9.01 x 0.60 inches

The Improbable Adventures of Sherlock Holmes By Adams, John Joseph (EDT)/ Kirtley, David Barr (CON) $20.03 Features short stories about Sherlock Holmes and Watson solving mysteries where a particular piece has been changed, which alters the course of the story and conclusion. Author: Adams, John Joseph (EDT)/ Kirtley, David Barr (CON) Subtitle: Tales of Mystery and the Imagination Detailing the Adventures of the Worlds Most Famous Detective, Mr. Sherlock Holmes Publication Date: 2009/09/01 Number of Pages: 454 Binding Type: Paperback Language: English Depth: 1.50 Width: 6.25 Height: 9.50

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Billy Barr by Apostolis, Dismas Reinald [Paperback] $87.62 Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. William Joseph Billy Barr is an English former footballer and manager. Barr started his career with Halifax Town in July 1987, after coming through the clubs youth team. He joined Crewe Alexandra in June 1994. He then moved to Carlisle United in August 1997, and finished his playing career with the club. He was caretaker manager of Carlisle United from April August 2002. He later took up a new coaching role with the first team squad at Preston North End, holding the position of first team coach from the summer of 2006. He left the club in January 2010 following the appointment of Darren Ferguson as manager. He then joined Alan Irvine at Sheffield Wednesday assuming the role of First Team Coach. Author: Apostolis, Dismas Reinald Binding Type: Paperback Number of Pages: 116 Publication Date: 2011/07/20 Language: English Dimensions: 9.02 x 5.98 x 0.28 inches

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Julia Barr $98.77 High Quality Content by WIKIPEDIA articles Julia Barr(bornJulia Rose Buchheiton February 8, 1949 inFort Wayne, Indiana) is anAmericanactress. Barr is most famous for her role on thesoap operaAll My Children, playing the character ofBrooke English. She played the role from 1976 to 1981 and from 1982 to December 20, 2006 and Barr made a special appearance as Brooke on January 5, 2010 as part of the series 40th anniversary, and returned on February 23, 2010 for a threemonth stint until April 23, 2010. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 128 Publication Date: 2011/01/27 Language: English Dimensions: 6.00 x 9.00 x 0.30 inches

Victoria Barr $108.33 High Quality Content by WIKIPEDIA articles Victoria Vicki Barr (born 14 April 1982 in Gateshead) is an athlete who represented Great Britain at the 2008 Summer Olympics in the 4x400m womens relay. She once again represented Great Britain at the 2009 World Championships in Athletics in the relay. In 2010, she once again represented Great Britain at the 2010 European Championships in the 4x400m relay. It wasnt until 2010 that Barr received her first call as an individual athlete, representing England at the Commonwealth Games in the 400m. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 164 Publication Date: 2010/10/07 Language: English Dimensions: 6.00 x 9.02 x 0.38 inches

Darren Barr $70.1 High Quality Content by WIKIPEDIA articles Darren Barr is a Scottish professional footballer currently playing for Scottish Premier League club Heart of Midlothian as a defender. Barr signed for Falkirk on 12 July 2002. He has previously had a loan spell for Forfar Athletic during 200506. He won his first personal award in December 2006 when he was crowned the SPL Young Player of the Month. In April 2008 he earned the SPLs Player of the Month award. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 100 Publication Date: 2011/01/08 Language: English Dimensions: 6.00 x 9.02 x 0.24 inches

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Rachel Barr $98.77 High Quality Content by WIKIPEDIA articles Rachel Barr, Ph.D. is an associate professor at Georgetown University. Her research focuses on understanding the learning and memory mechanisms that develop during infancy. Because infants are preverbal, her techniques rely on imitation and learning methods to find out what infants have learned and how well and how long they remember it. Her previous research has focused on how infants pick up information from different media sources, television, siblings, adults, and different contexts. Most recently, Barrs studies focus on factors that might enhance infant learning from television. Author: Surhone, Lambert M./ Timpledon, Miriam T./ Marseken, Susan F. Binding Type: Paperback Number of Pages: 152 Publication Date: 2010/07/09 Language: English Dimensions: 5.98 x 9.01 x 0.35 inches

The Barr’©re Album $14.95 (Flute and Piano). By Various. Edited by Georges Barr_re. Flute. Woodwind Solo. 64 pages. G. Schirmer #ED3939. Published by G. Schirmer

Glenn Barr's Faces $16.46 Detroit-based artist Glenn Barr presents a 96-page compilation featuring details from 80 paintings and drawings created over the last decade. Inspired by the complex expressions and raw emotions revealed by faces, Barr invokes the human condition, creating a multitude of personalities ranging from extraordinarily common to extreme and fantastic. Barr uses pencil and brush to render elegant and elongated necklines, exaggerated eyes, and the gentle or jagged slopes shaping the noses or foreheads of the men, women, and monsters he creates, whether they are beautiful, ordinary, or even grotesque. Expressed in the intricate details of each image, Barr presents a delicate mix of texture, color and line typical of the his loose but carefully executed style. Turn the page to reveal subtle or manic emotions of the wise, the wicked and the wistful. FACES brings each reader one step closer to experiencing first hand the compelling minds and interesting characters found in the world of Glenn Barr.

Roseanne Barr: Blonde and Bitchin' - $14.99 Roseanne Barr: Blonde and Bitchin' originally aired exclusively on HBO but is now available in this home-video release. In Barr's first comedy special in over 14 years, the sitcom mainstay, movie star, and acid-mouthed comedienne-at-large returns to her standup act -- the venue that originally launched her into superstardom in the early '80s -- before a jam-packed, enthusiastic audience. In the process, Barr hilariously touches on a myriad of controversial topics. From the Oval Office doings of George W. Bush to the hot-button issue of gay marriage, nothing is off-topic or too sensitive. ~ Nathan Southern, Rovi

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Stringfellow Barr, President of St. John's College $79.99 Stringfellow Barr, President of St. John's College - Premium Photographic Print

TRUE BLOOD (OSC) BY BARR,NATHAN (CD) $25.23 Artist: BARR,NATHAN Genre: Soundtracks Scores Release Date: 8SEP2009

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Robert Barr (Schoolteacher) $92.4 High Quality Content by WIKIPEDIA articles Robert Barr (29 December 1831 25 May 1897) was an English schoolteacher who left England for a teaching position on Vancouver Island in 1853. Barr had given up his position in England in order to marry and was to fill a position funded by the Hudsons Bay Company. Governor James Douglas assigned him to the school at Fort Victoria which he had started the previous year. He participated in the expansion of the school situation in the colony during the next four years. Barr was also part of the early political history of the Island colonies. The first Vancouver Island House of Assembly was convened in August, 1856 by Governor Douglas and Barr was appointed clerk pro tempore. Historic records indicate that he performed his duties with a high degree of skill and efficiency. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 148 Publication Date: 2010/08/14 Language: English Dimensions: 6.00 x 9.02 x 0.34 inches

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HOME ON THE RANGE BY BARR,ROSEANNE (DVD) $20.79 To save their farm, the resident animals go bounty hunting for a notorious outlaw. Artist: BARR,ROSEANNE Genre: Family Rating: PG Release Date: 17MAY2011