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But as more and more taxpayers fall into the clutches of the Alternative Minimum Tax, and credits and phase-outs proliferate, this old-fashioned ploy doesn't always work.
FORBES: Hoist By Your Own Petard
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Congress couldn't have given more than fleeting thought to time when it added things like education credits and alternative minimum taxes to the tax code.
FORBES: Hurry Up And Wait
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Some of this inequality was addressed by the Labour governments through tax credits and the minimum wage, but the share of income going to the top 1% continued to rise inexorably, driven by the financial sector.
FORBES: The Economic Legacy Of Margaret Thatcher
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Indeed, come this fall if President Bush has his way, he will make available to the Soviet Union at a minimum restored access to government guaranteed credits and investment insurance coverage.
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One year tax credits were able to offset the alternative minimum tax in the annual fix passed by Congress.
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The AMT is intended to impose a minimum tax on people that have substantial deductions or tax credits, such as a lot of children.
FORBES: The Counter-Intuitive Tax
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In addition to education spending, Clinton said Congress should pass "a real patients' bill of rights, " strong hate crimes legislation, and a raise in the minimum wage, as well as targeted tax cuts and tax credits.
CNN: Clinton chides GOP for blocking budget progress
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That's why I think the progress that we've made in offering tax credits for those to afford to be able to have a minimum set of health care -- a minimum standard of health care that allows us not to pay for their health care in that sense, and to get the health care that they need.
WHITEHOUSE: Press Briefing