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The easiest, and the least convoluted method to fix this so-called problem would be to simply amend the AMT to have it impact anyone at say, $250,000 in total joint compensation, with a higher income tax - regardless of where the income comes from (including tax free munis and treasuries).

People would still be allowed to get good dividend income, people could still be involved in short-term trading, and people like Bogle would most definately pay a higher tax rate. Problem solved.
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