It is to determine if I would hit AMT or not. He already got my
financial papers and all the necessary figures from last year. I just
answered and gave a few answers for this year. Btw, do you know if
congress may pass a law for higher exclusion for AMT? I haven't heard
much about it lately
I'm thinking the folks crying for a "falt tax" are going to get their
wish. Although AMT has two tax rates, it is as close to a flat tax as we
will likely see.
So my answer, while not gospel, is that Congress will let the AMT become
the regular tax through inflation.
Re: OT Dims want to raise taxes (News? ROFLMAO) ... I find it amazing that the AMT takes away the hybrid tax credit,... nation's wealthiest households....Democrats on the tax-writing House Ways and Means Committee. ... (alt.autos.toyota)
Re: OT Dims want to raise taxes (News? ROFLMAO) ... from the expensive bite of the alternative minimum tax are considering ... nation's wealthiest households....lower AMT bills for families making $250,000 to $500,000. ...Democrats on the tax-writing House Ways and Means Committee. ... (alt.autos.toyota)
Re: OT Dims want to raise taxes, again ... That so called 2% currently pay almost 50% of all the taxes paid to the US ... Why not simply remove the AMT?... The last tax rate cuts is why today the federal and state governments are ... (alt.autos.toyota)
Beware the complicated and costly AMT ... Beware the complicated and costly AMT... These folks are simply trying to use the tax code, legally, to lower their ... The AMT was designed in 1969 to ensure that wealthy taxpayers didn't use ... loopholes to escape paying their fair share of taxes.... (misc.taxes)
Re: State income tax refund & AMT credit ... credibility with respect to the tax treatment of tax refunds and who is ... Your post on AMT was correct until you went off on your usual ...income for years where AMT was paid and then claim part of the IRS ... when the overpayment is in a year the regular tax is paid and the AMT ... (misc.taxes)
