Comments on: 25 Million Additional Taxpayers May Face the Dreaded AMT

By: quickbook point of sale

quickbook point of sale — Sun, 04 Sep 2011 17:03:50 +0000

The infographic may lack some important things like, who are going to be affected of the new legislation? There must be more information to be given regarding this topic, so that people can understand it clearly.

By: Chris

Chris — Wed, 27 Oct 2010 02:37:13 +0000

So, Mark…I earn about $70K/year and will pay an additional $5K to the AMT this year. Because I have a larger family, I should have to pay more taxes? The AMT was not intended to be a tax for large families; rather, it was intended to allow the government to tax the rich out of loopholes.

I am currently in the military (18+ years) and am paying two mortgages because I can’t sell my house from my previous assignment due to the country’s financial mess. Now, I will probably have the privilege to pay additional taxes because of the Congress and Presidential inability to affectively address the AMT’s lack of inflation adjustment.

I don’t have extra money for charity and taxing me out of the standard deduction/exemptions is ridiculous. I’m happy that you can get around the tax, but some of us don’t have that luxury.

By: Mark

Mark — Tue, 26 Oct 2010 08:26:53 +0000

So what? I faced the ‘dreaded AMT’ the last couple years. In both cases, I ended up ducking it (upped my charitable and retirement contributions in one case, slipped under it thanks to a last minute patch in the second case). And if I hadn’t, so what? If you’re exposed to the AMT, you either have too many kids to fit in a van or you can afford the extra few thousand (or in my case can afford to kick an extra few thousand to charity to duck it).

By: Konic

Konic — Tue, 26 Oct 2010 08:26:22 +0000

As usual it’s an Infographic that doesn’t really tell you anything you want to know. It doesn’t really explain the qualifications for AMT so you can’t tell i you’re going to be affected. If they did that then most people would realize that they don’t have to worry about it. They don’t want that, they want everyone to be afraid of it so they call their senator.

By: Eric

Eric — Tue, 26 Oct 2010 08:25:48 +0000

If I’m reading the wikipedia page correctly, this tax has been in effect since 1970.

Why is this news exactly? Don’t people have enough to worry about without fake stuff?

By: kinoshika

kinoshika — Fri, 22 Oct 2010 05:35:51 +0000

Every dark night is followed by a bright sunny day. So, patience and attention is required and things will be fruitful in near future.There is nothing called a free lunch is this world. If anything needed to be resolved then initiated need a support to be sorted out.