It does not make sense to me that a man that has a total tax bill of 97,627 would get hit with another 1k of AMT.
Something is broken in this country.
Something is broken in this country.
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Acronyms
I think some folks in Congress are seriously confused about the abbreviation, and think that the Alternative Minimum Tax is an ATM. They consider it a mechanism that is used to draw cash from taxpayers...Burton M. Koss
koss@usakoss.net
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The map is not the territory...
and the instruction book is not the process. -
Good old days
Depending upon the outcome of the next election, within a couple of years we may all be looking back on the problems with the AMT as the good old days by comparison;."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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"our clients will run over us with an ATV."
Yeah, how exactly do we explain to a client that 90k just isn't quite enough tax for Uncle Sam, LOL
I would love to have his tax bill as my salary.Comment
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Well at some level of income 90k is probably too low really. If I had someone who made $1 million I wouldn't feel bad if they owed more than 90k.
It must be nice to have an income high enough that you owe $90k.Comment
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The fact that he had to pay the 90k doesn't bother me, it's that fact that it wasn't enough.Comment
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