Amt

[Safire]

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.

The fact that he had to pay the 90k doesn't bother me, it's that fact that it wasn't enough.

[David1980]

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.

[Safire]

"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.

[JG EA]

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...

Good one! And if doesn't get fixed again this year our clients will run over us with an ATV.

[JohnH]

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;.

[Koss]

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...

[Safire]

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.