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I hate taxes
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<blockquote data-quote="thedownhillEXPRESS" data-source="post: 1310624" data-attributes="member: 41741"><p>Example.</p><p>Not even close.</p><p></p><p>"In 2013, for example, a married couple earning $400,000 with two children and $80,000 in itemized deductions, including $20,000 in property taxes and $23,000 in state income taxes, would be subject to AMT of $8,890 on top of their ordinary income tax, according to Mark Luscombe, principal tax analyst for CCH in Riverwoods, Ill. But a taxpayer with property taxes of $5,000 and state and local sales taxes of $5,000 would be exempt from the AMT."</p></blockquote><p></p>
[QUOTE="thedownhillEXPRESS, post: 1310624, member: 41741"] Example. Not even close. "In 2013, for example, a married couple earning $400,000 with two children and $80,000 in itemized deductions, including $20,000 in property taxes and $23,000 in state income taxes, would be subject to AMT of $8,890 on top of their ordinary income tax, according to Mark Luscombe, principal tax analyst for CCH in Riverwoods, Ill. But a taxpayer with property taxes of $5,000 and state and local sales taxes of $5,000 would be exempt from the AMT." [/QUOTE]
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