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If the Alternative Minimum Tax is so Bad.......?
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<blockquote data-quote="texan" data-source="post: 1062143" data-attributes="member: 38206"><p><strong>It is a very stange tax to me. </strong></p><p><strong></strong></p><p><strong>From what I understand about it, it was created in 1969.</strong></p><p><strong></strong></p><p><strong>The AMT was designed to prevent the very wealthy from dodging taxes through shelters and deductions.</strong></p><p><strong></strong></p><p><strong>All this time, it has never indexed to inflation.</strong></p><p><strong></strong></p><p> <strong>So people who make $75,000 and above can be hit by this "very rich tax" created to catch very rich tax payers</strong></p><p><strong>33 years ago, and never changed.</strong></p></blockquote><p></p>
[QUOTE="texan, post: 1062143, member: 38206"] [B]It is a very stange tax to me. From what I understand about it, it was created in 1969. The AMT was designed to prevent the very wealthy from dodging taxes through shelters and deductions. All this time, it has never indexed to inflation. So people who make $75,000 and above can be hit by this "very rich tax" created to catch very rich tax payers 33 years ago, and never changed.[/B] [/QUOTE]
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If the Alternative Minimum Tax is so Bad.......?
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