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  • AMT sucks. which candidate will revise it?

    13 replies [ Reply | Watch | Options ]
    04.15.08, 07:46 AM [ Flag ]

    • none. who's going to take the political bullet for ppl making 200K. we know its middle class here, but that doesnt play in peoria

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      04.15.08, 07:46 AM [ Flag | link to this post ]

      • its less for single people right. single mother was on yesterday who got hit with it. said threshold was $75k.

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        04.15.08, 07:47 AM [ Flag | link to this post ]

      • doesn't it kick in after $100k?

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        04.15.08, 07:48 AM [ Flag | link to this post ]

        • i think it depends on your deductions. and the ratio of deductions to income. its different for every person.

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          04.15.08, 07:49 AM [ Flag | link to this post ]

          • but in nyc, we all have big deductions because of the high ny state and city tax. so it kicks at a very low income threshold for us

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            04.15.08, 07:51 AM [ Flag | link to this post ]

            • yes. i know. i live here too. its not based on income, its based on your deductions. do you have a mortgage interest deduction, for example? see, its complicated. appreciate the condescension, though.

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              04.15.08, 07:52 AM [ Flag | link to this post ]

            • our hhi is over $100K, less than $200K, and we don't pay AMT.

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              04.15.08, 08:12 AM [ Flag | link to this post ]

    • I'm an Obama supporter, but your only hope is McCain.

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      04.15.08, 07:46 AM [ Flag | link to this post ]

    • it really does and I don't know if any politician will fix it, b/c the gov't needs the money

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      04.15.08, 07:46 AM [ Flag | link to this post ]

    • that's not the only issue though, the tax code is moronic. and it all depends on where you live, that should count toward your taxes for federal, nto just the amount you make, if you lived in kansas making 200k, you wouldn't complain about amt because y would have the extra cash likely. in nyc, it doesn't go very far

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      04.15.08, 07:47 AM [ Flag | link to this post ]

    • Ron Paul

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      04.15.08, 08:11 AM [ Flag | link to this post ]
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